- Descartes Systems Group (DSG) has acquired Foxtrot
- Foxtrot is a leading provider of machine learning-based mobile route execution solutions
- Descartes acquired Foxtrot for approximately US$4 million in cash
- Descartes is a provider of on-demand, software-as-a-service solutions
- Descartes Systems Group Inc. (DSG) opened trading at $79.09 per share
Descartes Systems Group (DSG) has acquired Foxtrot, a leading provider of machine learning-based mobile route execution solutions.
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.
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,” stated Ken Wood, EVP 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; and 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,” he added.
“Foxtrot enhances our recent investment in GreenMile, as both companies have extensive experience in the retail food and beverage distribution vertical,” said Edward J Ryan, Descartes’ CEO.
Foxtrot has its headquarters in San Francisco, California and was acquired by Descartes for approximately $US4 million in cash.
Descartes is a provider of on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses.
Descartes Systems Group Inc. (DSG) opened trading at $79.09 per share.