Descartes acquires ShipTrack
WATERLOO, Ontario — Logistics company Descartes Systems Group has acquired ShipTrack, a provider of e-commerce final-mile solutions.
ShipTrack provides cloud-based mobile resource management and shipment tracking solutions. These solutions help customers automate dispatch, updates on shipment status and estimated time of arrival (ETA), and eliminate paper-based delivery processes.
ShipTrack’s highly-configurable and scalable platform is well-suited for the e-commerce home delivery, parcel and medical courier markets, helping these companies manage final-mile deliveries.
“The challenge for today’s final-mile carriers is how to handle increasing volumes alongside rising consumer expectations for delivery choice and real-time information,” said Shawn Winter, co-founder of ShipTrack and vice-president, mobility solutions at Descartes. “Our platform helps final-mile carriers meet that challenge head-on with powerful workflows across delivery processes and the ability to expose information to consumers in real-time. By joining forces with Descartes, we see an opportunity to create a truly differentiated product that combines our advanced final-mile solutions with Descartes route optimization and reservations capabilities.”
ShipTrack is headquartered near Ottawa. Descartes acquired ShipTrack for up-front cash consideration of $25 million, plus potential performance-based consideration.