Descartes Acquires Foxtrot for $4M

The Canada-based logistics provider announced it has acquired the provider of machine learning-based mobile route execution solutions.
On Aug. 8, LDR Growth Partners announced it had acquired two U.S. Midwest heat exchanger manufacturers: Cincinnati Radiator Inc. and Ohio Heat Transfer Ltd.

Descartes Systems Group Inc., (TSX:DSG) (Nasdaq:DSGX) of Waterloo, Ontario, says it has acquired Foxtrot, a leading provider of machine learning-based mobile route execution solutions based in San Francisco.

The purchase price was approximately $4 million, which Descartes said was paid for with cash on hand.

Descartes said Foxtrot’s advanced machine learning algorithms “leverage millions of data points collected from vehicles in the field, helping customers reduce last-mile costs, improve customer service and learn service factors that improve route efficiency and on-time performance.” Descartes said the company’s technology complements existing route planning and execution solutions.

“Descartes has been a leader in using advanced technology to extend its world-class route planning and execution solutions for more than 20 years,” said Ken Wood, executive vice president of product management at Descartes. “Advances in artificial intelligence and machine learning are making it possible for us to leverage increasing amounts of ‘real world data’ to better inform our route planning and execution solutions. By combining with Foxtrot, we’re adding a team with deep domain expertise and proven technology that will help accelerate our efforts in this area.”

Related Posts

  • On July 27, Glenview, Illinois-based Jan-San distributor Envoy Solutions announced the acquisition of Sunbelt Packaging, a packaging materials distributor based in York, South Carolina.

    SaaS provider Descartes Systems Group announced it acquired NetCHB, a U.S. provider of customs filing…

  • On July 27, Glenview, Illinois-based Jan-San distributor Envoy Solutions announced the acquisition of Sunbelt Packaging, a packaging materials distributor based in York, South Carolina.

    The Pennsylvania manufacturer of electronic instruments and electromechanical devices acquired a provider of gas and…

  • The acquisitions, Wholesale Sheet Metal and Pile Protections Tops, will expand Munch's geographic footprint to 71 locations.

    The company reached a deal with Novinium Holdings, a Washington-based cable rejuvenation solutions provider.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.