[June 13, 2011] Telargo acquired by Descartes Tweet Jun 13, 2011 (TELECOMWORLDWIRE via COMTEX) -- Logistics technology provider Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX) announced on Monday that it has acquired telematics solutions provider Telargo Inc. Descartes paid approximately USD9.6m in cash to complete the acquisition. According to the company, Telargo is a software-as-a-service (SaaS) provider of Mobile Resource Management (MRM) telematics solutions that allow its clients to monitor and manage mobile assets and help fleet owners comply with transportation regulations. By adding Telargo's telematics solutions to the Descartes Routing, Mobile and Telematics suite, the company can offer its customers a pre-integrated, end-to-end MRM solution that combines hardware and software and is delivered over the Descartes Global Logistics Network, Descartes said. Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ]