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DESCARTES SYSTEMS GRP.INC, THER (DC2.SG)

Stuttgart - Stuttgart Delayed Price. Currency in EUR
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49.000.00 (0.00%)
As of 3:35PM CET. Market open.
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Previous Close49.00
Open49.20
Bid47.80 x 150000
Ask49.00 x 150000
Day's Range49.00 - 49.20
52 Week Range25.80 - 54.00
Volume0
Avg. Volume76
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
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Press Releases
  • Freight Scouts Transforms Broker Operations with Cloud-based Transportation Management and Load Tracking Visibility Solution from Descartes
    GlobeNewswire

    Freight Scouts Transforms Broker Operations with Cloud-based Transportation Management and Load Tracking Visibility Solution from Descartes

    WATERLOO, Ontario, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Atlanta-based broker Freight Scouts is using Descartes’ cloud-based transportation management and load tracking visibility solution to modernize its operations. With the Descartes Aljex™ transportation management system (TMS), fully integrated with real-time load tracking visibility solution Descartes MacroPoint™, Freight Scouts is streamlining the transportation of truckload (TL) and less-than-truckload (LTL) freight for its own brokerage customers, and for shipments originating from fulfillment centers managed by its parent company, PBD Worldwide. “We are building a technology environment that makes it easier to deliver on our promise of Exceptional Service Every Time,” said Jan Jones, VP/General Manager, Freight Scouts. “The Descartes solution gives us a cloud-based, brokerage-focused TMS used to determine the most efficient transport option for our customers, and an automated tool for load tracking so we always know the status and location of our customers’ shipments. Our team loves how the integrated solution eliminates the headaches from our day-to-day operations and helps us to improve performance, minimize penalties, and keep our customers satisfied.”Descartes’ cloud-based solutions for freight brokers provide end-to-end capabilities that enable companies to deliver better customer service, enhance operational performance and maximize margin. The Descartes Aljex TMS automates and streamlines daily freight broker activities to boost operational efficiency, including order entry, lane rate comparison, covering loads, rate confirmation, carrier acceptance, dispatching and electronic data interchange (EDI). Through integration with Descartes MacroPoint, freight brokers also gain real-time visibility into load status by replacing time-consuming and ineffective manual check calls with automated status updates from carriers, which enhances service levels for shipper customers.“We’re pleased to help Freight Scouts better manage the lifecycle of shipments from order creation through execution using Descartes’ transportation solutions,” said Dan Cicerchi, Vice President and General Manager, Transportation Management at Descartes. “By automating the many complex tasks performed by freight brokers, Descartes’ technology helps brokerages to cover more loads, increase visibility, move freight faster and source new carriers more effectively.”About Freight ScoutsAs the non-asset transportation brokerage division of PBD Worldwide, Freight Scouts provides brokerage services for eCommerce companies, retailers, publishers, and essential commodity shippers. Freight Scouts focuses on delivering exceptional freight solutions for clients for Truckload, Less-than-Truckload, and parcel shipping. For more information, visit www.freightscouts.com.About DescartesDescartes (Nasdaq:DSGX) (TSX:DSG) 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. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.Global Media Contact Cara Strohack Tel: +1(800) 419-8495 ext. 202025 cstrohack@descartes.comCautionary Statement Regarding Forward-Looking Statements This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' solution offering and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes most recently filed management's discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

  • Descartes Acquires ShipTrack
    GlobeNewswire

    Descartes Acquires ShipTrack

    Strengthens Ecommerce Final-Mile Capabilities on the Global Logistics NetworkWATERLOO, Ontario, Nov. 06, 2020 (GLOBE NEWSWIRE) --  Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired ShipTrack, a leading provider of ecommerce final-mile solutions. Headquartered in Canada, ShipTrack provides cloud-based mobile resource management and shipment tracking solutions. These solutions help customers automate dispatch, updates on shipment status and estimated time of arrival (ETA), and eliminate paper-based delivery processes. ShipTrack’s highly-configurable and scalable platform is particularly well-suited for the e-commerce home delivery, parcel and medical courier markets, helping these companies efficiently manage final-mile deliveries.“The challenge for today’s final-mile carriers is how to handle increasing volumes alongside rising consumer expectations for delivery choice and real-time information,” said Shawn Winter, co-founder of ShipTrack and now VP Mobility Solutions at Descartes. “Our platform helps final-mile carriers meet that challenge head-on with powerful workflows across delivery processes and the ability to expose information to consumers in real-time. By joining forces with Descartes, we see an opportunity to create a truly differentiated product that combines our advanced final-mile solutions with Descartes route optimization and reservations capabilities.”“We believe there is a permanent shift in buying preferences underway that will continue to see an increasing number of goods being bought online,” said Edward J. Ryan, Descartes’ CEO. “Descartes continues to invest in our e-commerce capabilities to make sure that our customers, large and small, can fulfil orders and meet delivery commitments efficiently. ShipTrack complements this strategy, and, when combined with our advanced Routing, Mobile and Telematics suite of solutions, fills a gap in the market. We’re looking forward to working with the ShipTrack customers, partners and team of domain experts to help the final-mile carrier community capitalize on these changing market dynamics.”ShipTrack is headquartered just outside Ottawa, Canada. Descartes acquired ShipTrack for up-front cash consideration of $CAD 25.0 million (approximately $USD 19.0 million at November 6, 2020), plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $CAD 25.0 million, based on ShipTrack achieving revenue-based targets over the first two years post-acquisition.About Descartes Systems Group        Descartes (Nasdaq:DSGX) (TSX:DSG) 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. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com.Global Investor Contact Laurie McCauley +1-519-746-6114 x202358 investor@descartes.comCautionary Statement Regarding Forward-Looking Statements This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' acquisition of ShipTrack and its solution offerings; the timing and potential amount of any potential earn-out under the transaction; the potential to provide customers with cloud-based mobile resource management and shipment tracking solutions; other potential benefits derived from the acquisition and ShipTrack’s solution offerings; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the expected future performance of the ShipTrack business based on its historical and projected performance as well as the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes most recently filed management's discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

