SUNNYVALE, Calif., June 13, 2017 /PRNewswire/ -- Trimble
(NASDAQ: TRMB) announced today that it has acquired privately-held
Innovative Software Engineering (ISE), an engineering and systems
integration firm that delivers innovative, end-to-end Internet of
Things (IoT) and telematics solutions, enterprise mobility
applications and tailored software solutions headquartered in
Coralville, Iowa. The acquisition
expands Trimble's fleet safety and compliance solutions and allows
Trimble to offer electronic logs as a service. Financial terms were
not disclosed.
Trimble serves multiple industries that require compliance with
the upcoming Electronic Logging Device (ELD) mandate, including
customers in transportation and other industries. The mandate,
which requires certain fleets to electronically log hours of
service (HOS) data, will go into effect in December 2017. According to the Federal Motor
Carrier Safety Administration (FMCSA), the ELD mandate is expected
to impact 3.4 million drivers across the
United States.1
"ISE's broad industry expertise and innovative solutions extend
Trimble's capabilities in providing fleet safety and compliance,"
said James Veneziano, senior vice
president, Trimble. "By acquiring ISE, we can further develop
comprehensive solutions and services to enable our customers to
realize improved efficiencies and greater levels of safety within
their organization."
The addition of ISE allows Trimble to combine research and
development efforts to provide customers with a robust and
compliant ELD solution. ISE provides its electronic logs as a
service to a variety of businesses that provide a logging solution
to a broad range of customers, including those in oil and gas
transportation, agriculture and construction as well as private and
for-hire fleets. Trimble's Construction Logistics and Field Service
Management businesses currently provide electronic logging
solutions as a service through ISE's eFleetSuite, a
commercial-grade telematics platform that manages HOS and vehicle
maintenance compliance.
"For more than 15 years, ISE has dedicated itself to providing
enterprise and tailored software solutions to its clients. Our
Fleet Services products provide fleets with end-to-end solutions
that solve complex safety and compliance issues," said Hass Machlab, founder, president and CEO of ISE.
"In joining Trimble, we look forward to being part of an
organization that shares this dedication and leveraging synergies
that will enable continued innovation to benefit all of our
customers."
ISE's business will be reported as part of Trimble's
Transportation Segment.
About Innovative Software Engineering
Innovative Software Engineering (ISE) is an engineering and
systems integration firm that delivers innovative, end-to-end
mobile and enterprise solutions. ISE's business includes:
- Professional Services offers clients a complete spectrum of
software engineering services, including IoT/Telematics, Big Data,
Cloud, Mobile App Development, and Agile Consulting.
- Fleet Services leverages decades of transportation technology
expertise to offer a configurable end-to-end solution to manage
drivers' hours of service and vehicle maintenance compliance, which
enables a safer, more profitable operation.
For more information on ISE, visit: http://iseinc.biz.
About Trimble
Trimble is transforming the way the world works by delivering
products and services that connect the physical and digital worlds.
Core technologies in positioning, modeling, connectivity and data
analytics enable customers to improve productivity, quality, safety
and sustainability. From purpose built products to enterprise
lifecycle solutions, Trimble software, hardware and services are
transforming a broad range of industries such as agriculture,
construction, geospatial and transportation and logistics. For more
information about Trimble (NASDAQ:TRMB), visit:
www.trimble.com.
Certain statements made in this press release are forward
looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, and are made pursuant to the safe harbor provisions of
the Securities Litigation Reform Act of 1995. These statements
involve risks and uncertainties, and actual events and results may
differ materially from those described in this news release.
Factors that could cause or contribute to such differences include,
but are not limited to, Trimble's ability to realize the
anticipated benefits from the acquisition of ISE, and to
successfully expand its fleet safety and compliance solutions,
including offering ELD compliant solutions. Additional risks and
uncertainties include: the risks inherent in integrating an
acquisition; unanticipated expenditures, charges or assumed
liabilities that may result from the acquisition; and retaining key
personnel and commercial relationships. Information about potential
factors which could affect Trimble's business and financial results
is set forth in reports filed with the SEC, including Trimble's
quarterly reports on Form 10-Q and its annual report on Form 10-K.
All forward looking statements are based on information available
to Trimble as of the date hereof, and Trimble assumes no obligation
to update such statements.
1
https://www.fmcsa.dot.gov/hours-service/elds/electronic-logging-devices-and-hours-service-supporting-documents
GTRMB
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SOURCE Trimble