<SEC-DOCUMENT>0000929638-17-000707.txt : 20170815
<SEC-HEADER>0000929638-17-000707.hdr.sgml : 20170815
<ACCEPTANCE-DATETIME>20170815161531
ACCESSION NUMBER:		0000929638-17-000707
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20170815
FILED AS OF DATE:		20170815
DATE AS OF CHANGE:		20170815

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DESCARTES SYSTEMS GROUP INC
		CENTRAL INDEX KEY:			0001050140
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29970
		FILM NUMBER:		171034061

	BUSINESS ADDRESS:	
		STREET 1:		120 RANDALL ST
		CITY:			WATERLOO
		STATE:			A6
		ZIP:			N2V 1C6
		BUSINESS PHONE:		519-746-8110

	MAIL ADDRESS:	
		STREET 1:		120 RANDALL DRIVE
		CITY:			WATERLOO, ONTARIO, CANADA
		STATE:			XX
		ZIP:			N2V 1C6
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
<html>
<head>
<title>a69630_descartes6k.htm</title>
<!--Licensed to: morgan lewis
    Document created using EDGARfilings PROfile 4.3.2.0
    Copyright 1995 - 2017 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline" bgcolor="#ffffff">
<div>
<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div>
<table id="4a5b4c07dd284127b0b9d15324e29080" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 18pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">UNITED STATES</div>
</td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 18pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">SECURITIES AND EXCHANGE COMMISSION</div>
</td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Washington, D.C. 20549</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 68%" valign="top">&#160; </td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 18pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">FORM 6-K</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 68%" valign="top">&#160; </td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 12pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">REPORT OF FOREIGN PRIVATE ISSUER</div>
</td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 12pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</div>
</td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 12pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">THE SECURITIES EXCHANGE ACT OF 1934</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 68%" valign="top">&#160; </td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 68%" valign="top">&#160; </td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">For the month of&#160;August 2017</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 68%" valign="top">&#160; </td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Commission File Number:&#160;&#160;000-29970</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 68%" valign="top">&#160; </td>
</tr>

<tr style="HEIGHT: 17px">
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 68%" valign="top">&#160; </td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 18pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">THE DESCARTES SYSTEMS GROUP INC.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(Translation of registrant&#8217;s name into English)</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 68%" valign="top">&#160; </td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">120 Randall Drive</div>
</td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Waterloo, Ontario</div>
</td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Canada N2V 1C6</div>
</td>
</tr>

<tr>
<td style="WIDTH: 68%" valign="top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(Address of principal executive office)</div>
</td>
</tr>
</table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Form 20-F [ ]</font><font style="DISPLAY: inline" face="Wingdings2">&#160;</font><font style="FONT-SIZE: 10pt; DISPLAY: inline">Form 40-F [x]</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-WEIGHT: bold; DISPLAY: inline">Note</font>: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-WEIGHT: bold; DISPLAY: inline">Note: </font>Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant&#8217;s &#8220;home country&#8221;), or under the rules of the home country exchange on which the registrant&#8217;s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant&#8217;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ]</font><font style="DISPLAY: inline" face="Wingdings2">&#160;</font><font style="FONT-SIZE: 10pt; DISPLAY: inline">No [x]</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">82-_______________.</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; COLOR: #000000; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left; TEXT-INDENT: 36pt">The attached news release issued August 15, 2017 is furnished herewith as Exhibit 99.1.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left; TEXT-INDENT: 36pt">&#160;</div>
</div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">SIGNATURES</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table id="aed2d2111898407aadedc5d331c41194" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 47%" valign="top" colspan="2" align="left">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">THE DESCARTES SYSTEMS GROUP INC.</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 47%" valign="top" colspan="2">&#160; </td>
</tr>

<tr>
<td style="WIDTH: 47%" valign="top" colspan="2" align="left">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(Registrant)</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 47%" valign="top" colspan="2">&#160; </td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 47%" valign="top" colspan="2">&#160; </td>
</tr>

