by Jonathan Yaniv | May 1, 2017 2:07 pm
WATERLOO, Ontario, May 02, 2017 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Rogers Corporation, a global technology leader in engineered materials, has expanded its use of the Descartes MK Dynamic Screening™ solution to include Rogers’ integration of acquisitions, to mitigate the risk of conducting business with parties that may be subject to trade restrictions.
“Part of Rogers’ strategy for growth includes synergistic acquisitions and Descartes’ denied party screening solution helps us assess the compliance history of acquired companies,” explained Benjamin Buckley, Associate General Counsel & Director of Global Compliance and Integrity at Rogers Corporation. “Once acquisitions are integrated into the broader organization, they become subject to our corporate compliance practices. Descartes’ solution is used to dynamically and regularly screen all of the acquisition’s customer and vendor relationships to help mitigate the risk of transacting with sanctioned or restricted parties.”
When acquiring or merging with a business, companies take on compliance requirements for the acquired entity. With Descartes MK Denied Party Screening™ solutions, companies can automatically screen customer, vendor, supplier and employee data against a comprehensive database of restricted parties based on lists maintained by government agencies and international organizations. Organizations of all sizes can tailor screening to fit unique risk parameters and flag potential issues for resolution. Descartes’ solutions can also be integrated with other enterprise systems to streamline interdepartmental information sharing.
“We’re pleased that our solution is an integral part of Rogers’ global compliance practice,” said Ken Harris, Head of Denied Party Screening at Descartes Systems Group. “While often overlooked, acquisitions possess additional compliance risk. Given penalties for non-compliance can include fines, revocation of export privileges and criminal charges, using denied party screening with acquisitions helps companies, like Rogers, minimize regulatory exposure.”
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global technology leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable clean energy, Internet connectivity, advanced transportation and other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, vehicle electrification, and alternative energy; Elastomeric Material Solutions for sealing, vibration management, and impact protection in mobile devices, transportation interiors, and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety, and radar systems. Headquartered in Connecticut (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide. For more information, visit www.rogerscorp.com.
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.
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’ solution offering and potential benefits derived therefrom; 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 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.
CONTACT: Global Media Contact Mavi Silveira Tel: +1(800) 419-8495 ext. 202416 [email protected]
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