Apr. 02, 2020 - Businesses, regardless of size, charities and non-profit organizations whose revenues have decreased by at least 30% because of the COVID-19 pandemic are now eligible to apply for the Canada Emergency Wage Subsidy. The subsidy is retroactive to March 15, 2020 and covers up to 75% of wages (up to...
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.
Mar. 30, 2020 - The emergence of COVID-19 has sent a shock wave through the world economy, resulting in significant disruption in the financial markets, the shuttering of entire industries, and the lockdown of major cities across the globe. As a result, many national governments are applying every policy tool...