{"success":true,"data":{"pressRelease":{"id":"80623","rtpr_id":"nGNX3d97PJ","ticker":"DSGX","exchange":"NASDAQ","all_tickers":["DSGX","DSG"],"title":"Descartes Acquires Drivin","author":"Globe Newswire","published_at":"2026-07-06T11:00:00.558Z","article_body":"Expands AI-powered last mile logistics capabilities and Global Logistics\nNetwork with Latin American delivery management platform \n\nWATERLOO, Ontario, ATLANTA and SANTIAGO, Chile, July 06, 2026 (GLOBE NEWSWIRE)\n-- The Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in\nuniting logistics-intensive businesses in commerce, today announced the\nacquisition of Drivin, a leading provider of last mile delivery management\nsolutions across Latin America.\n\nDrivin enables distributors, retailers, consumer goods companies, and\nlogistics service providers to improve delivery performance with advanced\nroute optimization, dispatch management, and real-time execution visibility,\nenhanced by machine learning and agentic AI capabilities. The platform is\nwidely adopted in high-density urban environments where logistics complexity\nand service expectations continue to increase.\n\n“Drivin brings a proven and highly adaptable solution for managing complex\nlast mile operations. It also has a significant volume of last mile logistics\ndata and operational metadata generated from real-world delivery execution\nacross Latin America to improve AI training and execution, predictive\nanalytics, and optimization,” said James Wee, General Manager of Fleet\nPerformance Management solutions at Descartes. “The combination enhances our\nability to serve distribution-intensive businesses around the world as they\nmodernize and scale to meet customer expectations for faster, more reliable\ndelivery experiences amidst growing urban congestion and complexity.”\n\n\"Latin America represents a growth market for Descartes and for the broader\nlogistics technology industry,\" said Edward J. Ryan, Descartes' CEO. \"Drivin\ncomplements our existing fleet performance management offering, expands our\nreach in Latin America, and adds experienced leadership and deep domain\nexpertise to help accelerate innovation, adoption and customer success across\nthe Descartes Global Logistics Network.”\n\nDrivin is headquartered in Santiago, Chile. Descartes acquired Drivin for\nup-front consideration of approximately US $30 million satisfied with cash on\nhand, plus potential performance-based consideration. The maximum amount\npayable under the all-cash performance-based earn-out is US $5 million, based\non the combined business achieving revenue-based targets in the first two\nyears post-acquisition. Any earn-out is expected to be paid in fiscal 2029.\n\nAbout Descartes\n\nDescartes powers more responsive, efficient, secure and sustainable\ninternational and domestic supply chains by uniting logistics-intensive\nbusinesses on its Global Logistics Network (GLN). Shippers, carriers, and\nlogistics service providers connect and collaborate on the GLN leveraging\ntechnology, data and AI to manage last mile deliveries, domestic and\ninternational shipments, transportation rating and payment, global trade\nresearch, customs compliance and a variety of regulatory processes. Learn more\nabout Descartes at www.descartes.com and connect with us on LinkedIn\n(https://www.globenewswire.com/Tracker?data=SpchnNAGHUep6qAQptT2Tc_ot5_VvGbRyhT0oPJ3PdzRBR6rd4UZe3kRG44dWYqdyvu9dfIjUgAD5K1PzZnEDVpMx-GBHSeNMZ5N8oB6f77nvSU_cTrvnUxmtC8_3705) and X\n(https://www.globenewswire.com/Tracker?data=bOu9z3MIxfBgjbyRTfkvYeWNe2wDo-wqHMChaogPcQBjQCunPpfAsY6cA0GWJVIZJ30nUJCki6su4S0Yb7RC0w==).\n\nDescartes Investor Contact \nLaurie McCauley\ninvestor@descartes.com\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis release contains forward-looking information within the meaning of\napplicable securities laws (\"forward-looking statements\") that relate to\nDescartes' acquisition of Drivin and its solution offerings; the potential to\nprovide customers with last-mile delivery and fleet performance management\nsolutions; other potential benefits derived from the acquisition and\nDrivin’s solution offerings; and other matters. Such forward-looking\nstatements involve known and unknown risks, uncertainties, assumptions and\nother factors that may cause the actual results, performance or achievements\nto differ materially from the anticipated results, performance or achievements\nor developments expressed or implied by such forward-looking statements. Such\nfactors include, but are not limited to, the expected future performance of\nthe Drivin business based on its historical and projected performance as well\nas the factors and assumptions discussed in the section entitled, \"Certain\nFactors That May Affect Future Results\" in documents filed with the Securities\nand Exchange Commission, the Ontario Securities Commission and other\nsecurities regulatory authorities across Canada including Descartes’ most\nrecently filed annual and interim management's discussion and analysis which\nare available under Descartes’ profile through the EDGAR website at\nhttp://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/.