Descartes Systems Group acquired PinPoint for its fleet tracking and mobile workforce applications.
PinPoint collects real-time location information on trucks and mobile workers using technology that includes Geotab (telematics) and SkyBitz (trailer tracking). The information is used by Descartes’ Routing, Mobile and Telematics suite and other third parties for fleet and mobile resource management and compliance.
“The Electronic Logging Device (ELD) mandate in the US has increased adoption of telematics solutions in both the US and Canada over the last few years,” said Vince Arone, general manager of PinPoint and vice president of mobile telematics solutions at Descartes. “We see a great opportunity to meet the growing needs of our customers by combining our team and expertise with Descartes’ wider Routing, Mobile and Telematics business.”
The Descartes suite is an integrated platform for managing delivery operations. PinPoint adds depth and breadth to the suite by enhancing Descartes’ ability to collect and leverage real-time information.
“Gathering real-time information about the location of vehicles continues to be a critical factor for our customers in making strategic decisions about how to deploy their assets,” said Edward J. Ryan, Descartes’ CEO. “By combining forces with PinPoint, we add scale and domain expertise to our solutions, and strengthen our relationships with key partners such as Geotab and Skybitz.”
PinPoint is headquartered in Toronto, Ontario. Descartes acquired PinPoint for up-front consideration of $CAD 15.0 million (approximately $USD 11.5 million at August 22, 2018), plus a potential performance-based consideration.