ID Systems Inc (NASDAQ: IDSY), a provider of enterprise asset management and industrial Internet of Things (IoT) technology, has acquired the US-based assets of telematics provider CarrierWeb, an Atlanta-based provider of real-time in-cab mobile communications technology, electronic logging devices (ELDs), two-way refrigerated command and control, and trailer tracking.
CarrierWeb’s US-based assets will be integrated into the ID Systems logistics visibility solutions group, called PowerFleet for Logistics.
With the acquisition, ID Systems adds 9,000 net new subscribers to its platform. The acquisition allows it to offer a full complement of highly integrated logistics technology solutions to its current customers and prospects. It also immediately adds more than 70 customers, including the Customized Distribution Division of foodservice industry leader Performance Food Group (PFG).
ID Systems and CarrierWeb offer complementary services that together form a single source of fleet management tracking technology. CarrierWeb solutions will be integrated into ID Systems’ recently launched line of logistics telemetry solutions, which include a suite of interoperable sensors, an interactive voice-user interface, and an image-based cargo visibility detector. These platforms enhance ID Systems tracking, monitoring and reporting capabilities to provide freight transportation providers, shippers and supply chain stakeholders with insights to make smarter and faster decisions.
CarrierWeb’s patented technology is designed to better manage transportation workflow, streamline data operations and management for mobile communications. The firm’s key products offer a range of solutions for truck, refrigerated trailer, and driver monitoring and management:
•ReeferMate is a standalone cost-effective solution that enables users to monitor and remotely manage refrigerated trailers and cargo.
•CarrierMate is a touchscreen electronic on-board recorder/electronic logging device (AOBRD/ELD) that also provides a driver-preferred ELD for regulatory compliance.
ID Systems is committed to the integration and future development of the CarrierWeb technology platform. The new PowerFleet for Logistics division is led by Norm Thomas, who joined ID Systems in 2018 from PeopleNet, where he led professional services, software engineering and integration technology. Previously, Thomas served as a senior executive at CarrierWeb, and he spent more than 10 years at US Xpress in a range of senior roles, including chief technology officer.