Descartes Systems Acquires OCR Services For $90M
Portfolio Pulse from Benzinga Newsdesk
Descartes Systems has acquired OCR Services, a provider of global trade compliance solutions, for $90M. This acquisition expands Descartes' global trade content library, benefiting customers and partners like SAP and Oracle.

March 28, 2024 | 10:02 pm
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Descartes Systems' acquisition of OCR Services for $90M significantly enhances its global trade compliance solutions and content library.
The acquisition of OCR Services by Descartes Systems for $90M is likely to have a positive short-term impact on DSGX's stock price. This strategic move not only expands Descartes' global trade content library but also strengthens its position in providing comprehensive trade compliance solutions. The enhancement of its offerings, especially with the inclusion of OCR's controlled exports data, could lead to increased customer and partner satisfaction, potentially boosting Descartes' market share and financial performance.
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