Descartes Systems buys venture-backed Airclic for $29.7 mln

Descartes Systems Group has acquired Airclic Inc, a provider of mobile solutions that help companies reduce the cost of delivering goods by automating traditional paper-based processes. The acquisition was priced at US$29.7 million. Descartes, a Canadian provider of on-demand, software-as-a-service solutions, said the deal adds vertically-focused mobile capabilities to its fleet management platform. Based in Trevose, Pennsylvania, Airclic was founded in 1999 and has been venture-backed since 2000. Its investors include U.S. private equity and venture capital firms JMI Equity, New Venture Partners and Zon Capital Partners.

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