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.”