About Descartes
Descartes is a company based in Waterloo (United States) founded in 1981. It operates as a SaaS (Software-as-a-Service), and Managed Services. Descartes has completed 50 acquisitions, including 3G, 4Solutions and Aerospace Software Developments. Descartes offers products and services including Descartes Global Logistics Network™, Routing, Mobile & Telematics, Ecommerce Shipping & Fulfillment, and Customs & Regulatory Compliance. Descartes operates in a competitive market with competitors including Freight Tiger, Blue Yonder, Logospot, GT Nexus and Amber Road, among others.
- Headquarter Waterloo, United States
- Stage Public
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Sectors
Transportation, Automotive & LogisticsTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Descartes Systems Group Inc.
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Annual Revenue
$623.57 M (USD)16.03as on Jan 31, 2024
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Net Profit
$137.24 M (USD)26.22as on Jan 31, 2024
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EBITDA
$241.17 M (USD)13.82as on Jan 31, 2024
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Latest Funding Round
$36.19 K (USD), Grant
Apr 01, 2016
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
3G
& 49 more
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IPO & Listings of Descartes
Descartes is a publicly listed company on the TSX with ticker symbol DSG in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Descartes
Descartes offers a comprehensive portfolio of products and services, including Descartes Global Logistics Network™, Routing, Mobile & Telematics, Ecommerce Shipping & Fulfillment, and Customs & Regulatory Compliance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An ecosystem of software for supply chain management.
Platform for last-mile delivery and fleet optimization.
Tools for inventory, warehouse, and shipping management.
Solutions for customs filings and regulatory compliance.
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Leadership Team
71 people
Product Management Team
40 people
Sales and Marketing
39 people
Software Development Team
35 people
Senior Team
14 people
Human Resources and Administration
13 people
Legal and Compliance
11 people
Operations Team
10 people
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Funding Insights of Descartes
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $36,186
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First Round
First Round
(01 Apr 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2016 | Amount | Grant - Descartes | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Descartes
Descartes has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Descartes
Descartes has strategically engaged in corporate development activities, having acquired 50 companies. Notable acquisitions include 3G, 4Solutions and Aerospace Software Developments. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based compliance solutions for logistics contractors are delivered.
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2016 | ||||
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Software solutions for FedEx contractors are provided by PackageRoute.
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2016 | ||||
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Digital transformation services are provided by Descartes STEPcom since 2015.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Descartes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Descartes Comparisons
Competitors of Descartes
Descartes operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Freight Tiger, Blue Yonder, Logospot, GT Nexus and Amber Road, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Freight and logistics are managed via web-based platform.
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| domain | founded_year | HQ Location |
AI and cloud-based supply chain management solutions are provided.
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| domain | founded_year | HQ Location |
SaaS-based transport management solutions are provided by LogiSpot.
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| domain | founded_year | HQ Location |
Supply chain analytics and management solutions are provided globally.
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Cloud-based global trade management solutions are provided to enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Descartes
Frequently Asked Questions about Descartes
When was Descartes founded?
Descartes was founded in 1981 and raised its 1st funding round 35 years after it was founded.
Where is Descartes located?
Descartes is headquartered in Waterloo, United States. It is registered at Waterloo, Iowa, United States.
What is the annual revenue of Descartes?
Annual revenue of Descartes is $623.57M as on Jan 31, 2024.
What does Descartes do?
Descartes is established as a leader in cloud-based logistics and supply chain management solutions. The companys offerings are designed to enhance productivity, performance, and security across various industries including retail, transportation, logistics, manufacturing, and field services. Solutions provided by Descartes encompass B2B connectivity, customs compliance, ecommerce fulfillment, global trade intelligence, and transportation management. The Descartes Global Logistics Network is utilized as a key ecosystem for integrating software solutions in the supply chain market. Operations are supported through a comprehensive logistics technology platform that connects inventory, information, assets, and people globally.
Who are the top competitors of Descartes?
Descartes's top competitors include Blue Yonder, Freight Tiger and GT Nexus.
What products or services does Descartes offer?
Descartes offers Descartes Global Logistics Network™, Routing, Mobile & Telematics, Ecommerce Shipping & Fulfillment, and Customs & Regulatory Compliance.
Is Descartes publicly traded?
Yes, Descartes is publicly traded on TSX under the ticker symbol DSG.
How many acquisitions has Descartes made?
Descartes has made 50 acquisitions, including 3G, 4Solutions, and Aerospace Software Developments.
Who are Descartes's investors?
Descartes has 1 investor. Key investors include European Union.
What is Descartes's ticker symbol?
The ticker symbol of Descartes is DSG on TSX.