I.D. Systems, a Woodcliff Lake, New Jersey-based provider of enterprise asset-management and industrial Internet of Things technology, has acquired the U.S.-based assets of telematics provider CarrierWeb, the company said.
CarrierWeb is an Atlanta-based provider of real-time in-cab mobile communications technology, electronic logging devices, two-way refrigerated command and control, and trailer tracking.
CarrierWeb’s U.S.-based assets will be integrated into the I.D. Systems logistics visibility solutions group, called PowerFleet for Logistics, according to I.D. Systems. The acquisition closed on Jan. 30.
With the acquisition, I.D. Systems adds 9,000 net new subscribers to its platform, according to the company. The acquisition allows I.D. Systems to offer a full complement of highly integrated logistics technology solutions to its current customers and prospects, and immediately adds more than 70 customers, including the Customized Distribution Division of Performance Food Group.
“The CarrierWeb assets align with our strategy of expanding and strengthening our position in the fleet-management value chain,” said Chris Wolfe, CEO of I.D. Systems. “The acquisition is immediately additive because it allows us to sell complete bumper-to-bumper telematics solutions, with higher monthly revenues, covering in-cab, refrigerated trailers, dry van and containers both to I.D. Systems’ existing customers as well as to potential customers whom we have not been able to address previously. Overall, this transaction allows us to address what the market and our customers have been asking for – a complete, fully integrated offering.”
I.D. Systems and CarrierWeb offer complementary services “that together allow for an unparalleled single source of fleet-management tracking technology,” according to I.D. Systems.
The CarrierWeb solutions will be integrated into I.D. Systems’ recently launched line of logistics telemetry solutions, which include a suite of interoperable sensors, an interactive voice-user interface and a “first-of-its-kind” image-based cargo-visibility detector.
“These robust technological platforms enhanced I.D. Systems tracking, monitoring and reporting capabilities to provide freight transportation providers, shippers and supply chain stakeholders with powerful insights to make smarter and faster decisions,” I.D. Systems said in a news release.
CarrierWeb’s patented technology is designed to better manage transportation workflow and streamline data operations and management for mobile communications.