Qualcomm Buys Fleet Management Software Firm

Qualcomm Inc. said it has acquired Sylectus, a provider of fleet management software for small fleets.

“With this acquisition, Qualcomm will simplify the process of adopting advanced fleet management services for smaller fleets,” Qualcomm said in a statement Saturday.

Sylectus, based in Ontario, Canada, will become a stand-alone unit within Qualcomm Enterprise Services, the company said. Stuart Sutton, Sylectus’s CEO, will continue to lead the unit.

The two companies had collaborated since 2001 to bring together Sylectus’s and Qualcomm’s hardware, Qualcomm said.

Qualcomm made the acquisition through its Qualcomm Canada subsidiary. It purchased GPSNet Technologies, the holding company that operates Sylectus.

Further terms of the deal were not disclosed.