M&A Deal Summary

The Descartes Systems Group Acquires MyCarrierPortal

On September 18, 2024, The Descartes Systems Group acquired transportation company MyCarrierPortal

Acquisition Highlights
  • This is The Descartes Systems Group’s 3rd transaction in the Transportation sector.
  • This is The Descartes Systems Group’s 29th transaction in the United States.
  • This is The Descartes Systems Group’s 3rd transaction in California.

M&A Deal Summary
Date 2024-09-18
Target MyCarrierPortal
Sector Transportation
Buyer(s) The Descartes Systems Group
Deal Type Add-on Acquisition

Target

MyCarrierPortal

Simi Valley, California, United States
MyCarrierPortal helps freight brokers and shippers quickly set up carrier requirements through an onboarding platform that gathers information on carriers and screens them for suitability to deliver loads/shipments based on the broker’s risk and compliance criteria. MyCarrierPortal was founded in 2012 and is based in Simi Valley, California.

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Buyer(S) 1

Buyer

The Descartes Systems Group

Waterloo, Ontario, Canada
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 53 of 53
Sector (Transportation) 3 of 3
Type (Add-on Acquisition) 53 of 53
State (California) 3 of 3
Country (United States) 29 of 29
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 BoxTop

Windsor, United Kingdom

BoxTop is a provider of shipment management solutions for small- to mid-sized logistics services providers (“LSPs”). LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting through to routing, booking, and final delivery. BoxTop was founded in 1995 and is based in Windsor, England.

Buy $13M
Mergr

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