SkyBitz Acquires Petroleum Logistics Software Firm SMARTLogix
Trailer-tracking provider SkyBitz has acquired petroleum logistics software firm SMARTLogix. Terms were not disclosed.
SMARTLogix’s software can manage dispatch functions, capture delivery information and is capable of real-time truck and driver GPS tracking, according to the company.
"The addition of SMARTLogix to the SkyBitz business further advances our strong momentum in the commercial telematics market,” Henry Popplewell, SkyBitz senior vice president and general manager, said in a statement.
“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,” Popplewell said.
SMARTLogix has been a longtime partner with SkyBitz’s parent company, Telular Corp., and is an exclusive provider of its tank monitoring products for the petroleum distribution industry.
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,” Telular Corp. CEO Doug Milner said in a statement.
“SMARTLogix’s SMARTruck and SMARTank fleet applications are ideal additions to SkyBitz’s growing suite of solutions that offer our customers significant ROI benefits along with new and unique insights into their operations,” Milner said.
The primary market for Fort Mill, South Carolina-based SMARTLogix is the North American petroleum logistics business. Customers primarily are distributors of products such as used oil, lubes and bulk fuel.
"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,” SMARTLogix founder and CEO Rick Martin said in a statement.
