Descartes Systems Group (TSX: DSG; NASDAQ: DSGX) has acquired Somerville, New Jersey based Aljex Software, Inc., a cloud-based provider of back-office transportation management solutions for freight brokers and transportation providers.
Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses.
photo credit: Aljex
Descartes Acquires Aljex
Expands Solution Footprint for Freight Brokers and Transportation Providers
WATERLOO, Ontario, Feb. 02, 2018 — Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Aljex Software, Inc., a cloud-based provider of back-office transportation management solutions for freight brokers and transportation providers.
Serving freight brokers and transportation providers for over 20 years, Aljex has built a robust platform backed by deep domain expertise. Used by nearly 400 customers in North America to plan and execute nearly 3 million freight moves per year, the Aljex solutions help customers automate business processes and create electronic documents critical for executing transportation moves. Customers can manage the lifecycle of a shipment from order creation through execution, including realtime tracking with connectivity to the Descartes MacroPoint network.
“Managing the capacity on trucks profitably while meeting increasingly high customer delivery expectations is a complex task,” said Tom Heine, CEO of Aljex. “Aljex helps solve the unique problems faced by freight brokers and transportation providers in this demanding environment. These solutions can also be utilized by large fleet operators looking to broker their own excess capacity and improve truck utilization.”
“Descartes has worked with Aljex for a number of years to provide end-to-end solutions for the freight broker community in North America,” said Edward J. Ryan, Descartes’ CEO. “We now have an opportunity to fully integrate Aljex into the Global Logistics Network. In doing so, we can provide customers with improved access to track shipments and the ability to better utilize increasingly scarce carrier capacity.”
Aljex is headquartered in Somerville, New Jersey. Descartes acquired Aljex for $USD 32.4 million in cash, satisfied from Descartes’ existing acquisition line of credit.
About Descartes Systems Group
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, softwareas-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com.
Global Media Contact
Tel: +1(800) 419-8495 ext. 202416
Latest posts by CPE Media News (see all)
- headversity secures $1M seed funding - July 22, 2019
- Veühub closes $2M seed round led by Bethmann Lombard - July 19, 2019
- Onex to sell Jack’s Family Restaurants - July 18, 2019