Geotab Completes Acquisition of BSM Technologies

Transaction enhances Geotab service offerings to help optimize
efficiency, productivity and safety for government and private fleets
while accelerating presence across North America

TORONTO–(BUSINESS WIRE)–#DataBigGeotab,
a global leader in IoT and connected transportation, today announced the
completion of the acquisition of BSM
Technologies.
Providing telematics and asset management solution for
more than 165,000 vehicles across government and private fleets in
Canada and the United States, BSM brings 20 years of fleet management
expertise while contributing significantly to the over 1.7 million fleet
telematics subscribers utilizing Geotab products and services globally.

“The government telematics markets are key opportunities for us,” said
Geotab CEO Neil Cawse. “Considering BSM’s existing activity, level of
knowledge and successful history, this transaction not only increases
value and multiplies our service offerings to government customers but
also strengthens our partner ecosystem that is focused on this vertical
market.”

With an expanded team and BSM’s advanced development in optimization,
winter ops, third-party integration and off-road equipment tracking to
be included within the Geotab
Marketplace
solution portfolio, Geotab and its network of trusted
resellers are now further equipped with the tools necessary for future
success in key growth areas including: municipal, state and provincial
government and off-road construction equipment markets. Conversely, by
adopting the Geotab platform, BSM’s customers in government, as well as
other verticals including construction, service and rail, will benefit
from Geotab’s leading engineering expertise and award-winning focus on
electric vehicle (EV) telematics, EV infrastructure, security,
scalability and reliability while gaining access to solutions for
enhanced visibility into vehicle performance, driver habits, accident
detection and more.

“We are excited to experience how BSM will strengthen our ecosystem and
believe that the resultant platform enhancements will benefit our
customers around the globe,” added Cawse. “With BSM’s activity in the
government space coupled with Geotab’s proven success and commitment to
security and scalability, our working in tandem will dramatically
accelerate Geotab’s presence across North America, particularly in the
electric vehicle space, which is an increasingly important emerging
market.”

Recently selected as the sole telematics provider by the State of
California, Geotab’s reputation and impeccable leadership is reflected
in the caliber of contracts it has been awarded since its founding in
2000. Among major account wins and industry firsts, Geotab was awarded
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. Placing
security at the forefront of its innovation, Geotab also became the
first telematics company to receive
FIPS 140-2 validation
by the National Institute of Standards and
Technology, specifically for Geotab’s cryptographic module.

‘’The combination of BSM’s growing analytics and optimization
capabilities with Geotab’s best in class telematics solutions results in
a significantly enhanced product offering for customers,” Louis De Jong,
President and CEO of BSM concluded. “We are thrilled to be joining the
Geotab team and offering these enhanced capabilities to the Geotab
partner network.”

For more information, visit www.geotab.com.

About BSM Technologies

With more than 20 years of experience, BSM Technologies Inc., through
its subsidiaries and affiliates, is a leading provider of Internet of
Things (IoT) enabled telematics and asset management solutions. Focused
on the Government, Service, Rail and Construction markets, BSM provides
the technology, tools and services required to connect, analyze and
optimize fleets, equipment and people – empowering data-driven
operational decision-making. BSM illuminate, BSM’s software platform,
enables companies to leverage data insights, analytics and optimization
tools for competitive advantage.

About Geotab

Geotab is advancing security, connecting commercial vehicles to the
internet and providing web-based analytics to help customers better
manage their fleets. Geotab’s open platform and Marketplace, offering
hundreds of third-party solution options, allows both small and large
businesses to automate operations by integrating vehicle data with their
other data assets. As an IoT hub, the in-vehicle device provides
additional functionality through IOX Add-Ons. Processing billions of
data points a day, Geotab leverages data analytics and machine learning
to help customers improve productivity, optimize fleets through the
reduction of fuel consumption, enhance driver safety, and achieve strong
compliance to regulatory changes. Geotab’s products are represented and
sold worldwide through Authorized Geotab Resellers. To learn more,
please visit www.geotab.com
and follow us @GEOTAB
and on LinkedIn.

Contacts

Kelly Hall
Communications Team Lead
Geotab Inc.
kellyhall@geotab.com

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