Descartes acquires Peoplevox
Descartes Systems Group has acquired Peoplevox, a provider of cloud-based ecommerce warehouse management solutions. Headquartered in the UK, Peoplevox serves direct-to-consumer ecommerce customers around the world.
Peoplevox’s web-based eWMS and ecommerce fulfilment solutions help customers seamlessly connect to webshop front ends, translate order information into a mobile-driven pick & pack process within the warehouse and then feed parcel delivery systems for shipment execution.
“Like our investments in Oz, pixi and Ship Rush, Peoplevox adds density and domain expertise to what is an increasingly important area of our business – ecommerce,” said Edward Ryan, Descartes’ CEO.
Descartes acquired Peoplevox for GBP 19.4 million (USD 25.2 million), net of working capital, satisfied from cash on hand and Descartes’ existing line of credit. (mw)