Descartes Systems Group

Descartes Systems Group (TSX: DSG) is a global provider of cloud-based software solutions for logistics-intensive businesses. Founded in 1981 and headquartered in Waterloo, Ontario, Descartes offers software-as-a-service (SaaS) products to help companies route, schedule, track and measure delivery resources, plan and execute shipments, rate and audit transportation invoices, and complete other logistics processes.

Descartes' key offerings include:

• Global Logistics Network (GLN) - A collaborative multi-modal logistics community

• Transportation Management - Solutions for routing, mobile and telematics

• Supply Chain Execution - Warehouse and inventory management software

• Global Trade Content - Regulatory compliance and customs filing solutions

• Logistics and Supply Chain Visibility - Real-time tracking and analytics tools

The company serves over 24,000 customers globally across industries such as transportation, retail, manufacturing, and distribution. Some notable clients include Air Canada, The Home Depot, UPS, and DHL.

In recent years, Descartes has pursued an active acquisition strategy to expand its capabilities. In April 2023, the company acquired Localz, a customer engagement platform for last-mile delivery. In February 2023, Descartes purchased GroundCloud, a final-mile logistics solutions provider, for USD 138 million. The company has also expanded internationally, acquiring Dublin-based Aerospace Software Developments in April 2024 for approximately CAD 83 million to enhance its customs declaration software offerings.