Utah-based XPS Technologies (XPS), a leading provider of multi-carrier ecommerce parcel shipping technology and solutions has been acquired by Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, in a transaction valued at up to $USD 140 million over two years.
XPS provides its cloud-based multi-carrier parcel shipping solutions directly to small-, medium- and large-sized ecommerce shippers. It also provides a white-label shipping platform to logistics services providers. The XPS platform helps customers streamline their ecommerce supply chain and reduce transportation costs by automatically importing orders, comparing carrier rates, printing shipping labels for all major carriers, and tracking through final delivery. The XPS platform is even more powerful with its integrations to leading ecommerce marketplaces, ERP providers and supply chain platforms.
“John Cooper and Susan Blanco were highly instrumental in enabling XPS to accomplish this monumental transaction. Carlsquare’s deep expertise in both the ecommerce and enterprise software industries enabled us to secure the ideal strategic partner to significantly enhance the trajectory of our business in both domestic and international markets.” said Wasaga Clack, CEO of XPS Technologies.
“XPS complements our significant recent investments in the ecommerce fulfillment and shipping solutions domain,” said Edward J. Ryan, Descartes’ CEO. “We welcome the XPS customers, employees and partners to the Descartes community and, together, look forward to helping the community manage the full lifecycle of domestic and international ecommerce shipments.”
Capital Clarity acted as exclusive financial advisor to XPS Technologies in its acquisition by Descartes Systems Group. Carlsquare and Capital Clarity merged in 2023.
