We have the answers to your questions about Descartes.

  1. When was Descartes founded?
  2. How many employees does Descartes have?
  3. Where is Descartes corporate head office located?
  4. What types of solutions does Descartes offer?
  5. Where are Descartes shares traded?
  6. When did Descartes begin trading on the stock exchanges?
  7. What have been Descartes’ recent acquisition activities?
  8. Can I buy shares directly from Descartes?
  9. When is Descartes’ Fiscal Year-end?
  10. How many Descartes’ shares are outstanding?
  11. What is Descartes’ official accounting currency?
  12. Has Descartes split its stock?
  13. How does Descartes generate revenue?
  14. How does Descartes recognize revenue?
  15. Who are Descartes’ auditors?
  16. How can I obtain a copy of Descartes’ Annual and Quarterly Reports?
  17. How can I obtain a copy of documents filed by Descartes with Canadian securities commissions and the Securities and Exchange Commission (SEC) in the U.S.?
  18. Who is Descartes’ transfer agent and how can I reach them?
  19. How do I obtain or modify information regarding my shareholder account? How can I transfer ownership of my shares?
  20. If my Descartes share certificate has been lost, stolen or destroyed, how do I arrange to replace it?


1. When was Descartes founded?

Descartes was founded in 1981.


2. How many employees does Descartes have?

Descartes currently has over 1,500 employees world wide. This number continues to grow as we expand further into the logistics market. For a full list of our current job openings visit our Careers page.


3. Where is Descartes corporate head office located?

Descartes’ headquarters are located at 120 Randall Drive, Waterloo, Ontario, N2V 1C6. See a list of Descartes' office locations worldwide.


4. What types of solutions does Descartes offer?

For detailed information on Descartes solution offerings, visit our Home Page and select the Solutions tab.


5. Where are Descartes shares traded?

Descartes’ shares are listed on the NASDAQ Stock Market (NASDAQ: DSGX) and the Toronto Stock Exchange (TSX: DSG).


6. When did Descartes begin trading on the stock exchanges?

Descartes began trading on the Toronto Stock Exchange in January 1998 and on the NASDAQ in June 1998.


7. What have been Descartes’ recent acquisition activities?

On February 2, 2018, acquired Aljex Software, Inc., a cloud-based provider of back-office transportation management solutions for freight brokers and transportation providers. Serving freight brokers and transportation providers for over 20 years, Aljex has built a robust platform backed by deep domain expertise.  Used by nearly 400 customers in North America to plan and execute nearly 3 million freight moves per year, the Aljex solutions help customers automate business processes and create electronic documents critical for executing transportation moves. Customers can manage the lifecycle of a shipment from order creation through execution, including real-time tracking with connectivity to the Descartes MacroPoint network.

On June 25 2018, acquired US-based Velocity Mail, an electronic transportation network that provides global air carriers with mail and parcel shipment scanning and tracking solutions.
Velocity Mail has been connecting commercial airlines and their logistics partners with government postal authorities around the world for more than 15 years. Using Velocity Mail’s network, global air carriers leverage mobile devices to accurately track shipments and deliveries in real-time. Velocity Mail automates the entire shipment process from route generation to accounting reconciliation, simplifying operational processes for the air carriers, ground handlers and postal authorities.

On August 22, 2018, acquired PinPoint, a leading provider of fleet tracking and mobile workforce solutions based in Canada. PinPoint helps its customers collect real-time location information on trucks and mobile workers using technology, including Geotab (telematics) and SkyBitz (trailer tracking). This information is used by technology solutions, like Descartes’ Routing, Mobile & Telematics suite, to drive fleet and mobile resource productivity, manage driver performance and comply with government regulations.

On January 28, 2019, acquire the businesses run by the Management Systems Resources Inc. group of companies operating under the names “Visual Compliance,” “eCustoms” and “MSR” (collectively, “Visual Compliance”). Visual Compliance provides software solutions and services to automate customs, trade and fiscal compliance processes, with a focus on denied and restricted party screening processes and export licensing. Visual Compliance is based in Canada and serves over 2,000 customers with over 67,500 subscribers operating in over 100 countries.

On May 13, 2019, announced that it has acquired Core Transport Technologies NZ Limited (CORE), an electronic transportation network that provides global air carriers and ground handlers with shipment scanning and tracking solutions. CORE has been connecting commercial airlines, ground handlers and the wider logistics community with trading partners and government postal authorities around the world for more than 10 years. Customers use CORE’s network to accurately track international mail, parcel and cargo shipments as well as US domestic mail and parcel shipments. CORE’s solutions leverage mobile technologies and data analytics to help customers automate processes and increase operational efficiency.

