Business News

Descartes Acquires MacroPoint

The acquisition of MacroPoint expands Descartes global logistics network connections to over 2 million trucking assets.

MacroPoint Resources

Companies

  • Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Descartes’ B2B network, the Global Logistics Network, integrates more than 35,000 trading partners to our…

  • At MacroPoint, our purpose is clear: Deliver a cost effective, third party load tracking solution engineered to “Track ANY Load.” Headquartered in Cleveland, Ohio, our staff is committed to delivering an automated location tracking solution built to tackle the real-world challenges of today’s…

  • Company Quicklook

Descartes Systems Group, a global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired MacroPoint, LLC, an electronic transportation network providing location-based truck tracking and predictive freight capacity data content.

"Consumers expect to see the location and progress of shipments from the point of order to delivery," said Ken Wood, EVP of Product Management at Descartes.

"With leading e-commerce retailers and other shippers demanding that their transportation providers provide real-time location-based information, the business-to-business market now has the same expectation of full visibility into transportation moves. To meet this expectation, MacroPoint has established what we believe is the preeminent network of connected vehicles and location-based content in North America."

US-based MacroPoint runs a connected network of over 2 million trucking assets and drivers.

Edward J. Ryan, Descartes' CEO

“We're excited to have MacroPoint join the Global Logistics Network so that we can jointly deliver even more value to the logistics and supply chain community” Edward J. Ryan, Descartes' Chief Executive Officer

MacroPoint connects to trucks through integrations to onboard electronic logging devices (ELDs), transportation management systems, GPS-enabled smart phone applications and location-based mobile phone triangulation.

MacroPoint uses this data to help transportation brokers, logistics service providers and shippers track the locations of deliveries in trucks. MacroPoint can also use this content to provide transportation brokers and shippers with predictive freight capacity to help identify early opportunities for additional freight moves.

"MacroPoint is the market leader for truckload shipment visibility," said Bennett Adelson, CEO of MacroPoint.

"We believe that the combination of Descartes' Global Logistics Network with our cloud-based, real-time load visibility platform creates a truly differentiated offering that helps customers research, plan, execute and monitor multi-modal shipments around the world."

"Descartes has a successful history of electronically connecting transportation providers to transportation brokers, logistics intermediaries and shippers to share data, automate processes, and run more efficiently," said Edward J. Ryan, Descartes' CEO.

"With this experience, we appreciate the unique value of a network-based business focused on the transportation industry with a track record of high revenue growth, high recurring revenues, and profitability. We're excited to have MacroPoint join the Global Logistics Network so that we can jointly deliver even more value to the logistics and supply chain community."

Descartes acquired MacroPoint on a tax-efficient basis for approximately $US 107 million satisfied with approximately $US 87 million in cash and $US 20 million in shares. The cash consideration was satisfied from $7 million of cash on hand and the balance from Descartes' existing acquisition line of credit. The share consideration is subject to a 12 month hold period, with 50% of the share consideration required to be held for at least 18 months.

"We view Descartes as a natural fit for the MacroPoint network and business," said Amir Goldman of Susquehanna Growth Equity, LLC, a MacroPoint shareholder.

"We believe there are tremendous opportunities for the combined business, which is why we've become Descartes shareholders as part of this transaction."

MacroPoint is headquartered in Cleveland, Ohio and connects more than 8,000 transportation providers, brokers, and shippers. At the time of acquisition, MacroPoint had annualized revenues of approximately $US 12.5 million.

Global Logistics Network Services
The Descartes Global Logistics Network™ (Descartes GLN™) is the standard for multimodal, inter-enterprise electronic data and document exchange. The Descartes GLN was developed with logistics operations in mind. It is unique in its management of data semantics, message delivery, and transformation of data pertaining to regional or global operations and in its ability to work across wired and wireless technologies.

Related White Papers

Download the Paper

Best Practices for Optimizing Last Mile Pick up & Delivery Operations
This white paper provides an overview of the Top 10 best practices for establishing, managing and measuring effective last mile P&D delivery programs. Download Now!


Download the Guide

Why Freight Visibility is Important, Measuring Total Costs, & Visibility for Shippers
These 3 white papers discuss why freight visibility is important, measuring the total costs of visibility for third-party logistics providers and brokers, the various factors that drive up supply chain costs, and how real-time freight visibility can minimize wasteful transportation shipping spend. Download Now!


Article Topics
Trends   Business   Mergers & Acquisitions   Supply Chain Visibility   Trucking   All topics


Comments
Be the first to post a comment.
You must be logged in to post a comment. Login.

 
Latest Business News
Walmart’s Ecommerce Growth Declines - Shares Tumble
Walmart is getting bruised in its battle with online leader Amazon, and the world's largest retailer yesterday reported a smaller-than-expected fourth-quarter profit as it wrestled with slower ecommerce…

Walmart in Talks to Buy More Than 40 Percent of Indian Ecommerce Company Flipkart
In what would be one of its biggest overseas deals, the U.S. retailer is looking at buying new and existing shares in Flipkart, a direct challenge to Amazon in Asia’s third-largest economy.

Valentine’s Day and the Tainted Jewelry Supply Chains
Promising practices show potential for change, but jewelry and watch companies still need to do more to ensure that their supply chains are free of human rights abuse.