\nIf any such risks actually occur, they could materially adversely affect our\nbusiness, financial condition or results of operations. In that case, the\ntrading price of our common shares could decline, perhaps materially. Readers\nare cautioned not to place undue reliance upon any such forward-looking\nstatements, which speak only as of the date made. Forward-looking statements\nare provided for the purposes of providing information about management's\ncurrent expectations and plans relating to the future. Readers are cautioned\nthat such information may not be appropriate for other purposes. We do not\nundertake or accept any obligation or undertaking to release publicly any\nupdates or revisions to any forward-looking statements to reflect any change\nin our expectations or any change in events, conditions or circumstances on\nwhich any such statement is based, except as required by law.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2fab20c0-6dcb-4891-840a-37d0d482f33a)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX3d97PJ","title":"Descartes Acquires Drivin","author":"Globe Newswire","ticker":"DSGX","created":"2026-07-06T11:00:00.558Z","tickers":["DSGX","DSG"],"exchange":"NASDAQ","article_body":"Expands AI-powered last mile logistics capabilities and Global Logistics\nNetwork with Latin American delivery management platform \n\nWATERLOO, Ontario, ATLANTA and SANTIAGO, Chile, July 06, 2026 (GLOBE NEWSWIRE)\n-- The Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in\nuniting logistics-intensive businesses in commerce, today announced the\nacquisition of Drivin, a leading provider of last mile delivery management\nsolutions across Latin America.\n\nDrivin enables distributors, retailers, consumer goods companies, and\nlogistics service providers to improve delivery performance with advanced\nroute optimization, dispatch management, and real-time execution visibility,\nenhanced by machine learning and agentic AI capabilities. The platform is\nwidely adopted in high-density urban environments where logistics complexity\nand service expectations continue to increase.\n\n“Drivin brings a proven and highly adaptable solution for managing complex\nlast mile operations. It also has a significant volume of last mile logistics\ndata and operational metadata generated from real-world delivery execution\nacross Latin America to improve AI training and execution, predictive\nanalytics, and optimization,” said James Wee, General Manager of Fleet\nPerformance Management solutions at Descartes. “The combination enhances our\nability to serve distribution-intensive businesses around the world as they\nmodernize and scale to meet customer expectations for faster, more reliable\ndelivery experiences amidst growing urban congestion and complexity.”\n\n\"Latin America represents a growth market for Descartes and for the broader\nlogistics technology industry,\" said Edward J. Ryan, Descartes' CEO. \"Drivin\ncomplements our existing fleet performance management offering, expands our\nreach in Latin America, and adds experienced leadership and deep domain\nexpertise to help accelerate innovation, adoption and customer success across\nthe Descartes Global Logistics Network.”\n\nDrivin is headquartered in Santiago, Chile. Descartes acquired Drivin for\nup-front consideration of approximately US $30 million satisfied with cash on\nhand, plus potential performance-based consideration. The maximum amount\npayable under the all-cash performance-based earn-out is US $5 million, based\non the combined business achieving revenue-based targets in the first two\nyears post-acquisition. Any earn-out is expected to be paid in fiscal 2029.