SkyBitz, a Telular Company, Acquires SMARTLogix, a Leading IoT Provider of Petroleum Management, Inventory and Transportation Logistics Solutions
Posted on October 05, 2015
Acquisition Further Strengthens SkyBitz’s Robust Commercial Telematics Platform
HERNDON, Va. – October 5, 2015 – 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.
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.