M&A Deal Summary

The Descartes Systems Group Acquires MacroPoint

On August 15, 2017, The Descartes Systems Group acquired software company MacroPoint from Susquehanna Growth Equity for 107M USD

Acquisition Highlights
  • This is The Descartes Systems Group’s 15th transaction in the Software sector.
  • This is The Descartes Systems Group’s 2nd largest (disclosed) transaction.
  • This is The Descartes Systems Group’s 17th transaction in the United States.
  • This is The Descartes Systems Group’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2017-08-15
Target MacroPoint
Sector Software
Buyer(s) The Descartes Systems Group
Sellers(s) Susquehanna Growth Equity
Deal Type Add-on Acquisition
Deal Value 107M USD

Target

MacroPoint

Cleveland, Ohio, United States
website
MacroPoint LLC is an electronic transportation network providing location-based truck tracking and predictive freight capacity data content. MacroPoint LLC was established in 2009 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

The Descartes Systems Group

Waterloo, Ontario, Canada

website


Category Company
Founded 1981
Sector Software
Employees1,334
Revenue 486M USD (2023)
DESCRIPTION

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.


DEAL STATS #
Overall 31 of 49
Sector (Software) 15 of 18
Type (Add-on Acquisition) 31 of 49
State (Ohio) 2 of 3
Country (United States) 17 of 27
Year (2017) 3 of 3
Size (of disclosed) 2 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-02 PCSTrac

Philadelphia, Pennsylvania, United States

PCSTrac, Inc. is a provider of specialty retailer and their logistics software service to improve carton-level visibility for shipments from distribution centers (DCs) to stores. PCSTrac is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Aljex

Somerville, New Jersey, United States

Aljex is a cloud-based provider of back-office transportation management solutions for freight brokers and transportation providers. Aljex has built a robust platform backed by deep domain expertise. Aljex is based in Somerville, New Jersey.

Buy $32M

Seller(S) 1

SELLER

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $5 to $50 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 15 of 30
Sector (Software) 3 of 7
Type (Add-on Acquisition) 10 of 19
State (Ohio) 1 of 1
Country (United States) 13 of 26
Year (2017) 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-14 BuildOut

Chicago, Illinois, United States

BuildOut is a commercial real estate marketing software company that provides SaaS-based marketing and customer relationship management software to commercial real estate brokerages. Buildout’s software is designed to manage the entire sale or lease process of a property from initial prospecting to the ultimate closing, including automating the creation of marketing materials, reaching prospective buyers and tenants, powering brokerage listings pages, and sharing transactional documents with all involved parties in a transaction. BuildOut was formed in 2010 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 HighRadius

Houston, Texas, United States

HighRadius is an enterprise Software-as-a-Service (SaaS) company. The HighRadius Integrated Receivables platform optimizes cash flow through automation of receivables and payments processes across credit, collections, cash application, deductions, electronic billing, and payment processing. Powered by the Rivana™ Artificial Intelligence Engine, HighRadius™ Integrated Receivables enables teams to leverage machine learning for accurate decision making and future outcomes. HighRadius was established in 2006 and is based in Houston, Texas.

Buy -