DESCARTES SYSTEMS GROUP INC (DSGX) Form 6-K — Apr 23, 2026
Descartes Systems Group announced the acquisition of Idelic, a provider of AI-powered driver safety and performance management solutions, for an upfront cash consideration of approximately $28 million. The deal includes a potential earn-out of up to $12 million based on revenue targets achieved in the first two years post-acquisition, with payments expected in fiscal 2028 and 2029.
Key figures
- Deal Value Usd
- 28000000
- Integrations
- 80
- Accident Records
- 400,000
- Earn Out Potential
- US $12 million
- Telemetry Data Points
- 40 billion miles
- Upfront Consideration
- US $28 million
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