The Descartes Systems Group (DSG.TO) agreed to acquire Tai, a California-based provider of an AI-powered platform for freight brokers, for $100 million.
Tai's platform complements Descartes' expertise in carrier onboarding, compliance, fraud prevention and real-time visibility, Descartes said Monday.
"By combining our solutions, we see a significant opportunity to help freight brokers navigate change, streamline freight execution, improve operating margins, strengthen customer and carrier relationships, and support digital transformation," Descartes CEO Edward Ryan said.