The Descartes Systems Group Inc. (TSX:DSG) is looking for acquisitions. During the Descartes Systems Group Quarterly Results Conference Call, Edward Ryan, CEO, said, "We remain well capitalized, cash generating, growing and ready to continue to invest in our business. We have a normal course issuer bid that allows us to purchase up to 8.6 million shares before December 2026.
We've made some purchases since last reported, and I'll allow Ed to give you those details in a minute. But especially in light of how the business performed last quarter, we are optimistic about the Descartes' future and the normal course issuer bid is a tool we could use to make further purchases. Because of that, we anticipate we'll continue to increase our level of investment in AI technologies.
Some of that will come from increased usage of existing AI tools within our business to build out our AI agent layer from building and designing new agents from enhancing the functionality that we have in our existing customer applications, from rapidly accelerating the interoperability of our solutions, from making our network more secure and reliable and from delivering a better customer experience. However, we also anticipate that our M&A strategy will include detailed consideration of how potential partners will enhance how we're using AI to help our customers." Edward Gardner, CFO, said, "Now I think we see the opportunity to build more, build faster, produce more for our customers. And that changes how we look at some of the acquisitions, but there's still a lot of great targets out there.
And I'd say we're very busy and active engaged looking at them. From a value -- maybe just a comment on the valuation side from a valuation perspective, it's quite not unusual for the private markets to not necessarily go completely in sync and not necessarily as quickly as the public markets. So as the prices come down, it's not necessarily at the same pace, but we are certainly seeing them come down a bit, and we remain engaged in a lot of opportunities right now and lots of discussions?.
