Our customers and business partners recognize that Descartes' software-as-a-service solutions help improve delivery performance and productivity, and this is in turn prompting them to refer to us new opportunities to demonstrate our value.

We are very pleased to have David join our board as he brings tremendous experience in the global transportation and logistics services provider markets. We look forward to David's strategic insight, not only as a global logistics industry veteran, but also as a successful executive familiar with the tremendous value that logistics technology can bring to transportation and logistics services provider markets.

We are excited that our visibility solution can address an important delivery management requirement for Canon Europe. This is a great example of how Descartes' services-based business model allows companies such as Canon Europe to pilot and see the business value of our solutions before having to make significant financial commitments to use our technology.

We are excited to have such a seasoned executive with a history of helping businesses develop and grow join Descartes. On behalf of the board of directors and management, I welcome him to our team and look forward to seeing the impact his industry leadership in mobile asset, transportation, warehouse and event management technology has on our progress.

Greg has an unparalleled track record of helping services-based technology companies grow into market leaders and we are ecstatic that, out of all of his choices, he has decided to bring his franchise to Descartes. With the successes and results our customers have achieved using our new solutions and services, together with our new field organization, Greg has a strong platform on which to help us build our future successes.

We look forward to David's strategic insight, not only as a global logistics industry veteran, but also as a successful executive familiar with the tremendous value that logistics technology can bring to transportation and logistics services provider markets.