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August 23, 2013 - Industry News

Qualcomm Selling Omnitracs Transportation and Logistics Business to Vista Equity Partners

Qualcomm announced it has signed a definitive agreement to sell its Omnitracs subsidiary to Vista Equity Partners, a U.S.-based private equity firm. Omnitracs was a pioneer in in-cab communication, developing the first widely used satellite tracking and communications system for truck fleets, and today offers a variety of fleet management and telematics solutions.

Tags: Telematics, Qualcomm, Technology, Information Technology, Mergers & Acquisitions, Omnitracs

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