INTERGIS, VERICOM & NOVATRACKER Merge To Become Single Source For Mobile Resource Management
July 23, 2008 — Intergis L.L.C., Vericom Technologies and NovaTracker L.L.C., three leaders in mobile resource management (MRM) and the logistics technology sector, today announced a merger of resources, technologies, services, and experience, with backing from Columbus Nova L.L.P., a $2.5 billion asset management firm in New York.
Intergis, established in 1997, offers mid-sized firms and large enterprises multi-user software systems that automate routing, scheduling, dispatching, vehicle optimization and many other mobile workforce needs. Vericom Technologies, a ten-year-old firm, provides an integrated set of GPS-enabled, vehicle and handheld tracking solutions as well as reporting capabilities to small and mid-sized businesses. NovaTracker, founded in 2003, develops and markets GPS, wireless tracking and communication devices.
The combined organization will become the first true company in the mobile resource management and logistics technology sector that offers a fully integrated solution for transportation delivery and distribution fleets, as well as field service and mobile workers. The combined technologies will enable customers to garner operational efficiencies by reducing fuel, overtime and labor costs.
"We are thrilled to emerge as a leader in the MRM sector as the first true end-to-end provider of customizable solutions, especially for those companies seeking greater operating efficiencies in an environment of increasing fuel prices and a slowing economy," explains Jeff Cohen, CEO and Co-Chairman of the combined companies. "With the significant assets behind this transaction, we can now leverage our superior software and hardware capabilities, solidifying our position with companies seeking an immediate return on their MRM technology investment."
"Under the financial umbrella of Columbus Nova, the combined companies are now well positioned to succeed in the market for providing hosted MRM services including scheduling and route optimization to both SMB and enterprise customers," says MRM industry consultant Mark Licht, president of Licht & Associates.
According to an MRM industry study by C.J. Driscoll & Associates, the number of GPS/wireless devices used to monitor fleet vehicles, trailers, construction equipment and mobile workers will expand to over 5.8 million units and annual hardware and service revenues will grow to over $2 billion by 2010.
According to Intergis President and Co-Chairman Steven Brown, "We have a considerable opportunity here to save customers millions of dollars in overtime, labor, and fuel costs, as well as boost job completion rates. With our expanded resources, we will have the depth and breadth of solutions to satisfy small, medium and large-sized enterprises and increase their customer satisfaction."
The merger is effective immediately and the new company will be named Intergis, operating under the Vericom and Intergis brands. Intergis will be headquartered in Cranford, New Jersey and will maintain offices nationwide.
Terms were not disclosed.
About Intergis
Intergis offers an advanced enterprise routing, scheduling, and dispatching software platform that provides Fortune 1000 companies and other mid-sized businesses with flexible, best-in-class enterprise solutions for automated routing, scheduling, and vehicle optimization as well as logistics management. Panera Bread, ARAMARK and Geeks on Call are among its customers. For more information, visit www.intergis.com.
About Vericom Technologies
Vericom Technologies is an MRM provider with strengths in the small to mid-sized business segment (SMB). For more than a decade, the Company has been providing proven MRM solutions that enable fleet owners to efficiently manage their vehicle fleets, mobile workforce and remote assets while reducing operational costs, increasing workforce productivity and providing an immediate return on investment. For more information, visit www.vericomtech.com.
About NovaTracker
Since 2003, NovaTracker L.L.C. has been al provider of highly intelligent and customizable tracking and communication products used in industries and applications ranging from security to field services to dispatch and delivery. The brand will become part of the Intergis Company and provide hardware to the expanded customer base as well as third-party value added resellers (VARS). In addition, the Company will continue to offer GuardTrax, NovaTracker's web-based handheld tracking device that uses GPS/wireless technologies to track security personnel, VIPs, and other persons of interest. For more information, visit www.novatracker.com.