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Descartes Systems acquires PackageRoute for $2M
Descartes Systems acquires PackageRoute for $2M

Yahoo

time21-06-2025

  • Business
  • Yahoo

Descartes Systems acquires PackageRoute for $2M

Descartes Systems (DSGX) announced that it has acquired PackageRoute, a provider of final-mile carrier solutions that offers a mobile and web-based platform that provides real-time visibility into package deliveries, route optimization, and fleet management. 'PackageRoute works primarily with subcontracted delivery service providers working as agents for larger carriers. We believe PackageRoute customers can get substantial value from our integrated Descartes GroundCloud routing, safety and compliance solutions,' said James Wee, General Manager of Routing, Mobile and Telematics at Descartes. PackageRoute is headquartered in Sammamish, WA. Descartes acquired PackageRoute for approximately $2M, satisfied from cash on hand, the company noted. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on DSGX: Disclaimer & DisclosureReport an Issue Descartes Systems Group Announces Shareholder Meeting Results Descartes Systems Group Reports Strong Shareholder Support at Annual Meeting Descartes Systems Group Reports Strong Q1 Earnings Descartes Systems price target lowered to $126 from $130 at RBC Capital Balanced Hold Rating for Descartes Systems Group Amid Revenue Miss and High Valuation Concerns

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