Descartes Acquires Supply Vision

Strengthens Shipment Management Capabilities on the Global Logistics Network

WATERLOO, Ontario, Jan. 06, 2023 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Supply Vision, a provider of shipment management solutions for North American Logistics Services Providers (LSPs).

Supply Vision has a long history of helping LSPs digitize their operations and manage the lifecycle of shipments. Headquartered in the US, the company provides modular applications that help LSPs coordinate shipments, from quoting, routing and booking through to final delivery. The Supply Vision platform also integrates with real-time visibility solutions, such as Descartes MacroPoint™, to provide LSPs and their end customers with enhanced information about shipment status and location.

“The momentum for digitization in the LSP community continues to accelerate,” said Scott Sangster, General Manager Logistics Services Providers at Descartes. “In order to efficiently meet customer demand while operating profitably, LSPs need to invest in solutions that automate processes across multiple parties and leverage real-time information that improves decision making. We see an opportunity to combine the Supply Vision capabilities with the Global Logistics Network and make even more solutions available for the wider LSP community.”

“The Supply Vision acquisition complements our recent investments in QuestaWeb, Kontainers and Portrix, as we look to broaden our footprint for LSPs,” said Edward J Ryan, Descartes’ CEO. “We’re looking forward to working with the Supply Vision customers, partners and team of domain experts to continue to help LSPs digitize their operations and manage the lifecycle of shipments in a secure, efficient and sustainable manner.”

Supply Vision is headquartered in Phoenix, Arizona. Descartes acquired Supply Vision for up-front consideration of approximately $USD 12 million satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $USD 3 million, based on Supply Vision achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2025 and fiscal 2026.

About Descartes Systems Group

Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure 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. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com.

Global Investor Contact
Laurie McCauley
+1-519-746-6114 x202358
investor@descartes.com

Cautionary Statement Regarding Forward-Looking Statements

This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ acquisition of Supply Vision and its solution offerings; the potential to provide customers with shipment lifecycle management solutions; the potential to combine Supply Vision’s solution offerings with other products and services of Descartes’; other potential benefits derived from the acquisition and Supply Vision’s solution offerings; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the expected future performance of the Supply Vision business based on its historical and projected performance as well as the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

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Historically Black US School Leaps Into College Gymnastics

