Descartes Systems Group And T-Systems Partner In Logistics Solutions; Companies to Engage in Joint Marketing, Sales and Operations Activities.Business Editors/High-Tech Writers MUNICH, Germany--(BUSINESS WIRE)--May 21, 2003 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 it will jointly engage in marketing, sales and operations activities with T-Systems, a division of Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. and Europe's second largest integrated systems provider. Providing end-to-end supply chain and logistics connectivity for buyers, suppliers, logistics providers and carriers, this relationship will strengthen the reach and breadth of the Descartes Global Logistics Services Network(TM) (GLSN) in key parts of Europe and, in particular, in Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. where T-Systems is headquartered. Combining the implementation and integration expertise of T-Systems in concert with the capabilities of Descartes solutions and the GLSN will drive competitive advantage for organizations looking to improve operational efficiencies and gain visibility into information exchanges between suppliers and partners. Leveraging its strong installed base, this alliance will enable T-Systems to market Descartes' network-based logistics portfolio including Descartes Contract Management(TM), Descartes Global Visibility and Inventory Control(TM), and Descartes Transportation Management(TM) to its worldwide customer base. Within this partnership, T-Systems offers to its customers value-add eLogistics services. Integrating these eLogistics services enables the comprehensive integration - and thus optimization - of procurement, sourcing and logistics processes. In connection with the T-Systems exchange platform, business processes can be coupled and outsourced much more extensively than ever before. "As the speed of business accelerates and sales channels diversify, transportation is faced with an increasingly complex challenge - to deliver goods faster through the supply chain and ultimately to the customer, while minimizing costs to increase profitability," said Ad van der Meys, Senior Executive Vice President, responsible for Network Services Solution and Product Management, T-Systems. "Descartes' logistics solutions are proven to deliver measurable results and we value our new alliance in providing these best-of-breed technologies to companies throughout Europe." "Descartes' alliance with T-Systems, one of Europe's largest systems integrators, will provide us with an opportunity to continue building out the reach of the GLSN while expanding awareness of Descartes' full portfolio of logistics solutions to parts of Europe and Central Europe," said Manuel Pietra, Descartes' chief executive officer and president. About T-Systems T-Systems is one of Europe's foremost ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. service providers. Within the Deutsche Telekom Group, the company serves the largest business clients. With a workforce of about 43,500, T-Systems is located in more than 20 countries worldwide. In 2002, the company posted sales of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 11.3 billion and an adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
The purpose of T-Systems' solutions is to achieve sustained improvement in the business competitiveness of its customers in the industry sectors telecommunications, services and finance, public and healthcare as well as manufacturing. For its customers, the company optimizes processes, cuts costs and improves earnings, making targeted use of industry expertise and cutting-edge technology. Its services range from the integration of new ICT solutions into existing customer systems, through the implementation and operation of desktop systems, data centers and networks, all the way to telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. and solutions for international carriers. For more information about the company and its services, see www.t-systems.com. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) is a trusted provider of 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 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. This news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or the developments in the Company's business or its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, failure of the alliance activities to be performed or realized, global economic and political conditions, and other factors discussed in the section entitled "Risk Factors" in documents filed with the Securities 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 Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . Forward-looking statements are based on management's current plans, estimates, opinions and projections as of the date they are made, and the Company does not undertake to update forward-looking statements if assumptions of these plans, estimates, opinions or projections should change. |
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