DSGX - Descartes buys QuestaWeb for ~$36.0M

Descartes Systems Group (DSGX) has acquired QuestaWeb, a provider of foreign trade zone and customs compliance solutions.QuestaWeb’s FTZ solution allows logistics services providers and importers to automate processes and comply with U.S. Customs and Border Protection regulatory requirements for operating a foreign trade zone in the U.S.Ken Wood, EVP Product Management at Descartes: “The addition of QuestaWeb’s FTZ solution brings an important capability to our Global Logistics Network and will help our customers manage the entire foreign trade zone process, allowing them to minimize duties, fees and taxes while remaining compliant with CBP regulations. We’re also looking forward to integrating QuestaWeb’s solutions with our forwarder and customs broker back-office platform, helping LSPs accelerate their digital transformation with innovative capabilities such as the Descartes Kontainers online booking tool.”Press Release

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Descartes buys QuestaWeb for ~$36.0M