Descartes Systems

Global leader in providing on-demand, saas solutions focused on logistics-intensive businesses..

Launch date

1981

Employees

501-1000 people

Market cap

Enterprise valuation

AUD12.5b (Public information from Sep 2024)

Waterloo Ontario (HQ)

https://www.descartes.com/home

https://twitter.com/descartessg https://www.facebook.com/descartessystemsgroup https://www.linkedin.com/company/7058

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Revenues, earnings & profits over time

USD	2021	2022	2023	2024	2025	2026	2027
Revenues	349m	425m	486m	573m	640m	712m	783m
% growth	7 %	22 %	14 %	18 %	12 %	11 %	10 %
EBITDA	135m	168m	201m	230m	283m	321m	354m
% EBITDA margin	39 %	39 %	41 %	40 %	44 %	45 %	45 %
Profit	52.1m	86.3m	102m	116m	140m	172m	204m
% profit margin	15 %	20 %	21 %	20 %	22 %	24 %	26 %
EV / revenue	14.4x	14.0x	12.1x	12.5x	12.9x	11.3x	10.0x
EV / EBITDA	37.1x	35.4x	29.3x	31.1x	29.1x	25.1x	22.1x
R&D budget	54.1m	62.6m	70.4m	84.1m	-	-	-
R&D % of revenue	16 %	15 %	14 %	15 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
-	Plug and Play JMI Equity	N/A	-
May 1997	N/A	$15.1m	Early VC
Feb 1999	N/A	N/A	IPO
Total Funding		AUD23.3m

By Country

United States 16 United Kingdom 3 Germany 2 Canada 2 France 1 Belgium 1 Ireland 1

By Industry

Transportation 11 Enterprise Software 10 Fintech 2 Telecom 1 Travel 1 Event Tech 1 Legal 1

By Round

ACQUISITION 23 BUYOUT 1 EARLY VC 1

Foxtrot Systems

ACQUISITION by Descartes Systems Apr 2022

ACQUISITION by Telogis Mar 2012

ACQUISITION by Descartes Systems Jan 2023

ACQUISITION by Descartes Systems Jun 2012

ACQUISITION by Descartes Systems Dec 2016

ACQUISITION by Descartes Systems Nov 2014

ACQUISITION by Descartes Systems May 2017

BUYOUT by Descartes Systems Feb 2020

Routing International

ACQUISITION by Descartes Systems Jun 2010

ACQUISITION May 2016