Descartes Systems Group Inc (DSGX) Opciones

>>> Descartes acquires inventory, order management platform Sellercloud for $110M


Freight Waves

by Todd Maiden

October 14, 2024


https://finance.yahoo.com/news/descartes-acquires-inventory-order-management-144705589.html


Descartes announced its fifth acquisition of the year on Monday.

Descartes announced the acquisition of inventory and order management platform Sellercloud for an upfront $110 million. The transaction includes up to an additional $20 million in consideration based on combined revenue targets.

New Jersey-based Sellercloud provides omnichannel e-commerce services to more than 1,000 merchants, distributors, wholesalers and manufacturers. The company’s platform is designed to help users manage product across multiple sales channels, including the fulfillment process. It executes more than 150 million orders valued at over $15 billion annually.

“Sellercloud expands our product suite with advanced inventory and order management capabilities that our customers have been asking for,” said Mikel Richardson, general manager of e-commerce at Descartes, in a Monday news release. “When combined with Descartes’ existing ecommerce shipping, fulfillment and warehouse management solutions, we believe the result is a truly differentiated offering to manage the full lifecycle of domestic and cross-border ecommerce shipments.”

Canada-based Descartes (NASDAQ: DSGX) funded the transaction with cash on hand. The company closed its fiscal quarter ended July 31 with $252.7 million in cash.

This is Descartes’ fifth acquisition of the year.

It acquired carrier-identity technology provider MyCarrierPortal for $24 million upfront last month and shipment management services provider BoxTop Technologies for $13 million in June. It paid a total of $150 million for trade compliance provider OCR Services in March and customs and regulatory compliance company Aerospace Software Developments in April.

“We continue to listen to our customers for key areas of investment in our Global Logistics Network,” said Descartes CEO Ed Ryan. Ryan said the deal “directly complements our ecommerce investments in XPS, ShipRush, pixi, and Peoplevox.”

The potential $20 million performance-based earnout would be paid out over the company’s next two fiscal years.

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DSGX new 52 week high

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DSGX, DSG NEW YEAR HIGH

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Have been watching the rise in pps for a long time--- decided to buy too late