Descartes acquires Exentra for $17 million
SaaS provider of driver compliance solutions for the EU becomes part of Descartes.
Descartes Systems Group of Waterloo, Ontario, has acquired Exentra Transport Solutions Ltd, a United Kingdom-based provider of software-as-a-service (SaaS) driver compliance solutions for the European Union (EU). Descartes said it paid about $17 million for Exentra, which is headquartered in Chippenham, England.
Exentra's cloud-based compliance management platform, Smartanalysis, helps truck fleet operators leverage the data from a vehicle's tachograph to comply with EU-wide legislation governing driver compliance. In the European Union, any truck weighing more than 3.5 tons is required by law to have a tachograph, a device that automatically records speed and distance as well as driver activity.
Descartes said the acquisition means that Exentra's customers will be added to Descartes' cloud-based Logistics Technology Platform, which helps more than 35,000 trading partners connect and collaborate to improve logistics operations.
Descartes said the acquisition will not only strengthens the company's investment in the UK market but also help improve its own compliance and routing applications. "The EU driver compliance legislation has been in place longer than comparable regulations in North America. In the EU, not only is every vehicle required to have tachograph hardware, but the hardware is standardized and fitted during vehicle production," said Steve Fisher, CEO of Exentra and Director of Compliance at Descartes. "Our experience strengthens Descartes' Routing, Mobile, and Telematics suite to address the U.S. regulatory environment."
Resources Mentioned In This Article
- Companies report double-digit growth in industrial IoT usage
- Penske updates driver app with roadside assistance and fleet update
- XPO says software pilot projects could generate $100 million profit in two years
- Turvo raises $60 million for supply chain collaboration and visibility platform
- Gartner flags 10 strategic tech trends for 2019
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Descartes acquires Exentra for $17 million">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.