We have the answers to your questions about Descartes.
- When was Descartes founded?
- How many employees does Descartes have?
- Where is Descartes corporate head office located?
- What types of solutions does Descartes offer?
- Where are Descartes shares traded?
- When did Descartes begin trading on the stock exchanges?
- What have been Descartes’ recent acquisition activities?
- Can I buy shares directly from Descartes?
- When is Descartes’ Fiscal Year-end?
- How many Descartes’ shares are outstanding?
- What is Descartes’ official accounting currency?
- Has Descartes split its stock?
- How does Descartes generate revenue?
- How does Descartes recognize revenue?
- Who are Descartes’ auditors?
- How can I obtain a copy of Descartes’ Annual and Quarterly Reports?
- 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.?
- Who is Descartes’ transfer agent and how can I reach them?
- How do I obtain or modify information regarding my shareholder account? How can I transfer ownership of my shares?
- If my Descartes share certificate has been lost, stolen or destroyed, how do I arrange to replace it?
Descartes was founded in 1981.
Descartes currently has over 1000 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.
Descartes’ headquarters are located at 120 Randall Drive, Waterloo, Ontario, N2V 1C6. See a complete list of Descartes' office locations worldwide.
For detailed information on Descartes solution offerings, visit our Home Page and select the Solutions tab.
Descartes’ shares are listed on the NASDAQ Stock Market (NASDAQ: DSGX) and the Toronto Stock Exchange (TSX: DSG).
Descartes began trading on the Toronto Stock Exchange in January 1998 and on the NASDAQ in June 1998.
On June 12, 2011, Descartes acquired privately-held Telargo Inc., a leading provider of telematics solutions. Telargo is a software-as-a-service (SaaS) provider of MRM telematics solutions that enable its clients to monitor and manage mobile assets (i.e., vehicles, workforce, equipment and cargo) and help fleet owners comply with various domestic transportation regulations. Telargo's solutions gather information about vehicles, such as location, engine use and braking information, and the drivers of those vehicles, such as hours of driver service. This data can then be used for real-time decision making, dynamic estimated time of arrival notifications for delivery recipients, and sophisticated operational analysis. In the quickly evolving United States regulatory environment, Telargo's telematics solutions also help fleet owners comply with new driver hours of service (HOS) and fuel tax reporting (IFTA) regulations.
On November 2, 2011, Descartes acquired InterCommIT, a leading Netherlands-based provider of business-to-business (B2B) integration-as-a-service. The InterCommIT network serves more than 800 customers by helping trading partners connect and collaborate to seamlessly exchange data electronically. Regardless of size or technological sophistication, InterCommIT customers have achieved operational excellence by increasing automation, improving logistics precision, reducing implementation times and accelerating the return on their investment.
On January 23, 2012, Descartes acquired GeoMicro, Inc., a leading California-based provider of advanced geographic information systems (GIS) and commercial turn-by-turn navigation. GeoMicro's cutting-edge GIS platform enables advanced routing, navigation, field service, and spatial data business intelligence solutions. It supports a full range of advanced GIS services, including high performance map display, geo-location, commercial vehicle route calculation, spatial data querying, and turn-by-turn navigation suitable for commercial and hazardous material route use. GeoMicro's solutions help customers to precisely locate assets and resources in motion, reduce the cost and time of deliveries, and increase driver safety & compliance.
On June 15, 2012, Descartes announced the closing of its acquisition of Integrated Export Systems, Ltd. and IES Asia Limited (IES).
IES brings expertise in software-as-a-service solutions that help freight forwarders, non-vessel operating common carriers and customs brokers manage their businesses and improve profitability. With current offices in New Jersey and Hong Kong, its solutions help more than 600 customers with users in over 70 countries worldwide. IES is also a leader in regulatory compliance solutions, where its collaborative security filing solutions connect thousands of logistics service providers who are processing shipments that primarily originate from the Asia Pacific region.
On June 4, 2012, Descartes acquired Infodis B.V., a leading Netherlands-based provider of software-as-a-service transportation management solutions. Infodis provides a rich, functional transportation management network-based solution that handles specific European logistics requirements. The solution manages both inbound and outbound purchased transportation for more than five million shipments per year, with particular strength in Europe/Asia Pacific shipping.
On November 14, 2012, Descartes acquired Exentra Transport Solutions Limited, a leading UK-based provider of software-as-a-service (SaaS) driver compliance solutions for the European Union (EU). Exentra's cloud-based compliance management platform, Smartanalysis, helps customers leverage the data from a vehicle's tachograph to comply with EU-wide legislation governing driver compliance, such as the EU working-time directive.
On December 23, 2013, Descartes acquired Impatex Freight Software Limited ("Impatex"), a leading provider of electronic customs filing and freight forwarding solutions in the UK. Impatex brings more than 200 freight forwarder customers to Descartes' Global Logistic Network, with the majority of these in the UK. By combining Impatex's leading UK customs and forwarding solutions with Descartes' global community of logistics participants and logistics management solutions, customers now have a single trusted partner to help them manage their shipments across the globe.
On December 23, 2013, Descartes acquired Compudata, a leading provider of B2B supply chain integration and e-invoicing solutions in Switzerland. Compudata's network (B2BNet) serves a diverse community of trading partners, helping them connect, collaborate and seamlessly exchange electronic data. Compudata also provides e-invoicing and e-archiving functionality essential in international trade and transportation transactions.
On April 1, 2014, Descartes acquired Computer Management USA, a leading US-based provider of security filing solutions and air cargo management solutions for airlines and their partners. Computer Management’s solutions help air carriers to improve operational efficiency and streamline security filing and customs clearance processes, directly and through coordination with ground handlers and container freight stations. The air cargo community is challenged by a rapidly evolving global regulatory environment where customs authorities around the world continue to implement mandates designed to improve security.
One June 2, 2014, Descartes acquired Customs Info LLC, a leading US-based provider of trade data content to power Global Trade Management (GTM) systems and streamline global trade automation. Customs Info provides comprehensive trade data and related research tools to more than 800 multi-national shippers to help them reduce operating costs, improve customs compliance, and accelerate supply chain speed. This trade data populates GTM systems, including SAP GTS and Oracle GTM, and includes trade tariffs, duties, regulations, trade agreements, rules of origin and other trade-related content. Customs Info also provides one of the leading on-line global trade research tools used by thousands of trade professionals, as well as a SaaS-delivered classification solution to help trade professionals and multi-national shippers quickly build and easily maintain complex classification databases for their operations around the world.
On November 20, 2014, Descartes acquired Airclic Inc. ("Airclic"), a leading US-based provider of mobile solutions that help companies reduce the cost of delivering goods by automating traditional paper-based processes.Airclic's cloud-based mobile solutions help streamline and automate complex 'last mile' logistics processes. The 'last mile' is a key piece of the supply chain that directly touches customers and has traditionally been fraught with manual paper-based processes. Airclic's Perform platform provides configurable, feature-rich mobile technology and advanced electronic proof of delivery (POD) solutions that operate on a hand-held device carried by the driver. The solutions help customers across a number of industry verticals, including third-party logistics (3PL), food and beverage, retail and healthcare, improve transportation efficiency and reduce the cost of delivering goods.
On December 8, 2014, Pentant Limited ("Pentant"), a leading UK-based Community System Provider (CSP) offering customs connectivity and import/export inventory control solutions for ocean, truck and air cargo. Pentant provides its shipper and logistics service provider customers with a reliable and secure connection to both CHIEF (the central UK Revenue & Customs system) and ICS (the European Union Import Control System) to streamline declaration, cargo security and clearance processes. Pentant also helps customers meet UK Revenue & Customs requirements for imports and exports to be managed through an approved inventory control system for the ports of Dover, Portland, Poole, Plymouth, Teignmouth, Bideford and Scrabster, as well as London City and Warton airports.