On June 27, 2019, acquired STEPcom, a leading Business-to-Business (“B2B”) supply chain integration network based in SwitzerlandSTEPcom has connected trading partners to its B2B network for more than 15 years, helping supply chain participants connect, collaborate and seamlessly exchange electronic data. A community of more than 600 customers leverage the STEPcom suite of solutions to automate supply chain processes and streamline a wide array of complex, mission-critical documents found in typical procure-to-pay and order-to-cash processes. STEPcom also operates a GS1-certified, industry-independent data content pool where suppliers can share product master data with customers all around the world.

On August 21, 2019, acquired BestTransport, a cloud-based transportation management system (TMS) provider focused on flatbed-intensive manufacturers and distributors. BestTransport has been connecting shippers and carriers to streamline transportation processes for more than 15 years. Shipper and carrier customers leverage BestTransport’s platform to more efficiently manage numerous shipments each year across North America and Europe. The company offers a full TMS suite of solutions from contract rate management through to load building, shipment execution and freight payment, with extensive capabilities for flatbed transportation moves.

On February 24, 2020, acquired Peoplevox. Headquartered in the UK, Peoplevox serves direct-to-consumer e-commerce customers around the world. Peoplevox’s web-based eWMS and e-commerce fulfilment solutions help customers seamlessly connect to webshop front ends, translate order information into a mobile-driven pick and pack process within the warehouse and then feed parcel delivery systems for shipment execution. The company’s customers include direct-to-consumer brands, e-commerce retailers and traditional retailers with physical stores looking to enhance their online presence to meet the need for omnichannel deliveries to consumers.      


8. Can I buy shares directly from Descartes?

Descartes does not sell shares directly. Please contact your broker to purchase shares.


9. When is Descartes’ Fiscal Year-end?

Descartes fiscal year commences on February 1st of each year and ends on January 31st of the following year.


10. How many Descartes’ shares are outstanding?

The number of shares outstanding can be found in the Descartes’ annual and quarterly reports. You can obtain a copy on the Descartes corporate website by accessing our Financial Information page.

As of Descartes’ last fiscal year-end, January 31, 2020, there were 84,156,316 common shares issued and outstanding.


11. What is Descartes’ official accounting currency?

Descartes reports its financial results in accordance with US Generally Accepted Accounting Principles (GAAP) and in US dollars.


12. Has Descartes split its stock?

No.


13. How does Descartes generate revenue?

Descartes’ revenues consist of services revenues and license revenues. Services revenues are principally comprised of the following: (i) ongoing transactional fees for use of our services and products by our customers, which are recognized as the transactions occur; (ii) professional services revenues from consulting, implementation and training services related to our services and products, which are recognized as the services are performed; and (iii) maintenance, subscription and other related revenues, which include revenues associated with maintenance and support of our services and products, which are recognized ratably over the subscription period. License revenues derive from licenses granted to our customers to use our software products.


14. How does Descartes recognize revenue?

Details on Descartes’ revenue recognition policy and other critical accounting policies can be viewed in the most recent copy of Descartes’ Annual Report.


15. Who are Descartes’ auditors?

KPMG LLP.


16. How can I obtain a copy of Descartes’ Annual and Quarterly Reports?

Please contact Descartes Corporate Secretary at [email protected], or by phone at: (519) 746-6114 Ext: 202358 or by fax at: (519) 747-7037.

You can also download or view a copy of our reports on our Financial Information page.


17. How can I obtain a copy of documents filed by Descartes with Canadian securities commissions and the Securities and Exchange Commission (SEC) in the U.S.?

Documents are available on the Securities and Exchange Commission (SEC) website for U.S. business and on the System for Electronic Document Analysis and Retrieval (SEDAR) website for Canada.

Documents can also be obtained by contacting Descartes Corporate Secretary at [email protected], or by phone at: (519) 746-6114 ext: 202358 or by fax at: (519) 747-7037.


18. Who is Descartes’ transfer agent and how can I reach them?

Computershare Investor Services Inc. is Descartes’ transfer agent and can be reached as follows:

Computershare Investor Services Inc.
100 University Avenue
Toronto, Ontario M5J 2Y1
North America: (800) 663-9097
International: (416) 263-9200

Computershare Trust Company
12039 West Alameda Parkway
Suite Z-2
Lakewood, Colorado 80228
International: (303) 262-0600


19. How do I obtain or modify information regarding my shareholder account? How can I transfer ownership of my shares?

Please contact the following transfer agents:

Computershare Investor Services Inc.
100 University Avenue
Toronto, Ontario M5J 2Y1
North America: (800) 663-9097
International: (416) 263-9200

Computershare Trust Company
12039 West Alameda Parkway
Suite Z-2
Lakewood, Colorado 80228
International: (303) 262-0600


20. If my Descartes share certificate has been lost, stolen or destroyed, how do I arrange to replace it?

Please contact the following transfer agents:

Computershare Investor Services Inc.
100 University Avenue
Toronto, Ontario M5J 2Y1
North America: (800) 663-9097
International: (416) 263-9200

Computershare Trust Company
12039 West Alameda Parkway
Suite Z-2
Lakewood, Colorado 80228
International: (303) 262-0600