SkyBitz, a Telular Company, Acquires SMARTLogix, a Leading IoT Provider of Petroleum Management, Inventory and Transportation Logistics Solutions
Acquisition Further Strengthens SkyBitz’s Robust Commercial
Telematics Platform
SkyBitz®,
the leader in remote asset tracking and information management
solutions, today announced that it has acquired SMARTLogix, a leading
provider of petroleum management, inventory and transportation logistics
solutions. SMARTLogix, headquartered in Fort Mill, South Carolina, has
been a long time partner of Telular, the parent company of SkyBitz, as
well as an exclusive provider of Telular’s tank monitoring solutions to
the petroleum distribution industry. As a result of the acquisition,
SMARTLogix is now part of SkyBitz, Telular’s growing commercial
telematics division.
“We are excited to add SMARTLogix to the SkyBitz portfolio and to offer
a powerful platform for petroleum distributors to better manage their
fleets and drive significant cost savings across their entire
operation,” said Doug Milner, CEO, Telular Corporation. “SMARTLogix’
SMARTruck and SMARTank fleet applications are ideal additions to
SkyBitz’ growing suite of solutions that offer our customers significant
ROI benefits along with new and unique insights into their operations.”
"The addition of SMARTLogix to the SkyBitz business further advances our
strong momentum in the commercial telematics market,” said Henry
Popplewell, Senior Vice President and General Manager, SkyBitz.
“SMARTLogix, along with our recent acquisitions of GPS North America and
Reltima, two leading companies in the local fleet management market, are
in line with our overall strategy to continue to deliver innovative
telematics solutions that enable our customers to dramatically increase
efficiencies, leading to lower operational costs and improving their
bottom line.”
SMARTLogix transportation logistics software offers petroleum
distributors a feature-rich, real-time solution for processing orders,
managing dispatch functions, digitally capturing delivery information,
and real-time truck, driver, and product GPS tracking. SMARTLogix’s
primary market is the petroleum logistics business in North America and
Canada. Customers are distributors of petroleum products (bulk fuels,
lubes, and used oil) as well as commercial and transportation fuel end
users.
"We are thrilled to become part of the SkyBitz business. Both companies
place heavy emphasis on continuous innovation and products and services
that can deliver huge operating benefits to our customers. Our combined
strengths and technical resources will allow us to accelerate new
applications and solutions into the market,” said Rick Martin, founder
and CEO of SMARTLogix.
SMARTLogix was advised by Godfrey & Kahn, S.C. Avista Capital Partners
and Telular were advised by Kirkland & Ellis LLP.
About SkyBitz, Inc.
SkyBitz, a wholly owned subsidiary of Telular Corporation, is a leader
in global remote asset management solutions, and in providing real-time
information on the location and status of assets. More than 800
enterprises rely on SkyBitz technology to achieve total asset
visibility, improved security, lower operating and capital expenses, and
enhanced customer service. SkyBitz delivers its solution via a secure
web-based application that is fully customizable and requires no
software downloads. For additional information, visit www.skybitz.com.
About Telular
Telular Corporation, a portfolio company of Avista Capital Partners, is
a global technology leader and provider of IoT (Internet of Things)
solutions for commercial telematics, security, and bulk storage
management. With over 30 years of experience and innovation in the
wireless industry, Telular provides integrated event monitoring,
information management and reporting services to improve process
efficiency in areas such as vehicle and asset tracking, supply chain
management, security, home automation, and many other residential,
commercial and industrial markets. Headquartered in Chicago, Telular has
additional offices in Atlanta and Washington, D.C. For more information,
please visit www.telular.com.
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