Announced
Completed
Synopsis
Descartes Systems Group, a provider of inter-enterprise software for the execution of supply-chain management, completed the acquisition of Assure Assist, doing business as MyCarrierPortal, a provider of carrier onboarding and risk monitoring solutions for the trucking industry, for $30m. “Carrier fraud and cargo theft is an ongoing problem in the transportation industry. This acquisition is another investment to help enable improved Know-Your-Carrier capabilities that are critical to improve supply chain performance and fraud reduction. We actively connect with hundreds of thousands of carriers and thousands of brokers and shippers. Many of these participants have expressed their desire for us to further extend our investments in fraud prevention. The combination of MCP and our Descartes MacroPoint FraudGuard tool presents a differentiated solution for our customers to efficiently onboard carriers while enhancing visibility and compliance, and reducing fraud risk,” Dan Cicerchi, Descartes General Manager of Transportation Management.
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