Clearwater has advised Aerospace Software Developments & Thyme-IT (ASD), a leading provider of customs and regulatory compliance software solutions, on its sale to Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX) (Descartes), the global leader in uniting logistics-intensive businesses in commerce.
Based in Dublin, Ireland, ASD provides customs declaration software solutions for logistics services providers (LSPs) and shippers, as well as RFID solutions that help the air logistics community track assets. The company’s customs filing solutions, operating under the brand Thyme-IT, help importers, exporters, and logistics services providers comply with Irish regulatory requirements for imports and exports in a secure and efficient manner. In addition, ASD’s RFID solutions help global airlines and ground handlers eliminate manual tasks and comply with various airline regulations more efficiently through the unique identification, tagging, and tracking of assets.
Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security, and sustainability of logistics-intensive businesses. Headquartered in Ontario, Canada, and with offices and partners around the world, Descartes helps customers to route, track, and improve the safety, performance, and compliance of delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community.
