Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Descartes Systems has moved to deepen its transportation-management footprint with the acquisition of California-based Tai Software for approximately $100 million in cash.</li><li>Announced on August 24, 2026, the transaction adds an AI-powered freight-brokerage platform that coordinates quoting, carrier sourcing, load execution, billing, customer engagement, and shipment workflows across truckload, less-than-truckload, drayage, and cross-border movements.</li><li>The deal follows a strong first quarter of fiscal 2027 for Descartes, when revenue reached a record $193.6 million, services revenue rose 15% year over year, organic services growth exceeded 9%, and adjusted EBITDA margin reached 46%.</li></ul>

Descartes Systems has moved to deepen its transportation-management footprint with the acquisition of California-based Tai Software for approximately $100 million in cash.Announced on August 24, 2026, the transaction adds an AI-powered freight-brokerage platform that coordinates quoting, carrier sourcing, load execution, billing, customer engagement, and shipment workflows across truckload, less-than-truckload, drayage, and cross-border movements.The deal follows a strong first quarter of fiscal 2027 for Descartes, when revenue reached a record $193.6 million, services revenue rose 15% year over year, organic services growth exceeded 9%, and adjusted EBITDA margin reached 46%.

Descartes’ $100 Million Buyout Could Strengthen Its Freight Moat!

Descartes Systems Grp

Descartes’ $100 Million Buyout Could Strengthen Its Freight Moat!