On December 8, 2014, acquired e-customs Inc. ("e-customs"), a leading provider of electronic security and fiscal customs filing solutions in the UK. e-customs' cloud-based solution, Webdecs, provides both shippers and logistics service providers with a wide range of customs capabilities to cost effectively comply with UK fiscal filing and security filing requirements. e-customs' modular offering is designed to reduce complexity, increase automation, and help to make the end-to-end customs declaration process easy. Importers and exporters can leverage default and client-specific standing data, declaration templates, historical filings, on-screen tips and system validations to increase speed and accuracy in the filing process.
On July 20, 2015, acquired MK Data Services LLC ("MK Data"), a leading US-based provider of denied party screening trade data and solutions. Denied party screening is essential for minimizing business risk today. Governments of various countries, as well as international organizations, maintain a variety of lists of people, organizations and countries that it is restricted or prohibited to do business with. This includes customers, suppliers, employees and business partners for business processes such as contracting shipping and payment.
On July 22, 2015, acquired BearWare, Inc. ("BearWare"), a leading US-based provider of mobile solutions to improve collaboration between retailers and their logistics service providers. For over 25 years, BearWare has been helping retailers and their logistics service providers collaborate on store shipments. BearWare's system leverages mobile technologies to scan cartons at each point from the distribution centers through to the store front. This carton-level tracking complements shipment-level tracking and helps pro-actively identify potential inventory replenishment for each store, reduces theft and claims for lost cartons, and streamlines shipment payment. It also supports pool distribution, which helps retailers to reduce logistics costs and minimize store disruptions by eliminating unconsolidated direct shipments from suppliers and retailer distribution centers into the stores. The BearWare system is being used by leading retailers, including L Brands, Restoration Hardware and GNC to save money, support loss prevention programs and improve delivery operations effectiveness.
On November 25, 2015, acquired Oz Development, Inc. ("Oz"), a leading US-based provider of application integration solutions that help small-to-medium sized businesses ("SMBs") automate a number of logistics and supply chain processes. For over 10 years, Oz has been helping a growing SMB community connect to, and integrate with, leading ERP, CRM, e-commerce and supply chain platforms. Oz's strong partnerships with key SMB channels, such as UPS and NetSuite, have helped it build this community to include nearly 7,000 end customers. Oz's solutions address a number of pain points for e-commerce shippers by automating logistics and supply chain processes, including order fulfillment, inventory management/scanning, and shipping.
On April 29, 2016, acquired pixi* Software GmbH ("pixi"), a leading Germany-based provider of technology solutions for e-commerce order fulfilment and warehouse management. For over 10 years, pixi has helped its customers automate e-commerce processes originating from online orders, and is currently integrated with hundreds of e-commerce sites in Europe. The company's customers include both small-to-medium sized businesses ("SMBs") and larger retailers looking to enhance their online presence to meet the need for omni-channel deliveries. pixi's platform collects order information from an e-commerce webfront, translates that into a scanner-driven pick and pack process within the warehouse, initiates the shipment to the customer, and synchronizes all of this information with the customer's financial system for invoicing and shipment tracking.
8. Can I buy shares directly from Descartes?
Descartes does not sell shares directly. Please contact your broker to purchase shares.
Descartes fiscal year commences on February 1st of each year and ends on January 31st of the following year.
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 Investor Relations page.
As of Descartes’ last fiscal year-end, January 31, 2016, there were 75,761,184 common shares issued and outstanding.
Descartes reports its financial results in accordance with US Generally Accepted Accounting Principles (GAAP) and in US dollars.
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.
Details on Descartes’ revenue recognition policy and other critical accounting policies can be viewed in the most recent copy of Descartes’ Annual Report.
Please contact Descartes Corporate Secretary at email@example.com, 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 firstname.lastname@example.org ,or by phone at: (519) 746-6114 Ext: 202358 or by fax at: (519) 747-7037.
Computershare Investor Services Inc. is Descartes’ transfer agent and can be reached as follows: 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 USA 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 transfer agent as follows: 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 USA 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 transfer agent 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
International: (303) 262-0600