Localz has been acquired by Nasdaq-listed Descartes Systems Group
Arrowpoint Advisory’s TMT team has advised Localz on its asset sale to Nasdaq-listed Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce.
The Localz platform combines real-time vehicle location tracking and communications to deliver safe, transparent, customer-centric SaaS solutions that transform the customer delivery experience. End customers can schedule services and deliveries through an online portal, and then follow the progress of their order in real-time with advanced notifications built in. Localz also helps retailers provide a premium, highly efficient “click-and-collect” solution that improves the in-store collection process.
Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security, and sustainability of logistics-intensive businesses. Customers use modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community.
Javier Brage, Chairman of Localz, highlighted: “The Arrowpoint Advisory team were tireless and tenacious in driving this complicated multi-jurisdictional transaction over the line. Their combination of big-picture strategic thinking and control of every detail was invaluable.”
Edward J Ryan, CEO at Descartes, added: “End customers demand visibility and choice. Localz has a highly complementary solution to Descartes that dramatically improves the scheduling and day-of-service customer experience. We’re thrilled to welcome the Localz employees, customers and partners into the Descartes family and we look forward bringing this new technology to our wider customer base.”
Alex Belk, Associate, commented: “With the ability to both transform the end user experience whilst also unlocking significant scheduling efficiencies, Localz’ have created a platform that is truly unique in its market. In Descartes, they have found a highly complementary partner than can take them to the next level.”
Daniel Domberger, Managing Director at Arrowpoint Advisory, concluded: “We are delighted to have helped the Localz team move the platform into a home that will accelerate its go-to-market and unlock its clear potential.”