WATERLOO, Ontario, July 7, 2014 (GLOBE NEWSWIRE) -- Descartes Systems Group ("Descartes") (TSX:DSG) (Nasdaq:DSGX), a global leader in uniting logistics-intensive businesses in commerce, today announced that its Board of Directors has approved certain inducement awards for two recently-hired executive officers.

Allan Brett joined Descartes as Chief Financial Officer on May 29, 2014. As an inducement material to his employment, Mr. Brett was awarded options to purchase 100,000 common shares of Descartes at an exercise price equal to the closing price of the common shares on July 2^nd, 2014. The options have a seven year term and vest over five years, with twenty percent vesting after the first year of the vesting period and the balance vesting in equal quarterly amounts over the remainder of the five years. In addition, and as a further inducement to his employment, Mr. Brett has been awarded 6,642 restricted stock units and 6,642 performance stock units. The restricted stock units vest in equal annual amounts over a three year period. The performance share units vest at the end of a three year period based upon achievement of certain performance criteria established by the Compensation Committee of Descartes' Board of Directors.

Michael Verhoeve joined Descartes as Executive Vice President, Legal, General Counsel and Corporate Secretary on May 26, 2014. As an inducement material to his employment, Mr. Verhoeve was awarded options to purchase 75,000 common shares of Descartes at an exercise price equal to the closing price of the common shares as of July 2^nd, 2014. The options have a seven year term and vest over five years, with twenty percent vesting after the first year of the vesting period and the balance vesting in equal quarterly amounts over the remainder of the five years.

About Descartes

Descartes is a global leader in uniting logistics-intensive businesses. Descartes has over 173,000 parties using its cloud-based services. 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; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multi-modal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world.