Add-on Acquisition • Internet Software and Services

The Descartes Systems Group Acquires GroundCloud

On February 14, 2023, The Descartes Systems Group acquired internet software and services company GroundCloud for 138M USD

Acquisition Context
  • This is The Descartes Systems Group’s 17th transaction in the Internet Software and Services sector.
  • This is The Descartes Systems Group’s largest (disclosed) transaction.
  • This is The Descartes Systems Group’s 27th transaction in the United States.
  • This is The Descartes Systems Group’s 2nd transaction in Minnesota.

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M&A Deal Summary

Date February 14, 2023
Target GroundCloud
Sector Internet Software and Services
Buyer(s) The Descartes Systems Group
Deal Type Add-on Acquisition
Deal Value 138M USD

Target Company

GroundCloud

Minneapolis, Minnesota, United States
GroundCloud is a cloud-based provider of final-mile carrier solutions and road safety compliance tools. GroundCloud is based in Minneapolis, Minnesota.
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Buyer Overview 1

Buyer

The Descartes Systems Group

Waterloo, Ontario, Canada

Category Company
Founded 1981
Sector Software
Employees1,334
Revenue 651M USD (2025)
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 Context for Buyer #
Overall 48 of 57
Sector: Internet Software and Services 17 of 19
Type: Add-on Acquisition 48 of 56
State: Minnesota 2 of 2
Country: United States 27 of 33
Year: 2023 2 of 3
Size (of disclosed) 1 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-06 Supply Vision

Phoenix, Arizona, United States

Supply Vision is a provider of shipment management solutions for North American Logistics Services Providers (LSPs). It has a history of helping LSPs digitize their operations and manage the lifecycle of shipments. The company provides modular applications that help LSPs coordinate shipments, from quoting, routing, and booking through to final delivery. The Supply Vision platform also integrates with real-time visibility solutions, such as Descartes MacroPoint, to provide LSPs and their end customers with enhanced information about shipment status and location. Supply Vision is based in Phoenix, Arizona.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 Localz

Melbourne, Australia

Localz is a technology platform that combines real-time vehicle location tracking and communications to deliver safe, transparent, customer-centric SaaS solutions that transform the customer delivery experience. End customers can schedule services and deliveries through an online portal, and then follow the progress of their order in real time with advanced notifications built in. Localz is based in Melbourne, Australia.

Buy $6M