Geotab, a company that works with fleet managers on connected transportation, is acquiring BSM Technologies a telematics and asset management software company.
BSM provides its services to more than 165,000 vehicles across government and private fleets in Canada and the United States. Geotab offers its telematics services to over 1.5 million fleet subscribers globally.
According to a statement from Geotab, BSM’s focus on government clients brings relationships and expertise that will work well with Geotab’s existing subscriber base. “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, Geotab CEO. “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 clients will gain access to the full scope of Geotab services including solutions for enhanced visibility into vehicle performance, driver habits, and accident detection. Geotab announced earlier this year that the cryptographic module in the company’s GO vehicle tracking device received FIPS 140-2 validation by the National Institute of Standards and Technology (NIST). Geotab is the first and only telematics company to achieve this standard. 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, an online app store for services.
News of the acquisition comes shortly after Geotab secured the world’s largest single-source telematics contract in history by GSA Fleet, a division of the GSA (General Services Administration), to equip its 217,000 U.S. government vehicles with Geotab technology.