CHICAGO, Oct. 5, 2015 /PRNewswire/ -- Telular Corporation, a global technology leader and provider of IoT (Internet of Things) solutions for commercial telematics, security, and bulk storage management, today announced that it has acquired SMARTLogix, a leading provider of petroleum management, inventory and transportation logistics solutions. SMARTLogix, headquartered in Fort Mill, South Carolina, has been a long time partner of Telular and an exclusive provider of Telular's tank monitoring solutions to the petroleum distribution industry. As a result of the acquisition, SMARTLogix is now part of Telular's SkyBitz division, the leader in remote asset tracking and Telular's flagship brand for its growing commercial telematics service offering. Telular is a portfolio company of Avista Capital Partners.
"We are excited to add SMARTLogix to Telular's SkyBitz portfolio and to offer a powerful platform for petroleum distributors to better manage their fleets and drive significant cost savings across their entire operation," said Doug Milner, CEO, Telular Corporation. "SMARTLogix' SMARTruck and SMARTank fleet applications are ideal additions to SkyBitz' growing suite of solutions that offer our customers significant ROI benefits along with new and unique insights into their operations."
"It is no coincidence that the acquisition of SMARTLogix comes on the heels of the successful acquisitions of GPS North America and Reltima, two leading commercial telematics companies in the local fleet management market. Through these strategic acquisitions, Telular is now poised to be a leader in commercial telematics," said Brendan Scollans, Partner of Avista Capital Partners. "SMARTLogix and SkyBitz are highly complementary and Avista looks forward to supporting further expansion of the telematics portfolio."
SMARTLogix transportation logistics software offers petroleum distributors a feature-rich, real-time solution for processing orders, managing dispatch functions, digitally capturing delivery information, and real-time truck, driver, and product GPS tracking. SMARTLogix's primary market is the petroleum logistics business in North America and Canada. Customers are distributors of petroleum products (bulk fuels, lubes, and used oil) as well as commercial and transportation fuel end users.
"We are thrilled to join Telular and to become part of the SkyBitz business. Both companies place heavy emphasis on continuous innovation and products and services that can deliver huge operating benefits to our customers. Our combined strengths and technical resources will allow us to accelerate new applications and solutions into the market," said Rick Martin, founder and CEO of SMARTLogix.
SMARTLogix was advised by Godfrey & Kahn, S.C. Avista Capital Partners and Telular were advised by Kirkland & Ellis LLP.
Telular Corporation, a portfolio company of Avista Capital Partners, is a global technology leader and provider of IoT (Internet of Things) solutions for commercial telematics, security, and bulk storage management. With over 30 years of experience and innovation in the wireless industry, Telular provides integrated event monitoring, information management and reporting services to improve process efficiency in areas such as vehicle and asset tracking, supply chain management, security, home automation, and many other residential, commercial and industrial markets. Headquartered in Chicago, Telular has additional offices in Atlanta and Washington, D.C. For more information, please visit www.telular.com.
About Avista Capital Partners
Avista Capital Partners is a leading private equity firm with approximately $6 billion under management and offices in New York, Houston and London. Founded in 2005, Avista makes controlling or influential minority investments in growth-oriented communications & media, healthcare and energy businesses. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses.
About SkyBitz, Inc.
SkyBitz, a wholly owned subsidiary of Telular Corporation, is a leader in global remote asset management solutions, and in providing real-time information on the location and status of assets. More than 800 enterprises rely on SkyBitz technology to achieve total asset visibility, improved security, lower operating and capital expenses, and enhanced customer service. SkyBitz delivers its solution via a secure web-based application that is fully customizable and requires no software downloads. For additional information, visit www.skybitz.com.
SOURCE Telular Corporation