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  6. Descartes Labs Acquires Geosite

M&A Deal Summary

Descartes Labs Acquires Geosite

On April 2, 2024, Descartes Labs acquired internet software and services company Geosite

Acquisition Highlights
  • This is Descartes Labs’ 1st transaction in the Internet Software and Services sector.
  • This is Descartes Labs’ 1st transaction in the United States.
  • This is Descartes Labs’ 1st transaction in California.

M&A Deal Summary
Date 2024-04-02
Target Geosite
Sector Internet Software and Services
Buyer(s) Descartes Labs
Deal Type Add-on Acquisition

Target

Geosite

Palo Alto, California, United States
Geosite is a SaaS provider of geospatial intelligence to property and casualty insurance companies. Geosite's platform meticulously aggregates visualizes, and evaluates essential geospatial data, empowering users to make informed decisions that drive business success. Geosite was founded in 2018 and is based in Palo Alto, California.

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Buyer(S) 1

Buyer

Descartes Labs

New York, New York, United States
Category Company
Founded 2014
Sector Software
DESCRIPTION

Descartes Labs offers customers an accelerated ability to address operational needs by transforming the world's data into actionable and predictive insights that impact climate change, sustainability, and food security, and safeguard natural resources at the speed of relevance. Descartes Labs was founded in 2014 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
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