  • Cover Genius Announces Relationship with Descartes to Offer Ecommerce Shipping Insurance Solutions
    GlobeNewswire

    Cover Genius Announces Relationship with Descartes to Offer Ecommerce Shipping Insurance Solutions

    NEW YORK, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Cover Genius, the global insurtech leader whose insurance distribution platform provides protection for customers of the world’s largest online companies, today announced a relationship with Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, to provide Cover Genius’ ecommerce shipping insurance solutions for Descartes ShipRush™ solution customers in the US. Through this relationship, XCover - Cover Genius’ award-winning global insurance distribution platform – has been integrated with the Descartes ShipRush ecommerce shipping solution. The combined offering provides Descartes ShipRush customers with a comprehensive, customer-centric insurance solution that includes protection for the full order value of items shipped rather than just the declared value and coverages for many categories that were historically hard to insure, such as some electronics, second hand goods and more.Descartes ShipRush customers will also benefit from XCover’s instant claims capability that removes the need for documents like proof of sale, wholesale invoices and statutory declarations. Cover Genius’ insurance licenses and claims authority means that there’s no minimum mandatory wait times on claims nor any requirement to “sit behind” existing cumbersome claims processes. Descartes ShipRush customers will be able to make claims and receive instantaneous reimbursement for return shipping and re-shipping of items that were damaged, lost or stolen in transit.“Offering a comprehensive shipping insurance solution to our ecommerce customers is essential to help protect them against unforeseen circumstances in the delivery,” said Troy Graham, Vice President Ecommerce at Descartes. “Cover Genius’ XCover platform helps us create a seamless delivery experience and when things go wrong they can replace their items immediately and protect their margins.”“Traditional insurers offer limited coverage, manual processes and lengthy delays. They also favor the carrier and insurer at the expense of the customer. Cover Genius is committed to transforming the insurance industry, through a customer-centric approach to policy design and claims management that constantly deliver world-beating NPS of positive 65,” said Justin Turner, Head of Logistics Partnerships at Cover Genius. “We are excited to welcome Descartes as the newest addition to the Cover Genius network of global companies, including eBay and Wayfair, who have made our technology available to give their customers access to personalized protection.”For more information about Cover Genius’ offering, please visit https://www.covergenius.com/About Cover Genius: Cover Genius is a global insurance technology company with offices in New York, San Francisco, the United Kingdom, The Netherlands, Germany, Japan, Singapore, India, Korea, Indonesia, Malaysia, Thailand, New Zealand, and Australia. Cover Genius’ vision is to protect all the customers of the world’s largest online companies and it counts some of the world’s biggest online brands including Booking Holdings (NASDAQ:BKNG), eBay, Intuit, Wayfair, Despegar, Automatrix, AXS and National Express among its partners. Cover Genius’ award-winning technologies include XCover, its global insurance distribution platform and XClaim, an API for instant payment of approved claims that delivers an NPS of +65, a result that has been independently recognized as the highest for any insurance company globally. XClaim executes thousands of bank transfers per month into 90+ currencies, and it also allows partners or customers to choose other forms of payment including store credit, e-wallet and card top-ups.Cover Genius co-creates insurance products with partners, enabled by its ability to produce regulated products in 60+ countries & all 50 US States.Cover Genius Media Contact: Gilly Mandelman Drori gilly.d@covergenius.comAbout DescartesDescartes (Nasdaq:DSGX) (TSX:DSG) 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. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.Descartes Global Media Contact Cara Strohack Tel: +1(800) 419-8495 ext. 202025 cstrohack@descartes.com