Gartner Research

Descartes Acquires Centricity and TranSettlement

Published: 25 June 2001

ID: G00190173

Analyst(s): Gerald McNerney

Summary

Taking advantage of rocky economic conditions and a weakened set of competitors, Descartes continued its aggressive expansion plans by acquiring two more companies to expand its Global Logistics Network (GLN). With a $22.9M stock swap for trucker messaging services vendor TranSettlement, Descartes gains new messaging capabilities for its GLN, helping it expand to all modes of transportation. TranSettlement will operate as an independent unit, bringing Descartes an estimated 70% share of the motor freight Electronic Data Interchange (EDI) and Internet-centric transaction messaging in North America and new sales opportunity to expand GLN in the sector.

©2019 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client