Descartes Systems acquires Airclic for $29M

Descartes Systems Group has acquired Airclic, a provider of mobile applications designed to reduce the cost of delivering goods by automating traditional paper-based processes.

Airclic says its cloud-based mobile applications help streamline and automate “last mile” logistics processes, a key piece of the supply chain that directly touches customers and has traditionally been fraught with manual paper-based processes. Central to Airclic’s Perform platform is a configurable electronic proof of delivery (POD) application that operate on a hand-held device carried by the driver. The application is deployed on more than 40,000 handheld devices in a number of industry verticals including third-party logistics (3PL), food and beverage, retail and healthcare.

“Demand is steadily growing for robust mobile applications that help customers improve their fleet operations and compete more effectively,” said Andrew Roszko, senior vice president of sales at Descartes.

“Descartes and Airclic have several common customers who have achieved significant value by augmenting their route planning and optimization systems with comprehensive mobile data at the driver, vehicle and stop level,” said Edward J. Ryan, Descartes’ CEO. “With a focus on integrating our businesses to provide superior results for our customers, we believe we can meet the growing demand for integrated routing and mobile fleet management solutions and put Airclic on a path to achieving similar operational profitability to Descartes.”

Airclic is headquartered in Trevose, Pennsylvania. The purchase price for the acquisition was approximately $29.7 million. Airclic was backed by JMI Equity, New Venture Partners and Zon Capital Partners. Canaccord Genuity Inc. acted as financial advisor to Airclic.