The Descartes Systems Group - M&A Summary and Business Overview

SoftwareCompany

The Descartes Systems Group M&A Summary

The Descartes Systems Group has acquired 55 companies, including 20 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

The Descartes Systems Group’s largest acquisition to date was in 2023, when it acquired GroundCloud for $138M. The Descartes Systems Group has acquired in 15 different US states, and 11 countries. The Company’s most targeted sectors include software (38%) and internet software and services (34%).

The Descartes Systems Group Business Overview

Where is The Descartes Systems Group headquartered?

The Descartes Systems Group is headquartered in Waterloo, Ontario.

What is The Descartes Systems Group’s revenue?

The Descartes Systems Group disclosed revenue of 486M USD for 2023 and 425M USD for 2022.

How many employees does The Descartes Systems Group have?

The Descartes Systems Group has 1,334 employees.

What sector is The Descartes Systems Group in?

The Descartes Systems Group is a software company.

When was The Descartes Systems Group founded?

The Descartes Systems Group was founded in 1981.

M&A Summary

  • M&A Total Activity55
    • M&A Buy Activity54
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 7
  • M&A Advisors 1

The Descartes Systems Group

The Descartes Systems Group, Inc.

120 Randall Drive ,
Waterloo, Ontario N2V 1C6
Canada,
(519) 746-8110
www.descartes.com

The Descartes Systems Group is a provider of on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. The Descartes Systems Group was founded in 1981 and is based in Waterloo, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.2/yr) # 38 3 2 3 3 5 54
vol $474M $60M $61M $44M $156M $274M $1.1B
Sell (0.0/yr) # 1 - - - - - 1
  55

Most Recent M&A

Company Date Value Type
At Software Developers LLC 2024-10-14 110M USD Add-on Acquisition
Cranbury, New Jersey · www.sellercloud.com
Assure Assist, Inc. 2024-09-18 - Add-on Acquisition
Simi Valley, California · www.mycarrierportal.com
BoxTop Technologies Ltd. 2024-06-11 13M USD Add-on Acquisition
Windsor, United Kingdom · www.boxtop.net
Aerospace Software Developments 2024-04-22 61M USD Add-on Acquisition
Dublin, Ireland · www.asd.ie
OCR Services, Inc. 2024-03-28 90M USD Add-on Acquisition
Rockville, Maryland · www.ocr-inc.com
Localz Pty Ltd. 2023-04-20 6M USD Add-on Acquisition
Melbourne, Australia · www.localz.com
GroundCloud 2023-02-14 138M USD Add-on Acquisition
Minneapolis, Minnesota · www.groundcloud.com
Supply Vision, Inc. 2023-01-06 12M USD Add-on Acquisition
Phoenix, Arizona · www.supply-vision.com
XPS Technologies LLC 2022-06-06 - Add-on Acquisition
Cottonwood Heights, Utah · www.xpsship.com
Foxtrot Ventures, Inc. 2022-04-21 4M USD Add-on Acquisition
Chicago, Illinois · www.foxtrotco.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 20 (37%) 266M (25%) - -
Internet Software and Services 18 (33%) 475M (44%) 1 (100%) -
Information Technology 10 (19%) 312M (29%) - -
Transportation 3 (6%) - - -
Business Services 2 (4%) 5M (< 1%) - -
Technology Hardware 1 (2%) 11M (1%) - -
Total 54 $1.1B 1 -

By Geo

State/Country Buy Value Sell Value
United States 30 821M - -
  New Jersey 6 185M - -
  Maryland 3 166M - -
  California 3 2M - -
  Ohio 3 118M - -
  Minnesota 2 138M - -
  Arizona 2 52M - -
  Utah 2 42M - -
  Pennsylvania 2 - - -
  Massachusetts 1 30M - -
  Illinois 1 4M - -
  Florida 1 53M - -
  Colorado 1 26M - -
  Washington 1 - - -
  Texas 1 6M - -
  New York 1 - - -
United Kingdom 7 82M - -
Canada 5 45M 1 -
  Ontario 4 37M - -
  Quebec 1 8M 1 -
Australia 2 9M - -
Germany 2 35M - -
Netherlands 2 3M - -
Switzerland 2 - - -
Belgium 1 - - -
Ireland 1 61M - -
New Zealand 1 - - -
Norway 1 13M - -
Domestic 5 (9%) 45M (4%) 1 (100%) -
Cross-border 49 (91%) 1.0B (96%) - -
Total 54 $1.1B 1 -

Top M&A Advisors

Financial Deals
Triple Tree LLC
1

Deal Values

buy # Total
$100M to $1B 3 $355M
< $100M 32 $714M
TOTAL $1.1B
Largest GroundCloud
$138M (2023-02-14)

M&A Connections

Deals
Acquired from
Investor(s)
7%
4 (7%)
Strategic(s)
2%
1 (2%)
Divested to
Strategic(s)
100%
1 (100%)

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