Jordynn Cromartie entered her senior year of high school facing a daunting choice, one countless other Black gymnasts have faced for decades.
The teenager from Houston wanted to attend a historically Black college or university. And she wanted to compete in the sport she’s dedicated most of her life to.
One problem. She knew she couldn’t do both, something Cromartie brought up over Thanksgiving dinner while talking to her uncle, Frank Simmons, a member of the Board of Trustees at Fisk University, a private HBCU of around 1,000 students in Nashville, Tennessee.
“He and my aunt were like, ‘Oh you haven’t made a decision, you should come to Fisk,’” Cromartie said. “I’m like, ‘Well, they don’t have a gymnastics team.’ To go to a college that doesn’t have what I would be working for forever was crazy to me.”
Simmons, stunned, made a promise to his niece.
“Watch,” he told her. “I’ll make it happen.”
In the span of a few weeks, Simmons connected Derrin Moore — the founder of Atlanta-based Brown Girls Do Gymnastics, an organization that’d been trying to drum up support for an HBCU for years — with Fisk’s trustees. One trustee listened to Moore’s pitch and offered to make a $100,000 donation on the spot if Fisk adopted the sport.
And seemingly in a flash, all the roadblocks and misconceptions Moore had encountered while spending the better part of a decade trying to persuade an HBCU to take the leap on an increasingly diverse sport evaporated.
On Friday afternoon at Orleans Arena in Las Vegas, barely 14 months after Fisk committed to building a program from the ground up, Cromartie — now a freshman at her uncle’s alma mater — and the rest of her teammates will make history when they become the first HBCU to participate in an NCAA women’s gymnastics meet. The Bulldogs will compete against Southern Utah, North Carolina and Washington as part of the inaugural Super 16, an event that also includes perennial NCAA powers like Oklahoma, UCLA and Michigan.
“I feel like it’s nice to show that Black girls can do it, too,” Cromartie said. “We have a team that’s 100% of people of color and you’ve never seen that before anywhere. … I feel like we have a point to prove.”
The face of high-level women’s gymnastics is changing. While athletes of color have excelled at the sport’s highest level for decades, participation among Black athletes has spiked over the last 10 years thanks in part to the popularity of Olympic champions Gabby Douglas and Simone Biles.
Black gymnasts account for around 10% of scholarships at the NCAA Division I level, an increase from 7% in 2012, when Douglas became the first Black woman win to Olympic gold. More than 10% of USA Gymnastics members self-identify as Black.
It’s a massive jump from when Corrinne Tarver became the first Black woman to win an NCAA all-around title at Georgia in 1989.
“When I first went to school, there were a scattering of (Black gymnasts),” said Tarver, now the head coach and athletic director at Fisk. “One on this team, one on that team … there wasn’t a lot of African-American gymnasts around back then compared to today.”
Still, it caught Umme Salim-Beasley off guard when she began exploring her college options in the early 1990s. Salim-Beasley grew up in the Washington, D.C., area and competed in the same gym as four-time Olympic medalist Dominique Dawes. Salim-Beasley wanted to go to an HBCU. When she approached an HBCU recruiter at a college fair and told the recruiter she was a gymnast, the response she received shocked her.
“They didn’t see it as a sport for women of color,” said Salim-Beasley, who ended up competing at West Virginia and is now the head coach at Rutgers. “And that was the perception, that gymnastics was not a sport that was welcoming or had enough interest from women of color.”
Which has made the response to Fisk’s inaugural class even more rewarding.
For years, Moore and Salim-Beasley — a member of the advisory council at Brown Girls Do Gymnastics — would struggle just to set up exploratory interviews with HBCU athletics officials. In the months since Fisk’s program launched, Moore and Salim-Beasley have talked to presidents at nine HBCUs.
“People are really interested,” Moore said. “They still have a lot of questions and still not pulling the trigger, but they are reaching out.”
All of which puts Fisk in an enviable if challenging spot. The program is a beta test of sorts as other HBCUs watch from afar to see how Fisk handles the massive logistical and economic hurdles that come with launching a program.
The Bulldogs don’t have an on-campus facility and are currently training at a club gym a few miles from campus, though they are fundraising in hopes of remedying that soon. They are competing this year as an independent while waiting to get their NCAA status sorted out.
And Tarver immediately threw the program into the deep end of the pool. Their inaugural schedule includes meets at Michigan, Georgia and Rutgers.
“It would have been really easy to just put in schools that were not as strong and then make our whole schedule like that and then just hope for the best,” Tarver said. “But I didn’t want to do that. I wanted them to realize that they belong on that stage.”
In that way, Tarver is following through on her recruiting pitch last spring, when she spent hours on Zoom asking young women of color to believe in something that had never existed before.
“Basically, I pitched them on the dream,” Tarver said. “I told them they’ll be a part of history. Their names will go down in history as the first HBCU ever.”
It proved to be a far easier sell than Tarver imagined.
Morgan Price initially committed to Arkansas so she could compete with her older sister, Frankie. Yet once Fisk announced it was going to take the ambitious step of competing in 2023, Price felt drawn to the opportunity.
“Since we are the first, it’s kind of special,” Price said. “We get to build it from the ground up.”
And yes, the perks of being the first don’t hurt. Several Bulldogs appeared on Jennifer Hudson’s talk show in the fall. An Emmy-winning documentarian is following them throughout the season. The splash on social media has been sizable.
So has the splash in real life. When Price returned to her club gym in Texas shortly after committing to Fisk, the energy she felt from younger gymnasts of color as they peppered her with questions was palpable.
“They were telling me, ‘I can’t wait until I can be recruited so I can be an HBCU gymnast as well,’” Price said.
That’s the big-picture plan. Moore is optimistic several HBCU schools will follow in Fisk’s footsteps soon.
They just won’t be the first. That honor will go to the women in the blue-and-gold leotards who will salute the judges for the first time Friday, as the team filled with athletes who “come from backgrounds where they were kind of told that they weren’t as good,” as Tarver put it, makes history.
Athletes who no longer have to choose between heritage and opportunity.
“Already being an HBCU, we’re the underdogs,” Cromartie said. “We haven’t had much time to practice. We don’t have the resources of other schools yet … but we are eager to prove we can keep up with everyone else. That we belong.”

