Descartes Buys Tai Software For $100 Mln To Expand Freight Brokerage Platform

Descartes Systems Group acquired TAI Software for $100 million, aiming to enhance freight broker efficiency. The AI-powered platform will integrate with Descartes' existing logistics network, addressing fraud, margin pressure, and workflow fragmentation. Truckload brokers are expected to benefit first, with drayage, cross-border, and LTL following. Existing TAI customers will gain access to broader tools over time, according to the company.

Descartes Systems Group (DSGX) acquired Tai, a TMS provider for freight brokers, for $100M in cash. Tai's AI-powered platform manages shipment lifecycle. Descartes aims to expand its logistics network and capabilities. The company has completed 34 acquisitions since 2017, including Drivin and Idelic. Descartes reports Q2 results on Sept. 10.

Crestone Advisors said it advised Drivin SpA on its acquisition by Descartes Systems Group. Drivin provides a cloud TMS for last mile delivery management in Latin America. Descartes will pay about $30 million upfront plus up to $5 million performance-based consideration, integrating Drivin data with Descartes Global Logistics Network.

Descartes Systems Group (NASDAQ: DSGX) said it acquired Latin American last-mile logistics tech provider Drivin for $30M, paid from cash on hand. Drivin’s platform offers routing, dispatch, and real-time visibility using ML/AI. Sellers may receive up to $5M more if revenue targets are met. Descartes also referenced prior Idelic acquisition.

Descartes Systems Group (DSGX) said it acquired Drivin, a Latin America last-mile delivery management provider, to expand services for distribution-intensive businesses. Descartes will pay about $30M upfront cash plus performance-based consideration up to $5M tied to revenue targets over two years; any earn-out is expected in fiscal 2029. DSGX shares were $72.63 pre-market.

Raymond James cut its price target for Descartes Systems Group (NASDAQ:DSGX) to $108 from $118 while keeping an “outperform” rating, implying 38.13% upside from the prior close, BayStreet.CA reported. The stock last traded at $78.19. Raymond James joins other analysts with targets ranging from $82 to $92.