<tr style="HEIGHT: 11px">
<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; WIDTH: 6%; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal" valign="top" align="left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">By:</div>
</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; WIDTH: 94%; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal" valign="top" align="left">
<div style="TEXT-DECORATION: underline; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">/s/ Michael Verhoeve&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </div>
</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; WIDTH: 6%; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal" valign="top" align="left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Name:</div>
</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; WIDTH: 94%; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal" valign="top" align="left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Michael Verhoeve</div>
</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; WIDTH: 6%; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal" valign="top" align="left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Title:</div>
</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; WIDTH: 94%; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal" valign="top" align="left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: -47.05pt; TEXT-INDENT: 0pt">General Counsel</div>
</td>
</tr>
</table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date:&#160;&#160;August 15, 2017</div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">EXHIBITS</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table id="74ada501354e437c9a4d19716292bff9" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 15%; BORDER-BOTTOM: black 2px solid" valign="top" align="left">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Exhibit No.</div>
</td>
<td style="WIDTH: 85%; BORDER-BOTTOM: black 2px solid" valign="top" align="left">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Description</div>
</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 15%" valign="top">&#160; </td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 85%" valign="top">&#160; </td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 15%" valign="top" align="left">99.1</td>
<td style="WIDTH: 85%" valign="top" align="left">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; DISPLAY: block; TEXT-INDENT: 0pt">News Release issued August 15, 2017</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 15%" valign="top" align="left">&#160;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 85%" valign="top" align="left">&#160;</td>
</tr>
</table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
 &#160;</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-95.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>NEWS RELEASE ISSUED AUGUST 15, 2017
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: morgan lewis
    Document created using EDGARfilings PROfile 4.3.2.0
    Copyright 1995 - 2017 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div id="DSPFPageHeader">
<div style="FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 13.7pt">Exhibit 99.1</div>

<div style="LINE-HEIGHT: 13.7pt">&#160;</div>

<div style="LINE-HEIGHT: 13.7pt"><img src="descartes_logo.jpg"></div>

<div style="LINE-HEIGHT: 13.7pt">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 13.7pt"><img src="newsrelease_banner.jpg"></div>
</div>

<div style="LINE-HEIGHT: 13.7pt"><br style="LINE-HEIGHT: 13.7pt">
</div>

<div style="LINE-HEIGHT: 13.7pt">&#160;</div>

<div style="LINE-HEIGHT: 13.7pt">
<div style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana, sans-serif; FONT-WEIGHT: bold; COLOR: #555555; TEXT-ALIGN: center">Descartes Acquires MacroPoint</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #595959; FONT-STYLE: italic; TEXT-ALIGN: center; MARGIN-TOP: 2pt">Expands Global Logistics Network with Connections to over 2 Million Trucking Assets</div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555; TEXT-ALIGN: justify; MARGIN-TOP: 2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; FONT-WEIGHT: bold">WATERLOO, Ontario, August 15, 2017 (GLOBE NEWSWIRE)</font> -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired MacroPoint, LLC, an electronic transportation network providing location-based truck tracking and predictive freight capacity data content.</div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">&#8220;Consumers expect to see the location and progress of shipments from the point of order to delivery,&#8221; said Ken Wood, EVP of Product Management at Descartes. &#8220;With leading e-commerce retailers and other shippers demanding that their transportation providers provide real-time location-based information, the business-to-business market now has the same expectation of full visibility into transportation moves. To meet this expectation, MacroPoint has established what we believe is the preeminent network of connected vehicles and location-based content in North America.&#8221;</div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">US-based MacroPoint runs a connected network of over 2 million trucking assets and drivers. MacroPoint connects to trucks through integrations to on-board electronic logging devices (ELDs), transportation management systems, GPS-enabled smart phone applications and location-based mobile phone triangulation. MacroPoint uses this data to help transportation brokers, logistics service providers and shippers track the locations of deliveries in trucks. MacroPoint can also use this content to provide transportation brokers and shippers with predictive freight capacity to help identify early opportunities for additional freight moves.</div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">&#8220;MacroPoint is the market leader for truckload shipment visibility,&#8221; said Bennett Adelson, CEO of MacroPoint. &#8220;We believe that the combination of Descartes&#8217; Global Logistics Network with our cloud-based, real-time load visibility platform creates a truly differentiated offering that helps customers research, plan, execute and monitor multi-modal shipments around the world.&#8221;</div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">&#8220;Descartes has a successful history of electronically connecting transportation providers to transportation brokers, logistics intermediaries and shippers to share data, automate processes, and run more efficiently,&#8221; said Edward J. Ryan, Descartes&#8217; CEO. &#8220;With this experience, we appreciate the unique value of a network-based business focused on the transportation industry with a track record of high revenue growth, high recurring revenues and profitability. We&#8217;re excited to have MacroPoint join the Global Logistics Network so that we can jointly deliver even more value to the logistics and supply chain community.&#8221;</div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Descartes acquired MacroPoint on a tax-efficient basis for approximately $US 107 million satisfied with approximately $US 87 million in cash and $US 20 million in shares. The cash consideration was satisfied from $7 million of cash on hand and the balance from Descartes&#8217; existing acquisition line of credit. The share consideration is subject to a 12 month hold period, with 50% of the share consideration required to be held for at least 18 months.</div>

