Descartes Systems Group has purchased shipping software provider ShipRush for $14 million in cash, with the potential for an additional $3 million in incentives based on how ShipRush performs after the acquisition.
Canada-based Descartes offers tools designed to help retailers improve their logistics operations. The company lists the likes of The Home Depot Inc., No. 7 in the Internet Retailer 2017 Top 500, Crate and Barrel (No. 78) and CVS Caremark Corp. (No. 106) among its retail clients.
In acquiring ShipRush, Descartes gets technology that helps retailers streamline their shipping operations and to compare prices across major carriers including the U.S. Postal Service, UPS Inc. and FedEx Corp. ShipRush’s tool is designed to make it easier for its customers to get the lowest and most profitable shipping rate possible.
“Without a comprehensive omnichannel strategy that includes advanced parcel shipping capabilities, e-commerce retailers can be left with escalating costs and poor delivery execution that can impact customer satisfaction,” says Descartes executive vice president of product management Ken Wood. “ShipRush’s solutions help address this problem with tools to integrate with front-end commerce systems and parcel shipping providers for seamless package labeling, rating, tracking and postage processing.”Favorite