Descartes Acquires Supply Vision

Strengthens Shipment Management Capabilities on the Global Logistics Network

WATERLOO, Ontario, Jan. 06, 2023 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Supply Vision, a provider of shipment management solutions for North American Logistics Services Providers (LSPs).

Supply Vision has a long history of helping LSPs digitize their operations and manage the lifecycle of shipments. Headquartered in the US, the company provides modular applications that help LSPs coordinate shipments, from quoting, routing and booking through to final delivery. The Supply Vision platform also integrates with real-time visibility solutions, such as Descartes MacroPoint™, to provide LSPs and their end customers with enhanced information about shipment status and location.

“The momentum for digitization in the LSP community continues to accelerate,” said Scott Sangster, General Manager Logistics Services Providers at Descartes. “In order to efficiently meet customer demand while operating profitably, LSPs need to invest in solutions that automate processes across multiple parties and leverage real-time information that improves decision making. We see an opportunity to combine the Supply Vision capabilities with the Global Logistics Network and make even more solutions available for the wider LSP community.”

“The Supply Vision acquisition complements our recent investments in QuestaWeb, Kontainers and Portrix, as we look to broaden our footprint for LSPs,” said Edward J Ryan, Descartes’ CEO. “We’re looking forward to working with the Supply Vision customers, partners and team of domain experts to continue to help LSPs digitize their operations and manage the lifecycle of shipments in a secure, efficient and sustainable manner.”

Supply Vision is headquartered in Phoenix, Arizona. Descartes acquired Supply Vision for up-front consideration of approximately $USD 12 million satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $USD 3 million, based on Supply Vision achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2025 and fiscal 2026.

About Descartes Systems Group

Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com.

Global Investor Contact
Laurie McCauley
+1-519-746-6114 x202358
investor@descartes.com

Cautionary Statement Regarding Forward-Looking Statements

This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ acquisition of Supply Vision and its solution offerings; the potential to provide customers with shipment lifecycle management solutions; the potential to combine Supply Vision’s solution offerings with other products and services of Descartes’; other potential benefits derived from the acquisition and Supply Vision’s solution offerings; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the expected future performance of the Supply Vision business based on its historical and projected performance as well as the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

GlobeNewswire Distribution ID 8724950

Muhammad is 2nd-most-popular baby boy name in Netherlands in 2022

The second-most-popular name for newborn boys in the Netherlands in 2022 was Muhammad, according to new figures, Anadolu Agency reports.

According to data released by the Dutch Social Insurance Bank (SVB) on Thursday, the top name for newborn boys in the country last year was also based in faith – Noah, with 871 – while Emma was the top girl’s name with 677.

Combining the various spellings of the name, Muhammad took second place among the names given to baby boys with 671.

 

 

 

Source: Azertac

Sistine Chapel – one of greatest treasures of Vatican City

The Sistine Chapel is one of the chapels of the Apostolic Palace in the Vatican City State, where the pope’s official residence is located. Originally it worked like the chapel of the Vatican fort and was known like Cappella Magna. Its name comes from Pope Sixtus IV who ordered its restoration between 1473 and 1481. Since that time this chapel has served to celebrate papal acts and ceremonies of the Catholic Church.

During the pontificate of Sixtus IV, a group of Renaissance painters were called to perform works in the chapel, among them Sandro Botticelli, Pietro Perugino, Pinturicchio, Domenico Ghirlandaio, Cosimo Rosselli and Luca Signorelli. Two series of fresco panels were made, one on the life of Moses to the left of the altar and another on the life of Jesus Christ on the right. These panels were accompanied by portraits of the popes who had governed the Church until then. The paintings were finished in 1482, and on the occasion of the festivity of the Assumption, Sixtus IV celebrated the first mass in the chapel consecrating it to the Virgin Mary.

Commissioned by Pope Julius II, Michelangelo decorated the vault of the chapel, all frescoes from the ceiling of the Sistine Chapel are the work of this brilliant artist who took four years to complete the work, from 1508 to 1512, creating a work of art unprecedented that would change the course of Western art. Years later, between 1536 and 1541, painted the Final Judgment in the wall of the altar, for the popes Clement VII and Pope Paul III.

Over 500 years later, Michelangelo’s frescoes with their extraordinary iconographic complexity continue to attract a multitude of visitors and art critics as are considered one of the top works of the history of painting.

