Descartes acquires Compudata, a Swiss B2B supply chain integration and e-invoicing provider for USD 17.9mln

acquisition 150x150 Descartes acquires Compudata, a Swiss B2B supply chain integration and e invoicing provider for USD 17.9mln After InterCommIT, Infodis and KSD it is now time for Compudata to be acquired by Descartes. Compudata is one of the bigger providers of B2B supply chain integration and e-invoicing solutions in Switzerland.

The all cash purchase price for the acquisition was CHF 16.0 million (approximately USD $17.9 million at December 20, 2013). Descartes funded the purchase price for this acquisition by drawing on its existing acquisition line of credit.

Compudata brings more than 500 customers to Descartes’ Global Logistic Network, with the majority of these in Switzerland. Compudata’s wider community includes a significant number of retailers and suppliers that will now join Descartes’ logistics community, presenting additional opportunities for trading partners to collect and share logistics data earlier in the business process — from purchase order to loading dock door.

Some more information on Compudata:

  1. Compudata is headquartered in Murten, Switzerland.
  2. Compudata’s network (B2BNet) serves a diverse community of trading partners, helping them connect, collaborate and seamlessly exchange electronic data.
  3. Compudata also provides e-invoicing and e-archiving functionality essential in international trade and transportation transactions.

Edward J. Ryan, Descartes’ CEO Descartes:

  • “Descartes is establishing itself as the global network for communities collaborating on logistics and supply chain processes. The addition of Compudata’s solutions and community to our Logistics Technology Platform is another important step on this journey, and it further strengthens our global market leadership position,”
  • “Our customers now have access to a broader scale and scope of document-critical functionalities that are key to moving goods. This can help them link critical elements and information in the supply chain, increase data accuracy and make the flow of goods more efficient.”

Patrick Maeder, CEO Compudata (old) and Vice President of B2B Services at Descartes (new):

  • “Compudata has set the standard in Switzerland for superior B2B supply chain integration services,”
  • “Our market-leading position in Switzerland is a direct result of our focus on enabling our community to achieve operational excellence by increasing automation and improving logistics precision.”

 

 


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