Content area
Full text
Acquisition is Second for Telogis in Recent Months
TECHNOLOGY
Aliso Viejo's Telogis Inc., a maker of navigation and traffic software for delivery fleets, made its second buy in the past year or so.
Telogis picked up Cranford, N.J-based Intergis LLC, a privately held rival that serves small and midsize businesses. Terms weren't disclosed.
The move is set to boost Telogis' growth by giving it some 2,000 additional customers, the company said.
"This new acquisition positions Telogis for substantial growth," Chief Executive Dave Cozzens said.
Telogis focuses on large businesses, while Intergis pinpoints smaller ones.
'Our focus on large enterprises combined with Intergis' focus on small- and mediumsized business ensures a strong revenue stream and sure footing to pursue additional growth and expansion," Cozzens said.
Telogis also said it recently raised some $3 million in funding. No further details about the source or type of funding were disclosed.
The Intergis buy is the second acquisition by Telogis in the last eight months.
In July, it picked up Remote Dynamics Inc. of Texas for undisclosed terms.
Telogis, which started in 2001, has offices in Europe and Latin America, as well as a development center in New Zealand.
Telogis uses global positioning systems and software to...