Descartes Systems Buys Telargo for C$9.6 Million



Click Here!


 Updated:
6/17/2011 9:00:00 AM

Descartes Systems Group, a supplier of logistics technology, has acquired Telargo Inc. for about C$9.6 million in cash.

The target is a privately held Jersey City, N.J.-based provider of software that monitors vehicles, workers, equipment and cargo.

Telargo said its products gather data such as vehicles location, engine and braking use and tallies hours of driver service.

Descartes, Waterloo, Ontario, reported earlier this month that its fiscal first-quarter net income rose to $2.2 million, or 3 cents a share, from $200,000, or 1 cent, a year ago.

Revenue rose 27% for the quarter ended April 30 to $27.1 million.



Click Here!




© 2010, Transport Topics Publishing Group. All rights reserved.

RELATED ARTICLES

Ryder, Ceva Logistics Expand Trailer-Leasing Pact (6/20/2011 10:00:00 AM)
NAFC, ITLC Set Meeting Agendas for Phoenix Meeting (6/20/2011 2:30:00 AM)
U.S. Economy Shows Signs of Stalling, Logistics Analyst Says (6/20/2011 2:15:00 AM)
ATA, Port of Los Angeles Continue Court Fight Over Classification of Independent Truckers (6/20/2011 2:00:00 AM)
Express-1 Gets $150 Million Buyout Offer (6/17/2011 9:30:00 AM)
Descartes Systems Buys Telargo for C$9.6 Million (6/17/2011 9:00:00 AM)
 
LATEST NEWS

Click Here!

JOIN OUR NEWSLETTER
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.