Descartes acquires trade data specialist Datamyne
January 5, 2017
Canadian logistics network operator Descartes has acquired Miami based trade data intelligence firm Datamyne. The acquisition deepens Descartes' logistics and trading offering, complementing Descartes' cloud based logistics operations with trade and market research data and intelligence.
Founded in 1992, Datamyne, primarily operating in the U.S. and South America, collects, cleanses and commercializes logistics trade data from over 50 nations across 5 continents, including markets in North America, Latin America, Asia, Africa, and the European Union. More than 100 million records are gathered each year from official filings with customs authorities and trade ministries. Subscribers use Datamyne’s web-based solutions and business intelligence tools to speed up and simplify trade data research, and to shape global marketing, prospecting, and sourcing strategies.
Datamyne's flagship product is data on waterborne trade between the US and some 240 distinct geographical markets. Sourced from maritime bills of lading, the data covers the details of transactions including cargo descriptions, ports of departure and arrival, and shipping lines, as well as the names of importing companies and foreign suppliers.
The company also has particularly strengths in South American trade data. It was founded in Uruguay and initially focused on import-export trade of Mercosur, the South American trading bloc.
Descartes operates a B2B logistics multi-modal network. Its platform integrates a cloud based logistics networks covering multiple transportation modes with a range of modular, interoperable web and wireless logistics management applications. Its customers use its software-as-a-service solutions to plan and manage logistics operations in 160 countries.
Descartes says that integrating its operations with Datamyne will provide shippers, intermediaries and carriers with the ability to manage the complete life-cycle of a shipment. This includes: researching potential trade and logistics partners; classifying goods appropriately and submitting compliant documentation; and moving goods efficiently and securely.
“Datamyne is the market leader for logistics trade data with extensive geographic coverage, deep content domain expertise, and proven applications that provide a powerful and intuitive user experience,” said Brendan McCahill, CEO of Datamyne and now SVP of Trade Data Content solutions at Descartes. “Many Datamyne customers who use our solutions to make informed decisions about sourcing and shipping activity also use Descartes’ Global Logistics Network to manage and execute the resulting shipments. Datamyne and Descartes are a natural combination that can bring positive benefits to our respective customers, and creates a truly differentiated offering in the market.”
“Datamyne broadens our trade data content footprint beyond customs and regulatory data and into logistics trade data,” said Edward J Ryan, Descartes’ CEO. “This enables Descartes’ customers to make even better decisions using the Global Logistics Network, and gives Datamyne customers access to the leading platform for shipment execution.”