Mergers & Acquisitions ·
Descartes Systems Group announced the acquisition of Tai Software for approximately US $100 million, paid in cash from…
DSGXDescartes Systems Group Inc
Descartes Systems Group announced the acquisition of Tai Software for approximately US $100 million, paid in cash from existing funds. The transaction expands Descartes' transportation management capabilities and global logistics network by integrating Tai's AI-enabled freight brokerage platform. This addition enhances Descartes' ability to serve freight brokers through automated quoting, carrier sourcing, load execution, and billing workflows. The acquisition adds valuable transaction data to the Descartes Global Logistics Network and brings on domain experts to accelerate innovation in a dynamic transportation market. Descartes Systems Group Inc. operates in the logistics technology industry, providing software and network solutions for supply chain management.