The Future Belongs to Organizations with Intelligent Operations
According to new research from HfS and Accenture intelligent operations is key to keeping pace with customer expectations and driving superior business outcomes, the move to intelligent operations is fast…


 

24|7 Pro Team

The 24|7 Team is your direct pipeline to solutions for your business challenges. It's your opportunity to have supply chain and logistics experts look at your specific challenges and needs, and give you free, no-obligation advice, solutions, and information.

The 24|7 Team will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your Request for Proposal list.

1
  Choose a topic for your RFP

Transportation RFP/RFI

The Transportation RFP is your direct pipeline to solutions for your transportation challenges. It's your opportunity to have logistics experts look at your specific transportation challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request.

Choosing the perfect software or system can be an indomitable challenge. Using this transportation/TMS RFP will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your Request for Proposal list.

Warehouse/DC Management RFP/RFI

The Warehouse Management Systems (WMS) RFP is your direct pipeline to solutions for your WMS challenges. It's your opportunity to have logistics experts look at your specific WMS challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request.

Choosing the perfect WMS solution can be an indomitable challenge. Using this WMS RFP will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your WMS Request for Proposal list.

Supply Chain RFP/RFI

The Supply Chain RFP is your opportunity to have logistics experts look at your specific challenges and needs, and receive free, no-obligation advice, solutions, and information. It simplifies finding a pool of likely partners, building your knowledge base, and preparing your Request for Proposal list. The companies in the Logistics Planner have agreed to respond to your request for in-depth information and follow-up, and your request is totally confidential.

Software/Technology RFP/RFI

The Software/Technology is your direct pipeline to solutions for your logistics information technology challenges. It's your opportunity to have logistics experts look at your specific technology challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request. Whether it's WMS, TMS, Mobile or Cloud, our pros can help.

The companies listed below have agreed to respond to your request for in-depth information and follow-up. Your request is totally confidential.

Executive Education RFI

The Logistics and Supply Chain Education RFI can help you identify the schools, coursework, continuing education, distance learning and certification opportunities available from leading logistics educational institutions.

Upgrade and improve your logistics and supply chain skillsets. Whatever route you choose—advanced degree, executive education, certification or distance learning—the time and money you invest in your education today can pay off in continued career success tomorrow. Contact leading universities and professional institutions for the information you need to prepare for the future.

Third Party Logistics RFP/RFI

This 3PL Request for Proposal (RFP)/Request for Information (RFI) can help you find the 3PL and 4PL providers that can meet your specific 3PL service challenges and needs. The 3PL companies below will provide free, no-obligation third-party logistics advice, solutions, and information.

Ask your 3PL questions, you'll get answers. Simply complete the information, and detail your 3PL challenges. Then, check off the third-party logistics companies that you want to review your request.

1. Choose an RFI topic.
2. Enter your contact information and challenge.
3. Select companies and optional categories.
4. Submit.


2

Your Information



Your Challenge, Problem or Request *

3

Select Transportation Companies

  • Select All

  • 3Gtms
  • BluJay Solutions
  • CSX Trans. Intermodal
  • Kuebix
  • Landstar
  • Legacy Supply Chain Svs.
  • One Network
  • Pitt Ohio
  • Purolator
  • Quintiq
  • SEKO Logistics
  • SMC3


Select Relevent Categories

  • Air Freight
  • Intermodal
  • Motor Freight
  • Ocean Freight
  • Rail Freight
  • TMS

Select Warehouse/DC Management Companies

  • Select All

  • 3PL Central
  • Apex Supply Chain Tech.
  • Honeywell Intelligrated
  • Kuebix
  • Legacy Supply Chain Svs.
  • Swisslog
  • Westfalia Technologies
  • Zebra Technologies


Select Relevent Categories

  • Auto ID & Data Capture
  • Automation
  • Conveyors & Sortation
  • Lift Trucks
  • Packaging & Labeling
  • Pallets & Containers
  • Shelving & Racking
  • WMS

Select Supply Chain Companies

  • Select All

  • 3Gtms
  • 3PL Central
  • Amber Road
  • Apex Supply Chain Tech.
  • APICS
  • BluJay Solutions
  • CSX Trans. Intermodal
  • Frontier Business
  • Kuebix
  • Legacy Supply Chain Svs.
  • Logility
  • One Network
  • Purolator
  • Quintiq
  • SMC3
  • Synchrono
  • TAKE Supply Chain
  • Westfalia Technologies
  • Zebra Technologies


Select Relevent Categories

  • Global Trade
  • Inventory Management
  • Risk Management
  • Sustainability

Select Software/Technology Companies

  • Select All

  • 3GTMS
  • 3PL Central
  • Apex Supply Chain Tech.
  • BluJay Solutions
  • Honeywell Intelligrated
  • Frontier Business
  • Kuebix
  • Logility
  • One Network
  • Quintiq
  • SMC3
  • Swisslog Logistics
  • Synchrono
  • TAKE Supply Chain
  • Zebra Technologies


Select Relevent Categories

  • ERP
  • Sales & Operations
  • Sourcing/Procurement
  • Optimization
  • Transportation Mgmt
  • Warehouse Mgmt

Select Executive Education Choices

  • Select All

  • Graduate Courses
  • Online/Distance
  • Executive Education
  • Certifications
  • Undergraduate
  • Seminars
  • Associations
  • Conferences
  • Tradeshows


Select Third Party Logistics Companies

  • Select All

  • 3PL Central
  • Landstar
  • Legacy Supply Chain Svs.
  • Purolator
  • SEKO Logistics
  • Westfalia Technologies


4
 

24|7 Company Profiles