Geotab, a global leader in IoT and connected transportation, has signed an arrangement agreement whereby it plans to acquire BSM Technologies. BSM provides telematics and asset management solutions to more than 165,000 vehicles across government and private fleets in Canada and the United States. The completion of this transaction would add to the over 1.5 million fleet telematics subscribers utilizing Geotab globally.
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Geotab securely connects commercial vehicles to the internet, providing advanced web-based analytics to better manage your fleet. Geotab’s MyGeotab open platform and Marketplace, offering hundreds of business solution options, allows both small and large businesses to automate operations by integrating vehicle data with a company's other back office software and data assets. As an IoT hub, the in-vehicle device provides additional functionality through IOX Add-Ons including FMCSA ELD compliance. Processing more than 1 billion data points a day, Geotab leverages big data and machine learning to improve productivity, optimize fleet asset utilization and total cost of ownership, enhance driver safety, and achieve a more integrated compliance strategy. The company's products are represented and sold worldwide through its Authorized Geotab Resellers.
Power management company Eaton has added a host of features to its IntelliConnect suite of connected solutions to help fleet customers reduce truck-down situations and better prepare for preventative maintenance. IntelliConnect gives fleets advanced notice that a vehicle may be having an issue, and the new features are now available on the Geotab Marketplace as an integrated solution to help fleets better manage their assets.