US chipmaking giant Qualcomm has sold its Omnitracs telematics division to private-equity player Vista for the sum of $800 million in cash.
The deal is to include all the Omnitracs operations in the US, Canada and Latin America, as well as Sylectus and FleetRisk Advisors – telematics businesses that Omnitracs bought in 2011.
The transaction is expected to close between October and December after the companies have secured the necessary regulatory approvals.
Satellite operator and M2M specialist Orbcomm saw second-quarter revenues increase at a double-digit rate thanks to growing subscriber numbers and buoyed by takeover activity.
The operator’s sales rose by 13.7%, compared with the same period last year, to $18.6 million, with the acquisitions of GlobalTrak and MobileNet contributing $500,000 to overall revenues.
Nevertheless, rising costs associated with the takeovers plus investments in product development triggered a 10.4% fall in net income, to $1.67 million.
M2M MVNO RACO Wireless has completed the acquisition of location-based services specialist Position Logic in a move aimed at improving its managed services offer to M2M customers.
Position Logic’s (Naples, FL, USA) technology allows enterprises to track and manage their assets through a web-based platform and the company claims it can integrate virtually any signaling device into its software to provide real-time monitoring across the globe.
The number of fleet management systems deployed in commercial vehicle fleets across Russia, CIS countries and Eastern Europe will rise from 2.2 million at the end of 2012 to 6.1 million by 2017, according to new research from Berg Insight.
The automotive industry stands out as the most pioneering vertical market when it comes to adoption of M2M services, according to a new survey conducted by Vodafone.
Some 19% of automotive organizations interviewed by the operator said they had already launched an M2M strategy, while 40% were expecting to launch one in the next two years.
MiX Telematics has launched a new configurable video recording system allowing fleet managers to view footage of drivers and their view of the road.
Called MiX Vision, the service is apparently designed as an add-on to the telematics specialist’s existing fleet-management service.
Commercial fleet telematics in the government sector is set to generate $1.26 billion in 2018, up from just $618 million last year, according to a new study from ABI Research.
The market-research company says growth will be driven by pressure on government and public sector agencies to reduce costs but maintain service levels.
As a result, organizations are exploring ways of improving utilization of vehicle fleets and ensuring they comply with new regulation and environmental legislation.
Software giant Oracle has championed the cause of the International M2M Council – of which it is a founder member – saying the newly formed trade group will demonstrate the business benefits of M2M services to a variety of vertical markets.
“The IMC intends to show vertical markets how M2M works and what’s in it for them,” says Chris Baker, Oracle’s senior vice president for Worldwide ISV, OEM and Java sales.
“M2M cuts across broad and diverse markets, and the key to evangelism success will be tapping the resources of IMC member companies.”
Satellite company and M2M specialist Orbcomm is to expand its business in Africa after winning an important deal with South Africa’s Cartrack, which provides fleet-management and vehicle-tracking services across the continent.
Under the deal, Cartrack (Johannesburg, South Africa) is set to become Orbcomm’s first value-added reseller in the African transportation sector, distributing Orbcomm’s fleet-management solution through its growing brand and dealer network.
It seems mobile network operators are constantly being urged to play a bigger M2M role than that of connectivity provider, but Telenor Connexion claims its focus on connectivity is helping it stay ahead of the competition.
The operator this week announced a new deal to provide connectivity services in Europe and Asia for Geotab, a North American fleet telematics specialist now expanding its service internationally.