| BOSTON, MA, USA - February 27, 2007 - EastBridge Partners, LLC announced the granting of a Business License for a new software company in China. The Descartes Systems (Suzhou) Co., Ltd., is a subsidiary company of The Descartes Systems Group, Inc. ( DSGX Nasdaq; DSG TSX) based in Waterloo, ON, Canada, a world class supplier of software that offers solutions that can be deployed as traditional applications or as a service to help customers optimize and gain real-time control of their inventory, logistics assets and mobile workforce.
EastBridge coordinated aspects of Descartes' plan to enter China and establish a wholly foreign owned entity in Suzhou , Jiangsu province, PRC. The comprehensive project included refining the operations strategy, site selection, negotiation of the articles of association, licensing & registration of Descartes' intellectual property and trademarks, and outsourcing of their back office processes.
EastBridge is contributing to Descartes' transition into by temporarily housing their staff in EastBridge's Suzhou incubator.
Jack Daniels, EastBridge Partner's President and CEO reports, "we are very pleased to provide a total start-up plan and ongoing support to Descartes in the Canada and China . Suzhou is an outstanding location to host a software company. The governmental units at the provincial and national levels have been welcoming and supportive of Descartes' move to China."
Brandon Nussey, CFO of Descartes stated, "Our plan was to efficiently roll out a physical presence in China and deliver value for local logistics intensive organizations through the support and development of our logistics management solutions. EastBridge helped us to understand the range of options that allowed us to meet our goal. With EastBridge as our development partner, we were able to efficiently execute product development and doing business with customers throughout greater China."
Descartes (TSX: DSG) (NASDAQ: DSGX) , a leading provider of software-as-a-service (SaaS) logistics solutions, is delivering results across the globe today for organizations that operate logistics-intensive businesses. Descartes' logistics management solutions combine a multi-modal network, the Descartes Global Logistics Network, with component-based 'nano' sized applications to provide messaging services between logistics trading partners, "book-to-bill" services for contract carriers and private fleet management services for organizations of all sizes. These solutions and services help Descartes' customers reduce administrative costs, billing cycles, fleet size, contract carrier costs, and mileage driven and improve pick up and delivery reliability. Our hosted, transactional and packaged solutions deliver repeatable, measurable results and fast time-to-value. Descartes customers include an estimated 1,600 ground carriers and more than 90 airlines, 30 ocean carriers, 900 freight forwarders and third-party providers of logistics services, and hundreds of manufacturers, retailers, distributors, private fleet owners and regulatory agencies. The company has over 300 employees and is based in Waterloo, Ontario, with operations in Atlanta, Pittsburgh, Ottawa, Washington DC, Derry, Stockholm, Shanghai, Singapore and Melbourne.
http://www.descartes.com
http://www.EastBridgePartners.com
EastBridge Partners, LLC , headquartered in Boston , Massachusetts , USA with offices in Hong Kong, Shanghai and Suzhou , PRC, is a specialized consulting company formed in 2003 to meet the emerging needs of European and North American based companies seeking professional guidance in establishing their businesses in Asia . Clients include both large and small manufacturers of advanced materials, consumer items, industrial goods, electronic components, high technology products and software. |