Toronto-based PinPoint acquired by Descartes Systems Group for $15 million

Descartes Systems Group has acquired Toronto-based PinPoint, which allows users to collect real-time location information on trucks and mobile workers, for $15 million.

Descartes said the acquisition will add scale and expertise to its suite of solutions for managing delivery operations. Specifically, Descartes’ Routing, Mobile & Telematics suite can leverage PinPoint to enable mobile resource productivity, manage driver performance, collect real-time information, and comply with government regulations.

“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.”

 
“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, CEO of Descartes. “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. I’d like to take this opportunity to welcome the PinPoint employees, customers and partners into the Descartes ecosystem.”

As part of the acquisition, Vince Arone, general manager of PinPoint, will join Descartes as its vice president of mobile telematics solutions.

“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. The US ELD mandate comes into full effect in December 2019, and Canada’s ELD mandate is expected to follow,” said Arone. “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.”

Photo via Unsplash

Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.