Descartes Expands in Asia.Business Editors & High Tech Writers SHANGHAI, China--(BUSINESS WIRE)--Dec. 11, 2002 Opens office in Shanghai, China; Hires Greater China Managing Director; Forms Relationship with EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. 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 the expansion of its Asia Pacific operations with the opening of a new office in Shanghai, China, the hiring of a managing director for Greater China and the forging of a relationship with EDS for North Asia North Asia or Northern Asia is a subregion of Asia. The most common definition of the term is;
Descartes' (DSG) Shanghai office will serve as a gateway for further business development in Greater China. Currently considered a market leader in Asia by ARC Advisory Group in its April 2002 report, Transportation Management Systems Worldwide Outlook, DSG will leverage the Shanghai office to continue building upon emerging market opportunities in Greater China; a region quickly growing in importance for many third-party logistics A third-party logistics provider (abbreviated 3PL) is a firm that provides outsourced or "third party" logistics services to companies for part, or sometimes all of their supply chain management function. providers, manufacturers and international consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and technology companies. Ivy Hsu, a veteran of the Asia-Pacific supply chain and technology industry, will lead the Shanghai office as managing director for Greater China. Hsu brings in-depth experience in supply chain technology and logistics having successfully led operations and developed business for E2Open, i2 Technologies and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . "The expansion of our Asian operations with the opening of the Shanghai office, the appointment of Ivy Hsu and our newly formed relationship with EDS provides us with an opportunity to forge stronger ties with the community and get closer to both our valued partners and customers in the region," said Manuel Pietra, DSG's co-chief executive officer and president. In support of the Company's strategy to nurture relationships with customers in the Asia Pacific region DSG has formed a relationship with EDS combining the company's information technology (IT) services in North Asia with DSG's portfolio of logistics solutions. Bringing over 40 years of IT consulting, solutions and services experience to businesses around the world, EDS offers a wide range of IT services designed to increase productivity, improve competitiveness and deliver measurable business results. Under the terms of the agreement, EDS will offer and provide implementation services for DSG's Network-Based Logistics and Logistics Software solutions helping to drive operational efficiencies in the enterprise and extended supply chain for businesses throughout North Asia and China. Commented Alex Wong, president, EDS China, "Bringing the strengths of EDS and DSG together delivers a compelling value proposition for businesses in North Asia and China. We look forward to working with DSG to deliver industry leading logistics solutions to help Chinese companies Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan):
"By leveraging the strength of the EDS brand in combination with the company's integration expertise, we can now better address the growing demand for DSG solutions in the region," said Kevin Taylor, DSG's general manager of Asia Pacific. "We are pleased to work with a services provider of such high quality to aid in the delivery of trusted logistics solutions to North Asia." EDS will join representatives from DSG, the Canadian Consulate General and the local business community in a DSG Shanghai office opening ceremony this evening. Located at 31/F Jin Mao Tower 88 Shi Ji Avenue, Pudong, Shanghai 200120 the DSG office can be reached at Tel: +86 21 2890 9066 or Fax: + 86 21 2890 9125. About EDS EDS, the leading global services company, provides strategy, implementation, business transformation and operational solutions for clients managing the business and technology complexities of the digital economy. EDS brings together the world's best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers' trust and continuously seek improvement. EDS, with its subsidiaries, serves the world's leading companies and governments in 60 countries. EDS reported revenues of $21.5 billion in 2001. The company's stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange :EDS) and the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) is a trusted provider of logistics management technology. In more than 60 countries Descartes' (DSG) 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. This release contains statements that relate to Descartes' geographic expansion, its relationship with EDS and the expected results therefrom, and other matters that may constitute forward-looking statements that involve risks and uncertainties. Descartes' actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in 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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