Descartes Acquires Oz Development to Strengthen eCommerce Fulfillment Capabilities
Bowen Advisors Serves as M&A Advisor to Oz
BOSTON, December 1, 2015 – Bowen Advisors is pleased to announce that Oz Development, Inc. (Oz), a leading provider of cloud-delivered application and data integration solutions for SMBs, has been acquired by Descartes Systems Group (Nasdaq: DSGX; TSX: DSG). Bowen Advisors acted as the exclusive sellside M&A advisor to Oz.
For over 10 years, Oz has been helping a growing SMB community connect to, and integrate with, leading ERP, CRM, eCommerce and supply chain platforms. Oz’s strong relationships with key SMB channel partners, such as UPS and NetSuite, have helped it build this community to include nearly 7,000 end customers. Oz’s solutions address a number of pain points for eCommerce shippers by automating logistics and supply chain processes, including order fulfillment, inventory management/scanning, and shipping.
“Oz’s sale to Descartes highlights the growing need for businesses of all sizes to integrate cloud-based and on-premise applications, enabling the automation of mission critical business processes,” said Bob Cronin, Managing Director of Bowen Advisors. “This transaction reinforces our focus on the increasingly important enterprise information management (EIM) sector, including data discovery, big data, business intelligence, advanced analytics and application/data integration solutions. As M&A activity accelerates in this rapidly growing sector, we look forward to achieving exceptional outcomes for innovative EIM companies and their investors.”
Click here for Descartes’ press release.