TMCnet News
Telular Completes Acquisition of Reltima and GPS North AmericaTelular Corporation, a global leader in using wireless networks for remote monitoring and tracking, and a portfolio company of Avista Capital Partners, today announced that it has completed the acquisition of Reltima and GPS North America, two leading commercial telematics companies in the local fleet management market. Reltima provides comprehensive and cost effective solutions for GPS fleet tracking and fleet performance optimization aimed at light duty vehicle fleets. GPS North America is Reltima's largest distribution partner. Under the terms of the acquisition agreement the companies are now part of Telular's (News - Alert) SkyBitz division, the leader in remote asset tracking and information management solutions. The combined companies rapidly expand SkyBitz's footprint in the growing commercial telematics market. Reltima, headquartered in Woburn, MA, offers a wide variety of GPS fleet management tools for sale through its Master Dealer network located throughout North America. Its flagship Smart Antenna product is a highly accurate, in-cab GPS fleet tracking device. When paired with Reltima's Perigee customer portal, Smart Antenna provides a wide variety of location based services, driver/vehicle performance data, route management and cargo status tracking to allow fleet managers to optimize their fleet performance and significantly reduce fleet operating costs.
Reltima and GPS North America were advised by Media Venture Partners (MVP), an investment banking firm serving companies in the communications, technology and media sectors. Avista Capital Partners and Telular were advised by Kirkland & Ellis LLP. About Telular Telular Corporation (News - Alert), a wholly-owned subsidiary of Avista Capital Partners, and provider of remote monitoring and asset tracking solutions for business and residential customers, enables security systems and industrial applications to exchange actionable information wirelessly, through cellular and satellite technology. With over 25 years of experience in the wireless industry, Telular Corporation has developed solutions to deliver remote access for voice and data without significant network investment. Headquartered in Chicago, Telular Corporation has additional offices in Atlanta and Washington, D.C. For more information, please visit www.telular.com. About Avista Capital Partners Avista Capital Partners is a leading private equity firm with approximately $6 billion under management and offices in New York, Houston and London. Founded in 2005, Avista makes controlling or influential minority investments in growth-oriented energy, healthcare and communications & media businesses. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses. About SkyBitz (News - Alert), 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 SkyBitz InSight, a secure web-based application that is fully customizable and requires no software downloads. For additional information, visit www.skybitz.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20150709005184/en/ |
