Truck and Track Spring 2023 Spring 2023 Truck and Track 21 DESCARTES™ Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announces that it is continuing to sponsor True Heroes Racing during its 2023 racing season. This season marks Descartes’ fifth year of involvement with the unique organisation. True Heroes Racing is the UK’s first and only motorcycle race team dedicated to supporting Wounded, Injured and Sick (WIS) UK Service personnel and Veterans, and provides people the chance to become involved in all areas of motorcycle racing in the UK. “True Heroes Racing strives to provide WIS UK Service personnel and Veterans with the opportunity to be part of an exciting, fun and successful motorcycle racing team. Aside from the exhilaration and fun that comes with being associated with motorcycle racing, we provide our True Heroes Racing beneficiaries with the camaraderie and teamwork ethos that only the military offers. Often this is dearly missed. So, we’re proud that our team offers this to one another,” says Phil Spencer, Founder & Team Principal, True Heroes Racing. “We’re especially thankful for Descartes support over the past four years too. It means that we can continue to provide opportunities to those important WIS UK Service personnel and Veterans who have proudly served our country throughout their careers.” Being a part of a team, competing in motorsport at the highest level is an immense challenge for anyone. However, it provides the Wounded, Injured and Sick UK Service personnel & Veterans, who form True Heroes Racing, with truly unique opportunities to aid their rehabilitation and recovery. Their direct involvement as part of a high end motorsport team, all working towards the same output, also provides them with the opportunity to regain a focus and define specific goals to strive towards. Motorcycle racing is a fast, frenetic and high-pressure environment, not too dissimilar in many ways to the battlefield. It is also a world that many Service personnel would not have considered open to them, even when they were fully able bodied, let alone post illness or injury. Competing at the British Superbike Championships - which are widely respected as the best domestic motorcycle race championships in the world - not only enables True Heroes Racing to provide unique opportunities to its beneficiaries, but it also enables it to portray its message of overcoming adversity and inspiration through achievement to the widest possible public audience, at race circuits the length and breadth of the UK and a worldwide TV audience. “We’re so pleased to sponsor the True Heroes Racing team for another season. The organisation does great work across the UK, both on and off the racetrack,” said Andrew Tavener, Head of Marketing, Descartes Systems UK. “Since forming 10 years ago, it has offered amazing opportunities to various beneficiaries with a variety of physical and mental disabilities, in roles across the entire two-wheeled motorsport arena. True Heroes Racing is proving to - and inspiring - people that life changing injuries or illness do not have to limit their lifestyle and the choices that people are able to make.” Descartes Sponsors True Heroes Racing During 2023 Season Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, has acquired GroundCloud, a cloud-based provider of final-mile carrier solutions and road safety compliance tools. GroundCloud is a leader in final-mile logistics automation, combining operations, safety and compliance in an integrated platform. Final-mile carriers leverage the platform to receive customer delivery orders, plan and execute routes against those orders, train and monitor drivers on safety and performance, manage assets and resources, and analyze the operating efficiency of their business. GroundCloud’s platform also incorporates video telematics to provide driving event detection and verification, combined with reactive coaching solutions designed to improve safety. “To deliver safely and efficiently on customer expectations in today’s dynamic market conditions, final-mile carriers need a holistic approach to operations, safety and compliance,” said Andrew Roszko, Chief Commercial Officer at Descartes. “This challenge is even more complex for the thousands of subcontracted delivery service providers working as agents for larger carriers. GroundCloud helps ensure seamless operations, end-to-end visibility, and standards of safety and compliance are met, including helping final-mile carriers comply with the various safety mandates of large transportation brands.” “Descartes continues to invest in our final-mile capabilities to make sure that our customers can fulfil orders and meet delivery commitments efficiently with worker and community safety at the forefront,” said Edward J. Ryan, Descartes’ CEO. “When combined with Descartes, we see a tremendous opportunity to leverage GroundCloud’s safety content and compliance solutions across a wider set of industry verticals in our routing and mobile customer base. I’d like to welcome the GroundCloud customers, partners and team of domain experts to Descartes.” GroundCloud is headquartered in Minneapolis, Minnesota. Descartes acquired GroundCloud for up-front consideration of approximately $USD 138 million satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performancebased earn-out is $USD 80 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2025 and fiscal 2026. Descartes Acquires GroundCloud Strengthens Final-Mile Carrier Capabilities and Adds Road Safety Compliance Platform