SUNNYVALE, Calif., Sept. 13, 2017 /PRNewswire/ -- Trimble
(NASDAQ: TRMB) announced today that it has acquired privately held
10-4 Systems, a provider of advanced, multimodal shipment
visibility solutions and related technologies for shippers and
transportation providers. 10-4 solutions offer real-time shipment
visibility, regardless of provider or mode, to shippers,
third-party logistics providers and carriers of all sizes. The
acquisition expands Trimble's portfolio of Transportation
Management Systems (TMS) to include an established cloud-based
solution for small carriers as well as a shipper RFP platform.
Financial terms were not disclosed.
Headquartered in Boulder,
Colo., 10-4 Systems offers a comprehensive, highly
configurable information platform that provides visibility at the
individual shipment level, driving collaboration between shippers
and carriers for increased efficiency, improved compliance and
reduced transportation costs. The solution includes SKU-level
detail, dynamic ETAs and other capabilities needed to provide the
detailed shipment visibility that is becoming a standard
expectation of shippers and consignees.
"This acquisition will advance our mission to transform the way
the world moves freight by providing innovative transactional,
visibility, decision support and optimization solutions that
benefit participants at every level of the supply chain," said
David W. Wangler, president of
Trimble Transportation Enterprise. "With the addition of 10-4
Systems, Trimble will significantly enhance its ability to help the
transportation industry optimize demand and capacity management and
improve utilization of long-haul trucking assets."
Gartner identified visibility as the "No. 1 supply chain
initiative" based on results from its 2016 User Wants and Needs
Survey. Demand for end-to-end visibility is being driven by the
rise of online-only and omni-channel commerce, which is causing
shippers to rethink traditional inventory positions and
transportation networks.
"We are excited to bring the benefits of our advanced enterprise
visibility platform to the thousands of supply chain partners that
rely on Trimble's Transportation Enterprise solutions," said
Travis Rhyan, president and CEO,
10-4 Systems. "Trimble has a clear commitment to offering
leading-edge technologies and collaborative solutions that enable
customers to increase efficiency, profitability and long-term
competitiveness."
Rhyan will continue to lead 10-4 Systems as executive vice
president and general manager. 10-4 Systems' business will be
reported as part of Trimble's Transportation Segment.
About 10-4 Systems
10-4 Systems is a technology company delivering a multimodal
information platform for intelligent supply chain visibility that
harnesses the power of big data. Their solution securely aggregates
shipment and location data and pushes out analytics that help
companies make meaningful decisions that have a positive impact on
their bottom line. With offices in Boulder, Colo., and Grand Rapids, Mich., 10-4 Systems helps Global
500 companies understand, embrace and benefit from a comprehensive
supply chain technology experience. The company isn't just about
tracking, but total supply chain visibility that is shareable and
customizable to meet the needs of customers and, in turn, their
customers. It's not just the who and the where, but the when, why
and how shipments are moving across the globe. For more
information, visit: http://www.10-4.com.
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.
This press release contains forward-looking statements
regarding the business operations and prospects of Trimble,
including the impacts of the acquisition of 10-4 Systems on
Trimble's capabilities for servicing the transportation industry.
These forward-looking statements are subject to change, and actual
results may materially differ due to certain risks and
uncertainties. Factors that could cause or contribute to such
differences include, but are not limited to (i) the ability to
realize the anticipated benefits of the acquisition, including
enhancement of freight shipment solutions for existing and new
customers, and expansion of Trimble's TMS product portfolio, (ii)
the risks inherent in integrating an acquisition, including
retention of key personnel and commercial relationships; and (iii)
unanticipated expenditures, charges or assumed liabilities that may
result from the acquisition. More information about potential
factors that 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.
GTRMB
View original
content:http://www.prnewswire.com/news-releases/trimble-acquires-transportation-supply-chain-visibility-provider-10-4-systems-300518399.html
SOURCE Trimble