Descartes buys Aljex Software for $32.4m
February 13, 2018
Canadian logistics company Descartes Systems has paid $32.4m to acquire Aljex Software, a New Jersey cloud-based provider of back-office transportation management for freight brokers and transportation providers.
Serving freight brokers and transportation providers for more than 20 years, Aljex has built a robust platform backed by deep domain expertise. With nearly 400 customers in North America using the platform to plan and execute around three million freight moves per year, Aljex’s products help companies automate business processes and create electronic documents critical for executing transportation moves.
Users can manage the lifecycle of a shipment from order creation through execution, including real-time tracking with connectivity to the Descartes MacroPoint network.
"Descartes has worked with Aljex for a number of years to provide end-to-end solutions for the freight broker community in North America," said Edward Ryan, Descartes' CEO. "We now have an opportunity to fully integrate Aljex into the global logistics network. In doing so, we can provide customers with improved access to track shipments and the ability to better utilise increasingly scarce carrier capacity."
Aljex is headquartered in Somerville, New Jersey. Descartes acquired Aljex for US$32.4m in cash, satisfied from Descartes' existing acquisition line of credit.
"Managing the capacity on trucks profitably while meeting increasingly high customer delivery expectations is a complex task," said Tom Heine, CEO of Aljex. "Aljex helps solve the unique problems faced by freight brokers and transportation providers in this demanding environment. These solutions can also be utilised by large fleet operators looking to broker their own excess capacity and improve truck utilisation."
Descartes provides on-demand, software-as-a-service focused on improving the productivity, performance and security of logistics-intensive businesses. This modular service can be used to route, schedule, track and measure 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.