ARC Advisory Group Names Descartes Market Leader In Transportation Management Solutions.Business Editors WATERLOO, Ontario--(BUSINESS WIRE)--May 22, 2002 Transportation management solutions market expected to double by 2006 The Descartes Systems Group Inc., (Nasdaq:DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra ), (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) ), a trusted provider of logistics solutions, today announced that research conducted by ARC Advisory Group, a leading industry analyst firm, has named Descartes the number one supplier of transportation management solutions worldwide. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. ARC's April 2002 report, Transportation Management Systems Worldwide Outlook, Descartes has captured the leading market share of transportation management solutions in a market expected to double to over $1.6 billion by 2006. Descartes was ranked number one worldwide in several sub categories including procurement, fleet management solutions and supply chain process management (SCPM SCPM Supply Chain Process Management SCPM Supply Chain Performance Management SCPM Stanford Certified Project Manager (Stanford Advanced Project Management) SCPM Smart Card Personalization Manager SCPM Stars Composite Process Model ) solutions and was also the overall leader in the following market regions: Asia Pacific, Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the (EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. ). "Instead of creating yet another three-letter acronym three-letter acronym - (TLA) The canonical self-describing abbreviation for the name of a species with which computing terminology is infested. Examples include MCA, FTP, SNA, CPU, MMU, DMU, FPU, TLA. For a complete list of the TLAs in this dictionary, see TLAs. , I chose to work within the framework of transportation management systems," said Adrian Gonzalez For Adrián González footballer, please click here. Adrian Gonzalez (born May 8, 1982 in San Diego, California) is a Major League Baseball first baseman for the San Diego Padres. He was the first overall pick in the 2000 draft by the Florida Marlins. , senior analyst, ARC Advisory Group. "It's clear, however, that the traditional definition of TMS TMS Transcranial Magnetic Stimulation (alternative medicine for depression) TMS Test Match Special (sports - cricket) TMS Texas Motor Speedway TMS Transportation Management System TMS Toyota Motor Sales (Optimization) is no longer valid in light of the changes that have occurred relative to technology, functionality and deployment options. For example, leading vendors like Descartes are incorporating multimodal Two or more modes of operation. The term is used to refer to a myriad of functions and conditions in which two or more different methods, processes or forms of delivery are used. On the Web, it refers to asking for something one way and receiving the answer another; for example requesting transportation management, routing and scheduling, carrier contract and shipment management, global visibility and inventory control, thereby creating a more complete logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet solution." ARC defines transportation management systems as software solutions that facilitate the procurement of transportation services, the short-term planning and optimization of transportation activities, and the execution of transportation plans. Transportation management includes six categories: procurement, planning & execution, fleet management, international trade, parcel shipping and SCPM. It also includes continuous analysis and collaboration. Gonzalez continued: "Descartes' success can be attributed to the company's key differentiators, including its ability to provide network-based logistics solutions via a subscription-based pricing model; its expertise in fleet management and wireless solutions; and its contract management and rating capabilities. With license fees shrinking and hosted networks and solutions gaining momentum, Descartes is well-positioned to remain a leader in the market given its recurring revenue pricing model and the scope of its Global Logistics Services Network." Research Methodology Forecasts are based on a number of factors, including historical growth, technology and economic trends, supplier feedback, end-user comments, and ARC's assessment of each segment's potential for growth. Dollar forecasts assume an inflation rate of three percent. ARC calculates base year market size in terms of calendar year shipments by industry participants, not by bookings or orders. Market share figures are derived from license, services, maintenance, and recurring revenues (e.g. transaction, subscription, and hosting fees); hardware revenues are excluded, along with margins earned by system integrators, distributors, and other third parties involved in product distribution. Data on market size, market shares, and segmentations are derived mainly from interviews with over 45 TMS suppliers around the globe. About ARC Market Outlook Study The ARC Market Outlook Study entitled Transportation Management Systems Worldwide Outlook: Market Analysis and Forecast through 2006 is a global study of the transportation management solutions market. The study also includes market shares by solution type, geographic region, customer tier and vertical industry plus forecasts and supplier profiles. About ARC Advisory Group ARC Advisory Group provides strategic planning and technology assessment services to leading manufacturing companies, utilities and global logistics providers, as well as to software and solution suppliers worldwide. From Global 1,000 companies to small start-up firms, ARC has the strategic knowledge needed to success in today's technology driven economy. Further information can be obtained from Maryanne Flynn at ARC, Three Allied Drive, Dedham, MA 02026, 781-471-1160, Fax 781-471-1060, E-mail mflynn@arcweb.com, Web www.arcweb.com. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) is a trusted provider of logistics management technology. In over 60 countries Descartes' leading logistics solutions drive operational efficiency, enhance customer responsiveness and improve precision in purchasing for global organizations. For more information, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. Statements in this release include forward-looking statements relating to market size, market share and market outlook made under the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements include statements regarding Descartes' leading market share of the transportation management solutions market. These statements were not made by Descartes and are neither promises nor guarantees, but involve risks and uncertainties that may cause actual market share and market size results to differ. In particular, projections of market growth may not materialize, competitors may introduce solutions that erode Descartes' market share and customer preferences may change. For further information regarding risks and uncertainties associated with Descartes' business, please refer to Descartes' documents filed with the Securities and Exchange Commission, the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and other securities commissions across Canada. |
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