Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
6/17/2011 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Descartes Systems Buys Telargo for C$9.6 Million

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.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2011, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement