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DSGX News
DSGX Events
Descartes Reports Q2 Revenue of $201.1M, Exceeds Expectations
Reports Q2 revenue $201.1M, consensus $199.5M. "Today's supply chains and logistics operations need to be agile in the face of an increasingly dynamic global trade environment," said Edward J. Ryan, Descartes' CEO. "Having a broad scope of solutions on our Global Logistics Network is imperative to help isolate our customers from complexity, bringing together the data and domain expertise required to efficiently manage the lifecycle of shipments. We will continue to make investments into our business to add more capabilities and data onto our network, and we are looking forward to demonstrating the next generation of Descartes solutions at our Innovation Forum next month."
Descartes Acquires Extensiv for Approximately $120M
Descartes Systems announced the acquisition of Extensiv. Extensiv is headquartered in California. Descartes acquired Extensiv for approximately $120M, satisfied from cash on hand.
Descartes Systems Aids K&R International in Automating EU Security Filings
Descartes Systems announced that Michigan-based K&R International Services, K&R, is using Descartes' global security filing solution to automate European Union Import Control System 2 security filings for charter cargo carriers carrying large volumes of individual ecommerce shipments. With the Descartes solution, K&R can standardize high-volume ecommerce air shipment data and automate hundreds of thousands of regulatory submissions per month, helping the company manage tight air cargo security processing windows and maintain responsive customer service as volumes grow.
Descartes Acquires Tai for Approximately $100M
Descartes Systems announced the acquisition of Tai. Tai provides an AI-powered transportation management platform that serves as the system of action for freight brokers, orchestrating the entire shipment lifecycle across truckload, less-than-truckload, drayage, and cross-border operations. Tai is headquartered in California. Descartes acquired Tai Software for approximately $100M, satisfied from cash on hand.
Descartes Acquires Drivin for Approximately $30 Million
Descartes Systems announced the acquisition of Drivin. Drivin is headquartered in Santiago, Chile. Descartes acquired Drivin for up-front consideration of approximately $30M satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $5M, based on the combined business achieving revenue-based targets in the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2029.
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