Geotab To Acquire BSM Technologies
Geotab has signed an agreement that it plans to acquire BSM Technologies. BSM provides telematics and asset management solutions to over 165,000 vehicles in government and private fleets in Canada and the United States.
”BSM had previously standardized on using the Geotab platform as their base and then created a competitive advantage by building new products on top of our technology,” said Neil Cawse, CEO, Geotab. “An example of this is winter ops – support for data and the management of snow plows and spreaders. This technology is key for our resellers to be able to win government business.”
BSM’s customers in government and other verticals will only benefit from Geotab’s engineering expertise and focus on security, scalability and reliability and will also gain access to solutions for enhanced visibility into vehicle performance, driver habits, accident detection and more.
“BSM’s activity in the government space coupled with Geotab’s proven success and commitment to security and scalability will work in tandem to dramatically accelerate Geotab’s presence across North America including in the electric vehicle space, which is an increasingly important emerging market,” said Cawse. “We are excited about what BSM will do to strengthen our ecosystem and believe that the resultant platform enhancements will benefit our customers around the globe.”
BSM will contribute some of its product and services development in asset tracking, winter ops, third-party integration and off-road equipment tracking to the Geotab Marketplace.
“Following the announcement of our expanded partnership with Geotab in late 2018, it became clear that BSM’s growing analytics and optimization capabilities combined with Geotab’s best in class telematics solution results in an enhanced product offering to fleet management customers. As part of the Geotab team we will be able to offer these capabilities across all of Geotab’s partner network,” said Louis De Jong, President and CEO, BSM. “The combination of BSM and Geotab is a great outcome for all of BSM’s stakeholders.”