<div><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">&#8220;We view Descartes as a natural fit for the MacroPoint network and business,&#8221; said Amir Goldman of Susquehanna Growth Equity, LLC, a MacroPoint shareholder. &#8220;We believe there are tremendous opportunities for the combined business, which is why we&#8217;ve become Descartes shareholders as part of this transaction.&#8221;</div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">MacroPoint is headquartered in Cleveland, Ohio and connects more than 8,000 transportation providers,</div>
</div>

<div style="LINE-HEIGHT: 15.95pt">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; COLOR: #000000; LINE-HEIGHT: normal"><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; COLOR: #000000; LINE-HEIGHT: normal"><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>

<hr style="BORDER-TOP: medium none; HEIGHT: 1px; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; COLOR: #000000; LINE-HEIGHT: normal"><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>

<div><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"><br>
 &#160;</font></div>

<div><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>&#160;</div>

<div style="FONT-SIZE: 7pt; FONT-FAMILY: Verdana, Geneva, sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: normal"><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #083d9f">The Descartes Systems Group Inc.</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> |</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343">TSX:</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> DSG |</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343">NASDAQ:</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> DSGX | 120 Randall Drive, Waterloo, Ontario, N2V 1C6, Canada</font></font></div>

<div style="FONT-SIZE: 7pt; FONT-FAMILY: Verdana, Geneva, sans-serif; TEXT-ALIGN: left"><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343">Toll Free</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> 800.419.8495 |</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343">Int&#8216;l</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> 519.746.8110 | </font><font style="FONT-SIZE: 7pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #00aaff; FONT-STYLE: normal"><u>info@descartes.com</u></font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343">| </font><font style="FONT-SIZE: 7pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #00aaff; FONT-STYLE: normal"><u>www.descartes.com</u></font></font></div>
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt"><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always"><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>

<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; COLOR: #000000; LINE-HEIGHT: normal">
<div><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; TEXT-ALIGN: justify; MARGIN-TOP: 2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555">brokers and shippers. At the time of acquisition, MacroPoint had annualized revenues of approximately $US 12.5 million. More information on MacroPoint can be found at </font><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #00aaff"><u>www.macropoint.com</u></font><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555">.</font></div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; FONT-WEIGHT: bold; COLOR: #555555; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Second Quarter Fiscal 2018 Financial Results and Conference Call</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff"><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555">Descartes is scheduled to </font><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #595959">report its second quarter fiscal 2018 financial results after</font><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555"> market close on Wednesday, September 6, 2017. Members of Descartes' executive management team will host a conference call to discuss the MacroPoint acquisition and Descartes&#8217; financial results at </font><a name="SG_de381e265806467a8072cbf14a2431eb_491"><!--Anchor--></a><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555">5:00 p.m. ET on Wednesday, September 6. Designated numbers are +1 888 465-5079 for North America and +1 416 216-4169 for international, using Passcode 9965517#. For more details on webcasts and conference call replays, please visit </font><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #00aaff">www.descartes.com/descartes/investor-relations</font><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #555555">.</font></div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; FONT-WEIGHT: bold; COLOR: #555555; TEXT-ALIGN: left; MARGIN-TOP: 2pt">About Descartes Systems Group</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; TEXT-ALIGN: justify; MARGIN-TOP: 2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #555555">Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure 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. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at </font><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #00aaff"><u>www.descartes.com</u></font><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #555555">.</font></div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; FONT-WEIGHT: bold; COLOR: #555555; TEXT-ALIGN: left; MARGIN-TOP: 2pt">Global Media Contact</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #434343; TEXT-ALIGN: left; MARGIN-TOP: 2pt">Mavi Silveira</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #434343; TEXT-ALIGN: left; MARGIN-TOP: 2pt">Tel: +1(800) 419-8495 ext. 202416</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #00aaff; TEXT-ALIGN: left; MARGIN-TOP: 2pt"><u>msilveira@descartes.com</u></div>

