Descartes Systems Group (Nasdaq: DSGX) has purchased Datamyne, a cloud-based provider of import and export trade data, for approximately $52.7 million in cash. The buyer’s logistics network will be complemented by Datamyne’s transportation resources.
Datamyne, founded in 1992, collects, cleanses and commercializes logistics trade information for transactions in more than 50 countries across 5 continents. Each year, the Miami, Florida-based target gathers more than 100 million records each year from official filings with customs authorities and trade ministries. Datamyne’s web-based software, which allows clients to simplify trade data research to enhance prospecting and sourcing strategies, will be a complementary addition to the buyer’s Global Logistics Network. The target, a portfolio company of Greenwich, Connecticut-based private equity firm Nassau Point Investors LLC, also has offices in Uruguay, Argentina and Brazil.