\n\nAbout Descartes\n\nDescartes powers more responsive, efficient, secure and sustainable\ninternational and domestic supply chains by uniting logistics-intensive\nbusinesses on its Global Logistics Network (GLN). Shippers, carriers, and\nlogistics service providers connect and collaborate on the GLN leveraging\ntechnology, data and AI to manage last mile deliveries, domestic and\ninternational shipments, transportation rating and payment, global trade\nresearch, customs compliance and a variety of regulatory processes. Learn more\nabout Descartes at www.descartes.com and connect with us on LinkedIn\n(https://www.globenewswire.com/Tracker?data=SpchnNAGHUep6qAQptT2Tc_ot5_VvGbRyhT0oPJ3PdzRBR6rd4UZe3kRG44dWYqdyvu9dfIjUgAD5K1PzZnEDVpMx-GBHSeNMZ5N8oB6f77nvSU_cTrvnUxmtC8_3705) and X\n(https://www.globenewswire.com/Tracker?data=bOu9z3MIxfBgjbyRTfkvYeWNe2wDo-wqHMChaogPcQBjQCunPpfAsY6cA0GWJVIZJ30nUJCki6su4S0Yb7RC0w==).\n\nDescartes Investor Contact \nLaurie McCauley\ninvestor@descartes.com\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis release contains forward-looking information within the meaning of\napplicable securities laws (\"forward-looking statements\") that relate to\nDescartes' acquisition of Drivin and its solution offerings; the potential to\nprovide customers with last-mile delivery and fleet performance management\nsolutions; other potential benefits derived from the acquisition and\nDrivin’s solution offerings; and other matters. Such forward-looking\nstatements involve known and unknown risks, uncertainties, assumptions and\nother factors that may cause the actual results, performance or achievements\nto differ materially from the anticipated results, performance or achievements\nor developments expressed or implied by such forward-looking statements. Such\nfactors include, but are not limited to, the expected future performance of\nthe Drivin business based on its historical and projected performance as well\nas the factors and assumptions discussed in the section entitled, \"Certain\nFactors That May Affect Future Results\" in documents filed with the Securities\nand Exchange Commission, the Ontario Securities Commission and other\nsecurities regulatory authorities across Canada including Descartes’ most\nrecently filed annual and interim management's discussion and analysis which\nare available under Descartes’ profile through the EDGAR website at\nhttp://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/.\nIf any such risks actually occur, they could materially adversely affect our\nbusiness, financial condition or results of operations. In that case, the\ntrading price of our common shares could decline, perhaps materially. Readers\nare cautioned not to place undue reliance upon any such forward-looking\nstatements, which speak only as of the date made. Forward-looking statements\nare provided for the purposes of providing information about management's\ncurrent expectations and plans relating to the future. Readers are cautioned\nthat such information may not be appropriate for other purposes. We do not\nundertake or accept any obligation or undertaking to release publicly any\nupdates or revisions to any forward-looking statements to reflect any change\nin our expectations or any change in events, conditions or circumstances on\nwhich any such statement is based, except as required by law.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2fab20c0-6dcb-4891-840a-37d0d482f33a)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-07-06T11:00:00.713702811Z","server_sent_at_ms":1783335600713},"received_at":"2026-07-06T11:00:00.779Z","source_url":"https://www.globenewswire.com/news-release/2026/07/06/3322315/0/en/Descartes-Acquires-Drivin.html"},"analysis":{"id":"69741","press_release_id":"80623","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"m_and_a","narrative":"Descartes Systems Group acquired Drivin, a Latin American last-mile delivery management platform, for approximately $30 million in cash upfront.\n\nThe transaction includes a potential $5 million performance-based earn-out payable in fiscal 2029 and aims to expand Descartes' AI-powered logistics capabilities and data assets in the region.\n\nBy integrating Drivin's machine learning tools and operational data, Descartes intends to enhance its Global Logistics Network and fleet performance management solutions for distribution-intensive businesses.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Small tuck-in acquisition expands AI/data capabilities and Latin American footprint for $35M total consideration."},"keyFigures":{"customDimensions":{"earn_out_max":5000000,"upfront_cash":30000000}},"quotedText":"Latin America represents a growth market for Descartes and for the broader logistics technology industry","namedEntities":{"people":[{"name":"James Wee","role":"General Manager of Fleet Performance Management"},{"name":"Edward J. 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