Originally Published on YahooFinance.com
TORONTO , March 22, 2017 /CNW/ – Fleet Complete®, a leading global IoT provider of fleet telematics and mobile workforce technology, continues its growth through the acquisition of BigRoad, a leading provider of hours-of-service (HOS) and regulatory compliance solutions. Terms of the transaction were not disclosed. This partnership will enable Fleet Complete to offer the industry’s best electronic logging device (ELD) compliance platform in North America
Based in Waterloo’s thriving tech hub, known as Canada’s Silicon Valley, BigRoad was founded to address the new HOS regulations imposed on the commercial motor vehicle (CMV) industry. The company released one of the first mobile HOS applications, BigRoad Mobile App, and today, with over 480,000 downloads, it is the most downloaded HOS application available. It continues to receive rave reviews on Google Play and iTunes, solidifying its premier position in the market.
In advance of the ELD mandate, BigRoad launched DashLink, an engine-connected electronic logging device that provides owner-operators and commercial fleets with a scalable, affordable, and easy-to-use solution to meet the upcoming FMCSA and Canadian Ministry of Transport requirements. Today, over 30,000 fleets in North America rely on BigRoad to achieve ELD compliance ahead of the mandated deadline.
“We are very excited about this acquisition,” said Jake McGuire , Vice President of Sales, Marketing and Customer Success at BigRoad, “BigRoad is an established leader in the HOS and ELD compliance space and now, supported by the Fleet Complete IoT platform, I am confident we will continue to exceed customer expectations by providing the best ELD and connected vehicle solution on the market.”
Fleet Complete’s acquisition of BigRoad is part of the company’s explosive growth, following its expansion into Europe in 2015 and Australia in 2016. Fleet Complete recently received the Greater Toronto Area Top 100 Employer award, ascertaining its position as one of the most forward-thinking workplaces in the tech industry. Striving to lead the global market with a superior and the most comprehensive telematics platform, Fleet Complete’s partnership with BigRoad squarely positions its ELD and HOS solutions as the best in the industry.
“BigRoad is an impressive organization that has had a laser focus on creating the industry’s leading product for ELD compliance,” said Tony Lourakis , CEO of Fleet Complete. “Outperforming the competition in usability and connectivity, BigRoad’s driver-friendly and feature-rich application will be a great complement to our integrated platform, giving Fleet Complete customers the most reliable top-of-the-line HOS solution.”
Supported by Fleet Complete’s expansive IoT infrastructure, BigRoad will continue to operate and sell directly to owner-operators and fleets, maintaining the BigRoad brand. Whereas the integrated Fleet Complete BigRoad platform will be offered through the North American partner channels, AT&T and TELUS.
“Leveraging BigRoad’s immense success and combining it with Fleet Complete’s strong partnerships with North America’s mobile carrier elite, we can capture the largest share of the 4 million+ truck driver market,” says Lourakis. “Through this integration, all of our customers, from individual truck drivers to large commercial fleets, will be equipped with the industry’s best ELD compliance solution before the December 2017 deadline.”
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There’s an old adage in the trucking industry that says: “If you bought it, a truck brought it.” It’s an accurate statement. Close to 70% of commercial freight in North America today is transported by trucks, with more than 11 million tons of goods valued at $9.075 billion travelling annually over US and Canadian highways. The North American trucking industry is valued at more than $600 billion.