- Creates Leading, Global IoT Telematics Software and Solutions Company to be Rebranded PowerFleet, Inc.
- Combined Company with 500,000+ Monthly Subscribers at Closing and Expected 600,000+ Subscribers by End of 2019
- Combination Provides Significant Operational Synergies and Financial Scale with $131 Million of Total Revenue, including $72 Million of High-Margin Recurring Solutions and Services Revenue in 2018
- Company Also Secures $50 Million Strategic Growth Equity Investment from Abry Partners
- Conference Call Scheduled for Tomorrow, March 14, 2019 at 9:00 a.m. Eastern time
PR Newswire
WOODCLIFF LAKE, New Jersey, March 13, 2019