Descartes Systems Group, a global on-demand software-as-a-service (SaaS) logistics solutions provider, has acquired certain assets of the fleet management business formerly known as Mobitrac from privately-held Fluensee Inc.
in an all cash transaction.
As part of the transaction, Descartes has acquired software-as-a-service routing and scheduling technology. The purchase price for this acquisition was $650,000 in cash and will include direct transaction costs incurred in connection with the acquisition.
Descartes customers include an estimated 1,600 ground carriers and more than 90 airlines, 30 ocean carriers, 900 freight forwarders and third-party providers of logistics services, and hundreds of manufacturers, retailers, distributors, private fleet owners and regulatory agencies.
For more information, visit www.descartes.com.
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