 

 

 

Source: Azertac

The Gulf Observer: Azerbaijan’s Shahdagh Mountain – popular destination for hikers and climbers, home to rich flora and fauna

Dubai-based The Gulf Observer portal has published an article highlighting Azerbaijan’s Shahdagh Mountain, which is a part of the Greater Caucasus mountain range located on the border with Russia.

The article reads: “Shahdagh Mountain located in the Caucasus region of Azerbaijan. It is the highest mountain in the country, with an elevation of 4,466 meters (14,652 feet).

It is a popular destination for hikers and climbers. The mountain is also home to a variety of flora and fauna, including rare species of plants and animals.

Flora and fauna of Shahdagh

Shahdagh is home to a diverse array of flora and fauna, including many species that are found nowhere else in the world.

The variety of plant species, including alpine meadows, coniferous forests, and deciduous forests. Some of the plants that can be found on Shahdagh Mountain are fir, spruce, beech, oak, juniper, heather, rhododendron, Blueberries and others.

Species of animals that can be found on Shahdagh Mountain are bears, wolves, lynx, wild boar, roe deer, chamois, marmots, eagles and etc.

It’s important to note that many of these species are endangered or threatened, and efforts are being made to protect and preserve them.

Fir, spruce, and pine, oak, beech, and birch trees are well-adapted to the cold, snowy winters of the region and provide habitat for a wide range of animals.

These forests of Shahdagh Mountain are also important for the local economy, as the trees are harvested for their wood, which is used in construction and other industries.

Hiking

Shahdagh Mountain is a popular destination for hikers and climbers due to its beautiful landscapes and challenging terrain.

Climbers will also find plenty of challenges on Shahdagh Mountain, with a variety of routes that range in difficulty. The mountain is known for its rocky peaks and steep cliffs, which provide a challenging and rewarding climbing experience. There are also several guided climbing tours available for those who want to explore the mountain with the help of an experienced guide.

It’s important to note that hiking and climbing on Shahdagh Mountain can be dangerous and should not be undertaken lightly. It is important for hikers and climbers to be properly prepared and equipped, and to follow all safety guidelines to avoid accidents and injuries.

Weather conditions

The weather on Shahdagh Mountain can vary greatly depending on the time of year and the altitude.

In the winter, temperatures on the mountain can drop to well below freezing, with heavy snowfall common. The snow can make hiking and climbing on the mountain difficult and dangerous, and it is important for those who are planning to visit the mountain in the winter to be properly prepared and equipped for cold weather conditions.

While in summer, temperatures on the mountain are milder, but the weather can still be unpredictable. It is not uncommon for the mountain to experience rain, thunderstorms, and fog, particularly at higher elevations. It is important to be prepared for these weather conditions and to dress appropriately.

Overall, it is best to be prepared for a range of weather conditions when visiting Shahdagh Mountain, as the weather can change quickly and unexpectedly. It is important to bring warm clothing and rain gear, and to stay informed about the weather forecast before embarking on any hikes or climbs on the mountain.”

 

 

Source: Azertac

Turkiye vows to not leave any Greek harassment, provocation without response

Calling on Greece to not impede on Turkiye’s offer of a hand of friendship, the country’s defense minister on Friday affirmed that Ankara will not leave any harassment or provocation by Athens without a response, according to Anadolu Agency.

Turkiye did not receive a positive response to its dialogue attempts from Greece, Hulusi Akar noted, speaking at an event in the northern Tokat province, saying Athens is not helping “de-escalate tensions” between the two countries.

“We do not harass or provoke (Greece), but we will not leave any harassment or provocation against us without response,” Akar said, adding that despite Athens’ “provocative attitude,” Ankara continues its call for dialogue.

“Do not delay in holding this hand of friendship,” he said and urged Greece to end its “irreconcilable and provocative attitudes.”

 

 

 

Source: Azertac

Azerbaijan detects 121 new COVID-19 cases

121 new cases of coronavirus infection have been recorded in Azerbaijan, while 59 patients have been recovered, the Task Force under the Cabinet of Ministers told AZERTAC.

 

According to the Task Force, 4 persons have died after testing positive for COVID-19.

 

“The overall confirmed cases in Azerbaijan have reached 826,683, with 816,291 recoveries and 10,013 deaths, while treatment of 379 others is underway.

 

A total of 7,439,300 coronavirus tests have been conducted in the country so far,” the Task Force added.

 

 

 

Source: Azertac