Descartes Systems Group Acquires PackageRoute For ~$2M, Satisfied From Cash On Hand

Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired PackageRoute, a leading provider of final-mile carrier solutions.

Based in the US, PackageRoute's mission is to simplify and optimize the daily operations of final-mile carriers. The company offers a mobile and web-based platform that provides real-time visibility into package deliveries, route optimization, and fleet management. PackageRoute's software integrates seamlessly with pickup and delivery data, enabling contractors and drivers to make better-informed decisions and operate more efficiently.   

Descartes GroundCloud helps ensure seamless operations, end-to-end visibility, and standards of safety and compliance are met, including helping final-mile carriers comply with the various safety mandates of large transportation brands.

PackageRoute is headquartered in Sammamish, WA. Descartes acquired PackageRoute for approximately US $2 million, satisfied from cash on hand.