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Descartes Systems buys Idelic for about US $28 million upfront

PUBT·04/23/2026 11:11:07
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Descartes Systems buys Idelic for about US $28 million upfront
  • Descartes Systems Group acquired Idelic, an AI-powered driver safety and performance management software provider.
  • Up-front consideration totaled about US $28 million, funded with cash on hand.
  • Deal includes an all-cash earn-out of up to US $12 million tied to revenue targets in first two years post-acquisition.
  • Any earn-out payments are expected in fiscal 2028 and fiscal 2029.
  • Transaction adds fleet safety data and predictive analytics intended to strengthen Descartes’ Global Logistics Network and fleet performance management offering.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Descartes Systems Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604230700PRIMZONECNPR____9695515) on April 23, 2026, and is solely responsible for the information contained therein.