Fleet Complete expands operations to Australia and Asia
TORONTO, Oct. 31, 2016 /PRNewswire/ - Fleet Complete®, an award-winning IoT company in innovative software development for fleet, asset and mobile workforce management solutions, continues its global expansion through the acquisition of Australian-based Securatrak. Terms of the transaction were not disclosed. MHT Partners served as exclusive advisors to Fleet Complete.
Founded in 2003 in Adelaide, Securatrak was one of the first GPS technology companies in Australia, providing cost-effective, high-benefit vehicle tracking and fleet management solutions. "This is an amazing entrepreneurial team that has built great local expertise in the Australian market and that will become the base for Fleet Complete in Australasia," said Tony Lourakis, CEO of Fleet Complete. "We believe the Australian telematics market is at an inflection point and is poised for major growth, giving Fleet Complete the perfect opportunity to serve this market demand with its comprehensive IoT product portfolio."
The acquisition continues Fleet Complete's explosive growth, following its expansion into Europe at the end of 2015 and gaining the company recognition from Berg Insight as one of the top fleet management providers in North America.
"We are excited to become part of the Fleet Complete team," said Mark Holmes, Securatrak's founder and Managing Director, "Our shared commitment to leading the market in innovation and providing our clients with premium services makes this union a perfect match." Securatrak currently has over 25,000 subscribers across Australia and Asia and will continue to support existing customers and products. "We look forward to introducing Fleet Complete's expansive suite of connected vehicle and resource solutions to the Australian market via Securatrak's wireless channel partner, Telstra, and extend this advanced telematics platform to local and international businesses," added Holmes.
About Fleet Complete®
Based in Toronto, Fleet Complete® is a global IoT provider of mission critical fleet, asset and mobile workforce management solutions. For more than fifteen years, Fleet Complete has been providing dispatching, fleet tracking and mobile resource management solutions to over 8,000 companies worldwide. The company maintains key distribution partnerships with AT&T in the US and TELUS in Canada. Fleet Complete is one of the fastest-growing companies in North America and has won numerous awards for innovation and growth since its inception in 2000 (as Complete Innovations Inc.).
Based in Adelaide, South Australia, Securatrak Pty Ltd. provides advanced GPS tracking hardware and software solutions for organizational fleets throughout Australasia. With both passive and live data transfer methods available in its product portfolio, Securatrak provides custom GPS Tracking solutions, tailored to client requirements. The company has offices in Vietnam and Singapore, representing operations throughout Asia, as well as a dealer channel that oversees Thailand, Lao, Malaysia, Brunei, Indonesia and Myanmar.
SOURCE Fleet Complete