Navtrak (Salisbury, USA), which supplies GPS technology for fleet-management services, has been acquired by Software-as-a-Services (SaaS) company Telogis (Aliso Viejo, USA).
Telogis says the takeover will strengthen its position in the market for location-based services.
“This acquisition broadens our customer portfolio with greater reach into small- and mid-sized markets, and complements our strong organic growth with large enterprises and OEM channels,” said Dave Cozzens, the chief executive of Telogis, in a press release. “Our robust, scalable platform allows us to quickly integrate acquisitions, and we continue to pursue opportunities such as this that are advantageous for our business and customers.”
Telogis provides enterprise SaaS applications to manage mobile workers and assets. It claims its strength is based on the use of an open platform that can be used by all parts of the mobile workforce.
“Navtrak’s customers will now experience the benefits of a powerful location platform of SaaS applications, including Telogis Fleet, Telogis Route, Telogis Progression, Telogis Mobile and Telogis Navigation,” said Cozzens. “This acquisition further accelerates our aggressive expansion plans for 2012. There is a large global market to address with our platform of SaaS applications, and we look forward to continuing to drive its innovation and growth.”
Telogis has grown quickly since its formation in 2001, and regularly features on the Inc. 5000 list of fastest-growing private companies in the US. In 2011, it formed a partnership with Ford that made it the exclusive SaaS provider of the company’s Crew Chief commercial vehicle telematics system.