Mr. Edward Ryan reports

DESCARTES ACQUIRES BOXTOP TECHNOLOGIES

The Descartes Systems Group Inc. has acquired BoxTop Technologies Ltd., a leading provider of shipment management solutions for small to mid-sized logistics service providers (LSPs).

Based in the United Kingdom, BoxTop helps LSPs digitize their operations and connect to the wider logistics community to manage the life cycle of shipments. LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting through to routing, booking and final delivery. BoxTop is an existing Descartes partner, leveraging the Descartes Global Logistics Network (GLN) to help its clients gain visibility into shipments across multiple modes of transportation and to complete electronic customs filings.

"We've been working successfully with BoxTop for a number of years, and this was the next logical step in our partnership," said Scott Sangster, general manager, logistics services providers, at Descartes. "BoxTop has an excellent solution for small to mid-sized LSPs and we see an opportunity to integrate it with more solutions on the GLN. This will help us deliver more value to BoxTop customers and expand the geographic footprint into more countries in Europe."

"LSPs will continue to play a vital role in trade in the global economy," said Edward J. Ryan, chief executive officer of Descartes. "As LSPs continue to digitize their operations, we want to make sure that small to mid-sized LSPs have access to the same breadth of solutions to manage the life cycle of shipments in a secure and efficient manner. The acquisition of BoxTop puts us in a better position to deliver even more value to this community. We're excited to welcome the BoxTop employees, customers and partners into the Descartes family."

BoxTop is headquartered in Windsor, England. Descartes acquired BoxTop for approximately 10.25 million British pounds ($13-million (U.S.)), satisfied from cash on hand.

About The Descartes Systems Group Inc.

Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics intensive businesses. Customers use the company's modular software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. The company's headquarters are in Waterloo, Ont., Canada, and the company has offices and partners around the world.

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