Monday, June 13, 2011

Descartes acquires telematics firm

Descartes Systems Group announced it has acquired Telargo Inc., a provider of telematics solutions for approximately $9.6 million in cash and some transaction expenses.

Telargo is a software-as-a-service provider of MRM telematics solutions that reportedly enables users to monitor and manage mobile assets such as vehicles, workforce, equipment, and cargo, along with helping fleet owners comply with various domestic transportation regulations, Descartes said in a statement.

Telargo’s tracking data can reportedly be used for real-time information management, estimated time of arrival notifications for delivery recipients, and operational analysis.

“Descartes is a leader in MRM solutions with a long history of providing delivery route planning and mobile solutions for vehicles,” said Ed Ryan, chief commercial officer at Descartes. “By adding Telargo’s telematics solutions to the Descartes Routing, Mobile and Telematics suite, we can now offer customers a pre-integrated, end-to-end MRM solution that combines hardware and software and is delivered over the Descartes Global Logistics Network,” he said.

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