The Descartes Systems Group Inc.

The Descartes Systems Group Inc.

November 20, 2006 20:30 ET

Descartes Signs Definitive Agreement to Acquire Assets of Cube Route

WATERLOO, ONTARIO--(CCNMatthews - Nov. 20, 2006) - On-demand logistics software and services specialist The Descartes Systems Group Inc. (NASDAQ:DSGX)(TSX:DSG) signed a definitive agreement to acquire certain assets of privately-held Toronto, Ontario company Cube Route Inc. The all-cash transaction is scheduled to close during Descartes' fiscal quarter ending January 31, 2007.

Cube Route provides on-demand logistics management solutions that include planning, routing, sequencing and optimizing of delivery routes, real-time driver and vehicle tracking, and delivery route analysis. Offered on a pay-as-you-go subscription basis, Cube Route's solution for last mile logistics is used by distribution-sensitive organizations to lower operating costs, improve customer service and reduce operational complexity. Cube Route's innovative offering has been recognized in 'Top 100' award listings in publications such as Supply & Demand Chain Executive, Food Logistics and Global Logistics & Supply Chain Strategies. For additional information on Cube Route visit

Descartes (NASDAQ:DSGX)(TSX:DSG) is a software-as-a-service company that has been dedicated since its founding in 1981 to developing the world's largest multimodal electronic logistics messaging network, called the Global Logistics Network or GLN. Descartes' on-demand GLN processes more than a million messages every day for companies with transport operations. Descartes also offers software layered on top of the GLN for areas including truck scheduling and route optimization that allows carriers, shippers and intermediaries to translate these messages into actionable information. This information is shared by more than 3,000 Descartes customers, and their customers, in 60 countries. Descartes' customers include about 1,600 ground carriers and more than 90 airlines, 30 ocean carriers, 900 freight forwarders and third-party providers of logistics services, and hundreds of manufacturers, retailers, distributors, private fleet owners and regulatory agencies. The company has about 295 employees and is based in Waterloo, Ontario, with operations in Ottawa, Atlanta, Pittsburgh, Washington, D.C. and Stockholm. On the Net:

This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to the anticipated closing and timing of closing of Descartes' acquisition of certain assets of Cube Route; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the non-fulfillment or any delay in fulfilling the conditions to closing set out in the definitive agreement such as third party consents to transfer of assets and agreements, key employees joining Descartes, Descartes' further due diligence, the absence of material adverse changes and litigation, and the consent of Cube Route's shareholders to the deal; and other factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.

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