M&A Deal Summary

BSM Technologies Acquires Webtech Wireless

On July 30, 2015, BSM Technologies acquired information technology company Webtech Wireless

Acquisition Highlights
  • This is BSM Technologies’ 1st transaction in the Information Technology sector.
  • This is BSM Technologies’ 2nd transaction in Canada.
  • This is BSM Technologies’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2015-07-30
Target Webtech Wireless
Sector Information Technology
Buyer(s) BSM Technologies
Deal Type Merger
Advisor(s) Blake, Cassels & Graydon
Shearman & Sterling (Legal)

Target

Webtech Wireless

Burnaby, British Columbia, Canada
Webtech Wireless is a provider of vehicle fleet location-based services (LBS) and telematics technology. Company develops, manufactures and supports end-to-end wireless solutions that improve the productivity, profitability, environmental compliance and safety of vehicle fleets.

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Buyer(S) 1

Buyer

BSM Technologies

Toronto, Ontario, Canada
Category Company
Founded 1996
Sector Software
Employees251
Revenue 59M CAD (2018)
DESCRIPTION

BSM Technologies, Inc. is a provider of remote monitoring, fleet tracking and fleet maintenance and a business intelligence engine providing real time web-based tracking of mobile and fixed assets. BSM provides solutions for commercial, government, and law enforcement organizations who manage and operate diverse assets and large fleets, and who seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs. BSM Technologies Inc. was founded in 1996 and is headquartered in Toronto, Ontario. BSM Technologies, Inc. was founded in 1996 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 1 of 1
Type (Merger) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Praxis Transportation Solutions

Alberta, Canada

Praxis Transportation Solutions, Inc. is a provider of driver compliance solutions primarily to a Class I railroad customer. Praxis’s offers driver vehicle inspection reporting, driver qualification and background checks, carrier profile reporting, EOBR audits, along with regulatory guidance consulting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Mobi

Austin, Texas, United States

Mobi is a privately-held software provider with a core product offering of several modules utilizing GPS data and analytics to enable its customers to better manage operational activities such as planning, scheduling, routing and dispatch. As an example, mobi.Route uses Mobi’s proprietary technology to reduce mileage and increase on time arrival allowing users to balance operational costs and customer satisfaction.

Buy $8M
Mergr

Product

Company

Legal