<div style="MARGIN-TOP: 2pt"><br>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; TEXT-ALIGN: left; MARGIN-TOP: 2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; FONT-WEIGHT: bold; COLOR: #555555; BACKGROUND-COLOR: #ffffff">Cautionary Statement Regarding Forward-Looking Statements</font></div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana, sans-serif; COLOR: #434343; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' acquisition of MacroPoint, respective solution offerings and potential benefits derived from the acquisition and the respective solution offerings; 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 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 including Descartes most recently filed management's discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. 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, except as required by law.</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: normal">&#160;</div>

<div><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>&#160;</div>

<div><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>&#160;</div>

<div><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>&#160;</div>

<div><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>&#160;</div>

<div><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>&#160;</div>

<div><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"></font>

<div style="FONT-SIZE: 7pt; FONT-FAMILY: Verdana, Geneva, sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: normal"><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"><font id="DSPFPageNumber" style="FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #083d9f">The Descartes Systems Group Inc.</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> |</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343">TSX:</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> DSG |</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343">NASDAQ:</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> DSGX | 120 Randall Drive, Waterloo, Ontario, N2V 1C6, Canada</font></font></font></div>

<div style="FONT-SIZE: 7pt; FONT-FAMILY: Verdana, Geneva, sans-serif; TEXT-ALIGN: left"><font id="DSPFPageNumber" style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"><font id="DSPFPageNumber" style="FONT-FAMILY: Verdana, Geneva, 'sans-serif'; FONT-WEIGHT: normal; FONT-STYLE: normal"><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343">Toll Free</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> 800.419.8495 |</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343">Int&#8216;l</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> 519.746.8110 | </font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif">info@descartes.com</font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif; COLOR: #434343"> | </font><font style="FONT-FAMILY: Verdana, Geneva, sans-serif">www.descartes.com</font></font></font></div>
</div>
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>descartes_logo.jpg
<TEXT>
begin 644 descartes_logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0 617AI9@  24DJ  @           #_
MVP!#  $! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_VP!# 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0'_P  1"  D )X# 2(  A$! Q$!_\0 'P   04! 0$! 0$           $"
M P0%!@<("0H+_\0 M1   @$# P($ P4%! 0   %] 0(#  01!1(A,4$&$U%A
M!R)Q%#*!D:$((T*QP152T? D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%
M1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9
MFJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?H
MZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$! 0$! 0        $" P0%!@<("0H+
M_\0 M1$  @$"! 0#! <%! 0  0)W  $" Q$$!2$Q!A)!40=A<1,B,H$(%$*1
MH;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U15
M5E=865IC9&5F9VAI:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::G
MJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W
M^/GZ_]H # ,!  (1 Q$ /P#^_BBOP)_9A^*W_!5/]KOP;\5/BI\,OVB/V9O"
M.D>"_CU\7_A3H'@3QW\!-9OAJ$/PZ\1_8;%M5\6Z!XOBNK:WU"RN+>WFNK71
M9KR%X9KG9,\R(GW3^PU^V7XS_:&U7XR_!'X]_#BP^$'[5'[-NO:5H?Q8\&:)
MJ<NK>#]<TKQ#;37?A?X@> M0NF>^G\,>(K:WFDCM;J2\FL4DL)3J5S'J4/D@
M'Z&T5^0W[67QP_;$N?V]O@S^R)^S/\4?AC\*]-\>?LZ>+OB_J^O?$+X72?$<
M?VMX5\7WNCO:P0V_B'0+B"*\L?L<:A;AHX9(9IO+F\WRD^W_ -FKPA^U5X1T
MGQ7!^U+\8_AI\8-8O=4T^;P???#7X87GPRM-#TF*R:/4;+5;2[\2>)&U:ZNK
MXQW%O=QRVJ6\*O T,A.^@#Z:HK\H/V]?VK?CKX!^/_[,7[(OP!\5?"[X->+O
MVCK3QMK-S\>_C1I,VO>%/#5KX-BM1;^$O"F@O>:=IFO^/?$=U<+;Z?I^J7PA
M::XTJSCA:;54N;?Z3_98\*_MR>#M6\<Z-^UK\6/@G\9/#$=KH=Q\-_&/PY\
MZO\ #WQG<WTTFI+XCLO&&@?;;GPS;6=C##I;:1)H_P!HN+UKRY>YG@^S?9Z
M/LRBOS[_ &\?VPO%W[-MI\'_ (8?!+P+IGQ/_:>_:8\:S> /@GX,UZ_ETWPM
M936$%O=>)O'?C:[M6CNXO"OA*SO+.XO8+>>SFO&N,_;+:VM+R:+SCP+\*/\
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K **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** /_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>newsrelease_banner.jpg
<TEXT>
begin 644 newsrelease_banner.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ :0.$ P$1  (1 0,1 ?_$ )T  0$!  ,! 0
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M098:@ # &% E00#"LO,*@+:%#S R10 !00#*H9%!%@,*& !1M  H! "L[ H
M@!D5 995#"AYF%  \PU V@>GG8/'(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @)A0 !0!ED4!5L  H8&62506 \PK+S  J &162*@,@!5!&DP!
M@9"AA8#)(B+ "L@ 4/( >05DBE@985 #"LO,@-H4!0 /,*MA!EAJ  , 84"5
M! ,*R\PJ MH4/,#)%  %! ,JAD4$6 PH8 %&T "@$ *SL"@" &14!EE4,*'F
M84 #S#4#:!Z>=@\<@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
MF%  % &610%6P "A@99)5!8#S"LO, "H 9%9(J R %4$:3 &!D*&%@,DB(L
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M5!&DP!@9"AA8#)(B+ "L@ 4/( >05DBE@985 #"LO,@-H4!0 /,*MA!EAJ
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M62<%%/\ 55$Q_P"+@+]>=LVVHT=$O]:JK6JZCA&E1;HQG-8QBY-;=GBC[_\
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MZ<N.*Z?A+SG=]M5@RU8ZOC3+A'V<= 3"@ "@#+(H"K8 !0P,LDJ@L!YA67F
M!4 ,BLD5 9 "J"-)@# R%#"P&21$6 %9  H>0 \@K)%+ RPJ &%9>9 ;0H"@
M >85;"#+#4  8 PH$J" 85EYA4!;0H>8&2*  *" 95#(H(L!A0P *-H % (
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MMG]NW5XKR==W<53?R?W;]/9TYRW 0$PH  H RR* JV  4,#+)*H+ >85EY@
M5 #(K)%0&0 J@C28 P,A0PL!DD1%@!60 *'D /(*R12P,L*@!A67F0&T* H
M'F%6P@RPU  & ,*!*@@&%9>85 6T*'F!DB@ "@@&50R*"+ 84, "C: !0" %
M9V!0! #(J RRJ&%#S,* !YAJ!M ]/.P>.0$! 0$! 0$! 0$! 0%@! 0$! 0$
M! 0$! 0$! 0$! 0$! 3"@ "@#+(H"K8 !0P,LDJ@L!YA67F !4 ,BLD5 9 "
MJ"-)@# R%#"P&21$6 %9  H>0 \@K)%+ RPJ &%9>9 ;0H"@ >85;"#+#4
M8 PH$J" 85EYA4!;0H>8&2*  *" 95#(H(L!A0P *-H % ( 5G8% $ ,BH#+
M*H84/,PH 'F&H&T#T\[!XY 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0
M$! 0$!,*  * ,LB@*M@ %# RR2J"P'F%9>8 %0 R*R14!D *H(TF ,#(4,+
M9)$18 5D "AY #R"LD4L#+"H 85EYD!M"@* !YA5L(,L-0 !@#"@2H(!A67F
M%0%M"AY@9(H  H(!E4,B@BP&%#  HV@ 4 @!6=@4 0 R*@,LJAA0\S"@ >8:
M@;0/3SL'CD! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$PH  H
MRR* JV  4,#+)*H+ >85EY@ 5 #(K)%0&0 J@C28 P,A0PL!DD1%@!60 *'D
M /(*R12P,L*@!A67F0&T* H 'F%6P@RPU  & ,*!*@@&%9>85 6T*'F!DB@
M"@@&50R*"+ 84, "C: !0" %9V!0! #(J RRJ&%#S,* !YAJ!M ]/P.P>.6
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5" @(" @(" @(" @(" @(" @(#__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
