On-demand logistics software and services specialist The Descartes Systems Group Inc. (Waterloo, Ontario), signed a definitive agreement to acquire certain assets of privately held Toronto, Ontario company Cube Route Inc. The all-cash transaction is scheduled to close during Descartes' fiscal quarter ending January 31, 2007.
Cube Route provides on-demand logistics management solutions that include planning, routing, sequencing and optimizing of delivery routes, real-time driver and vehicle tracking, and delivery route analysis. Offered on a pay-as-you-go subscription basis, Cube Route's solution for last mile logistics is used by distribution-sensitive organizations to lower operating costs, improve customer service and reduce operational complexity.
Descartes is a software-as-a-service company focused on creating a multimodal electronic logistics messaging network, called the Global Logistics Network or GLN. Descartes' on-demand GLN processes more than a million messages every day for companies with transport operations. Descartes also offers software layered on top of the GLN for areas including truck scheduling and route optimization that allows carriers, shippers and intermediaries to translate these messages into actionable information.