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Wireless Matrix to acquire certain assets of SkyGuard

ABR Staff Writer Published 29 September 2011

Wireless Matrix (WRX), a provider of GPS fleet tracking services, has signed an agreement to acquire certain assets of SkyGuard, a provider of fleet management systems based in Flowood, Mississippi, US.

The company said that the transaction is expected to close on or about 30 September 2011, and is subject to customary closing conditions.

In addition, the transaction will help the company to establish a beachhead in the construction industry, and grow its market share in municipality, government and non-government organizations (NGO), all markets with significant growth potential.

The company said that the acquisition is also expected to double its subscriber base in the small and mid-sized business market (SMB).

New features will be added to the company's FleetOutlook offering, including asset tracking with theft alerts, state fuel tax reports and adherence to posted speed limits.

Wireless Matrix president and CEO Richard Carlson said this acquisition grows the company's enterprise subscriber base in new industry markets and boosts our product roadmap, while providing its customers with access to great innovations in SkyGuard's feature set that will help support their business goals.

"Additionally, it uniquely positions us for continued growth, specifically in the utility sector, the construction vertical and the SMB market," Carlson said.

"With a proven track record of quickly building market share once we penetrate a vertical, we look forward to providing the full breadth of benefits in FleetOutlook to new markets and businesses that rely on their service fleets to support their core business operations."