Descartes Buys Finale Inventory For $40M

SaaS
Written By Rick Watson

Descartes Systems Group is a Canadian multinational technology company that provides cloud-based logistics and supply chain management solutions for businesses globally.

Descartes has announced that it will acquire Finale Inventory, a cloud-based inventory management solution, for $40 million and a potential post-acquisition earnout of up to $15 million. Descartes is widening its solution and now has a solution for small and mid-sized e-commerce sellers.

Yahoo Finance: Descartes buys e-commerce inventory management platform for $40M

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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