June 30, 2020 - The COVID-19 pandemic has resulted in the imposition of safety measures by governments around the world, including that in Canada, to protect the health of their citizens. Similarly, businesses have imposed safety measures to protect their employees. These measures include restrictions on...
Descartes Systems Group Acquires Visual Compliance for $330 Million
Davies acted for Management Systems Resources Inc. in the sale of its Visual Compliance and eCustoms business to Descartes Systems Group for $330 million.
Based in Toronto, Visual Compliance is a leading provider of automated global trade compliance software solutions, with a focus on denied and restricted party screening. It serves over 2,000 customers with over 67,500 subscribers operating in over 100 countries.
The deal was completed on February 12, 2019.
June 15, 2020 - With much of the world focused on the immediacy of the COVID-19 pandemic, including its heavy human and economic toll, we have cast our eyes optimistically on the (near, we hope) future when companies regain sufficient confidence to re-enter the public M&A market in large numbers. Although...