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Telogis Acquires Maptuit® Business, Industry Leader in Commercial Vehicle Navigation
Mar 29, 2012 (02:03 PM EDT)
Fifth acquisition in three years, coupled with strong organic growth, solidifies Telogis' position as one of the fastest growing enterprise Software-as-a-Service providers of location-based intelligence solutions
ALISO VIEJO, Calif., March 29, 2012 /PRNewswire/ -- Telogis, Inc., the platform for location intelligence, announces the acquisition of the assets of Maptuit®, a leading provider of connected navigation for commercial fleets. This acquisition — the company's fifth in three years — expands Telogis' services as the market increases adoption of location-based Software-as-a-Service (SaaS) solutions. Maptuit's commercial navigation technologies further enhance the Telogis enterprise platform of SaaS solutions, which includes fleet management, navigation, multi-vehicle route optimization and planning, work order management and mobile integration.
"This acquisition adds a new dimension to our platform," said Newth Morris, president, Telogis Route and Telogis Mobile. "With these advances, Telogis further differentiates itself in the market by providing the most comprehensive suite of location intelligence solutions on a single platform."
Enhancements to the Telogis platform resulting from this acquisition include an advanced location-based service (LBS) engine that receives feedback from the field on road conditions and physical restrictions that may not be captured by commercial and open source map data. These capabilities are critical not only to the commercial navigation markets where Maptuit has been successful, but also to industries such as mining, and oil and gas, which operate in remote regions where map data coverage is limited.
Maptuit's technologies also allow companies to specify "known-good" routes and yard-approaches. These capabilities help companies improve the safety of route operations and are increasingly important in international markets where bonded routes exist.
Telogis will integrate Maptuit's technologies directly into its enterprise platform, thereby expanding the Telogis customer base by more than 100,000 subscribers.
"The commercial navigation technologies that Maptuit has revolutionized will enhance all of the applications on our platform — route planning, navigation, execution analytics — and position our company to best handle the growing location intelligence needs of companies worldwide," said Morris. "This acquisition complements the Telogis platform with a unique set of high-value capabilities that allow companies to dramatically transform their operations, improve safety and lower operating costs."
This latest acquisition by Telogis marks a continuing growth pattern for the company, as it has been recognized as one of the fastest-growing private companies in Orange County, Calif., by the Orange County Business Journal, and the 123rd fastest growing company in North America on the Deloitte 2011 Technology Fast 500 (866 percent growth since 2006), and was listed for the fifth straight year on the Inc. 5000 list of fastest growing private companies in the country (434 percent growth from 2007 to 2010). The company has further been honored as one of the best workplaces in the region, and forged a major partnership in 2011 that made Telogis the exclusive SaaS solution for Ford Motor Company's Crew Chief™ commercial vehicle telematics system.
SOURCE Telogis, Inc.