Source: Voice of America

Bills’ Hamlin Breathing on His Own, Joins Team Via Video

It was uplifting enough for the Buffalo Bills staff and players to see Damar Hamlin appear on the video screen in the team’s meeting room Friday — “larger than life,” as coach Sean McDermott put it — for the first time since the safety collapsed and had to be resuscitated on the field.
What sent everyone’s emotions over the top was hearing Hamlin, his mouth and throat still raw shortly after having a breathing tube removed, softly say: ” Love you, boys.”
“Amazing. Touching. To see Damar, No. 1, through my own eyes, I know it’s something I’ve been looking forward to, kind of needing to see,” McDermott said. “And to see the players’ reaction. They stood up right away and clapped for him and yelled some things at him. It was a pretty cool exchange.”
Four days since his heart stopped after making what appeared to be a routine tackle in a game, the 24-year-old Hamlin from his hospital room in Cincinnati and the Bills enjoyed a moment of jubilation in celebrating the next step in what his doctors have termed a remarkable recovery.
“We got our boy, man. It’s all that matters,” left tackle Dion Dawkins said.
“To see the boy’s face, to see him smile and to see him go like this in the camera,” Dawkins said, flexing his muscles to mimic Hamlin, “it was everything. And then to hear him talk, it was literally everything. That’s what we needed.”
Hamlin is now breathing and walking on his own and traded in the writing pad he had been using to communicate. Though there is no timetable for his release, Hamlin’s doctors said Thursday that both breathing on his own and showing continued signs of improvement are the final steps for him to be discharged from the University of Cincinnati Medical Center.
Hamlin spent his first two days in the hospital under sedation. Upon being awakened Wednesday evening, Hamlin was able to follow commands and grip people’s hands. The breathing tube was removed, the team said Friday, and Hamlin’s “neurologic function remains intact.”
The team did not say whether Hamlin’s status remains critical or whether he’s been moved from intensive care.
“The hair on the back of my neck stood up when he said, ‘I love you boys,'” said general manager Brandon Beane, who returned to Buffalo Thursday after spending the three days at Hamlin’s bedside along with the player’s family.
The turning point in Hamlin’s recovery, for Beane, anyway, came Thursday morning when the two exchanged hugs.
“Just to be able to hug him and the grip strength that he had,” Beane said, before recalling what he told Hamlin’s father, Mario. “I told him, I’m not a crier, but man it was emotional and a lot of grown men in there [were] crying yesterday. Something I’ll never forget.”
The sight of Hamlin collapsing, which was broadcast to a North American TV audience on ESPN’s “Monday Night Football,” has led to an outpouring of support from fans and players from across the league. Fans, team owners and players — including Tom Brady and Russell Wilson — have made donations to Hamlin’s Chasing M’s Foundation, which had raised just short of $8 million by Friday afternoon.

Source: Voice of America

Zoom Appoints Cindy Hoots to Board of Directors

SAN JOSE, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) announced that it has appointed Cindy Hoots, Chief Digital Officer and CIO of AstraZeneca, as an independent director on Zoom’s Board of Directors effective immediately.

“Zoom has changed the way companies around the world do business and is ushering in entirely new ways to transact business internationally,” said Hoots. “Global leaders have the responsibility to ensure our ecosystem of employees, partners, customers, and our community can connect and collaborate seamlessly in a sustainably responsible way. I am thrilled to join Zoom’s Board and CEO Eric Yuan, an inspirational leader with a strong vision. I believe this company has an important role in making a meaningful impact on people’s lives.”

“On behalf of Zoom’s Board of Directors, I am excited to welcome Cindy to the team,” said Zoom Founder and CEO Eric S. Yuan. “Cindy’s experience leading large global companies in highly regulated and complex industries will bring tremendous value to our company. As Zoom continues to grow and innovate within the healthcare sector, we look forward to Cindy’s perspectives and contributions.”

About Cindy Hoots
Ms. Hoots has served as the Chief Digital Officer and Chief Information Officer at AstraZeneca PLC, a pharmaceutical company, since January 2020. From January 2018 to December 2019, she served as Global Vice President of Technology of Unilever PLC, a multinational consumer goods company. Prior to joining Unilever, Ms. Hoots served as Vice President of Next Generation Products, Commercial, and Digital Transformation at British American Tobacco plc from 2016 to 2018. She also spent 16 years at Mars, Incorporated. Ms. Hoots received a B.S. in Computer Information Systems from DeVry Institute of Technology.

About Zoom
Zoom is for you. Zoom is a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for individuals, small businesses, and large enterprises alike. Founded in 2011, Zoom is publicly traded (NASDAQ: ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Zoom PR
Colleen Rodriguez
Head of Global PR
press@zoom.us

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