SAN
FRANCISCO, June 23, 2022 /PRNewswire/ -- Capital
Clarity announced that it advised Utah-based XPS Technologies (XPS), a
leading provider of multi-carrier ecommerce parcel shipping
technology and solutions, in its acquisition by Descartes Systems
Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting
logistics-intensive businesses in commerce, in a transaction valued
at up to $USD 140 million over two years.
XPS provides its cloud-based multi-carrier parcel shipping
solutions directly to small-, medium- and large-sized ecommerce
shippers. It also provides a white-label shipping platform to
logistics services providers. The XPS platform helps customers
streamline their ecommerce supply chain and reduce transportation
costs by automatically importing orders, comparing carrier rates,
printing shipping labels for all major carriers, and tracking
through final delivery. The XPS platform is even more powerful with
its integrations to leading ecommerce marketplaces, ERP providers
and supply chain platforms.
"John Cooper, Susan Blanco and the Capital Clarity team were
highly instrumental in enabling XPS to accomplish this monumental
transaction. Capital Clarity's deep expertise in both the ecommerce
and enterprise software industries enabled us to secure the ideal
strategic partner to significantly enhance the trajectory of our
business in both domestic and international markets." said Wasaga
Clack, CEO of XPS Technologies.
"XPS complements our significant recent investments in the
ecommerce fulfillment and shipping solutions domain," said
Edward J. Ryan, Descartes' CEO. "We
welcome the XPS customers, employees and partners to the Descartes
community and, together, look forward to helping the community
manage the full lifecycle of domestic and international ecommerce
shipments."
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 its 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.
Descartes' headquarters are in Waterloo,
Ontario, Canada and the company has offices and partners
around the world. Learn more at www.descartes.com.
About Capital Clarity
Capital Clarity offers a refined approach to investment
banking that emphasizes long-term partnership with investors and
management teams. Our leadership team has a combined experience of
80 years in financial advisory, mergers & acquisitions,
corporate development and private equity. We combine advisory
expertise with deep industry knowledge and long-standing buyer and
investor relationships to create successful outcomes for our
clients. Ecommerce software and cross-border M&A are among
Capital Clarity's areas of focus and expertise.
Capital Clarity Contacts:
John Cooper
Managing Partner
coop@capital-clarity.com
(415) 237-3242
Susan Blanco
Managing Partner
susan@capital-clarity.com
(415) 320-1582
View original content to download
multimedia:https://www.prnewswire.com/news-releases/capital-clarity-advises-xps-technologies-in-its-acquisition-by-descartes-systems-group-tsx-dsg-nasdaq-dsgx-strengthening-global-ecommerce-shipping-solutions-301574410.html
SOURCE Capital Clarity, LLC