Descartes Acquires Assure Assist, Inc., Doing Business As MyCarrierPortal For Up-front Consideration Of $24M Satisfied With Cash On Hand, Plus Potential Performance-based Consideration
Portfolio Pulse from Benzinga Newsdesk
Descartes Systems Group has acquired MyCarrierPortal for $24 million in cash, with an additional $6 million possible based on performance. MyCarrierPortal specializes in carrier onboarding and risk monitoring for the trucking industry.
September 18, 2024 | 11:06 am
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Descartes Systems Group has acquired MyCarrierPortal for $24 million, with a potential $6 million earn-out based on performance. This acquisition enhances Descartes' capabilities in carrier onboarding and risk monitoring.
The acquisition of MyCarrierPortal by Descartes Systems Group is likely to enhance Descartes' service offerings in the logistics sector, particularly in carrier onboarding and risk monitoring. This strategic move could lead to increased revenues and market share, positively impacting DSGX's stock price in the short term.
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