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GEP, a provider of supply chain strategy and software, announced March 8 it agreed to acquire Datamark International Ltd. of Bermuda.

The deal is expected to close in the first quarter, pending regulatory approvals. Financial terms were not disclosed.

Through the transaction, Clark-based GEP will acquire Costdrivers, a supply markets forecasting, pricing trends and cost-modeling platform, as well as procurement intelligence and data science firm Datamark Ltd., based in Sao Paolo, Brazil.

“GEP customers can access the powerful big data analytics and machine-learning enhanced insights of one of the most powerful cost and pricing forecasting platforms available anywhere,” GEP CEO Subhash Makhija said in a statement. “While GEP’s consulting and managed services teams are already leveraging Costdrivers to deliver game-changing results, we will also enable GEP software customers to leverage the platform by eventually incorporating its powerful functionality into their GEP SMART and GET NEXXE digital procurement and supply chain management platforms.”

Makhija added, “We are particularly excited by the opportunity that the platform affords customers to drive more sustainable sourcing and procurement operations in a wide range of industries and sectors.”

Costdrivers, which has more than 200 customers in 40 countries, tracks more than 50,000 commodities and operating supplies in markets all over the world.

Meanwhile, Datamark Ltd. has focused mainly on the Brazilian market with specialized procurement data on consumer products, packaging and industrial inputs. Brazil has the 12th largest economy in the world, and Datamark has more than 25% of Brazil’s top 1,000 companies as customers, according to the announcement.