I.D. Systems, a provider of enterprise asset management and industrial internet of things technology, has acquired the U.S.-based assets of telematics provider CarrierWeb.
I.D. Systems will integrate CarrierWeb’s telematics solutions into its own suite of products to provide a fully-integrated platform for fleets.
CarrierWeb provides real-time, in-cab mobile communications technology, electronic logging devices, two-way refrigerated command and control and trailer tracking. CarrierWeb’s assets will be integrated into the I.D. Systems logistics visibility solutions group, called PowerFleet for Logistics.
“The CarrierWeb assets align with our strategy of expanding and strengthening our position in the fleet management value chain,” said Chris Wolfe, CEO of I.D. Systems. “The acquisition is immediately additive because it allows us to sell complete bumper-to-bumper telematics solutions, with higher monthly revenues, covering in-cab, refrigerated trailers, dry van and containers both to I.D. Systems’ existing customers as well as to potential customers whom we have not been able to address previously. Overall, this transaction allows us to address what the market and our customers have been asking for — a complete, fully-integrated offering.”
I.D. Systems will gain 9,000 net new subscribers from the deal. The acquisition will allow I.D. Systems to offer a full complement of integrated logistics technology solutions to its current customers and immediately adds more than 70 customers.
The CarrierWeb solutions will be integrated into I.D. 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.
CarrierWeb’s technology is designed to better manage transportation workflow, streamline data operations and management for mobile communications. CarrierWeb’s key products offer a range of solutions for truck, dry trailer, refrigerated trailer, and driver monitoring and management:
- ReeferMate is a standalone solution that enables users to monitor and remotely manage refrigerated trailers and cargo
- CarrierMate is a touch screen electronic on-board recorder / ELD (AOBRD/ELD) that also provides a driver-preferred ELD for regulatory compliance.
I.D. Systems stated that it is committed to the integration and future development of the CarrierWeb technology platform. The PowerFleet for Logistics division is led by Norm Thomas, who joined I.D. Systems in 2018 from PeopleNet. Previously, Thomas served as a senior executive at CarrierWeb, as well spent more than 10 years at U.S. Xpress in a range of senior roles, including chief technology officer.