M&A Deal Summary

Geoforce Acquires Cartasite

On March 1, 2019, Geoforce acquired business services company Cartasite

Acquisition Highlights
  • This is Geoforce’s 1st transaction in the Business Services sector.
  • This is Geoforce’s 1st transaction in the United States.
  • This is Geoforce’s 1st transaction in Colorado.

M&A Deal Summary
Date 2019-03-01
Target Cartasite
Sector Business Services
Buyer(s) Geoforce
Deal Type Add-on Acquisition

Target

Cartasite

Denver, Colorado, United States
Cartasite, Inc. offers technology solutions that enhance safety, security and operating efficiency for corporations worldwide. Cartasite was founded in 2004 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Geoforce

Plano, Texas, United States
Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

Geoforce is a cloud-based software platform that delivers a unified view of multiple asset types, including non-powered equipment, powered equipment and vehicles, through ruggedized satellite and cellular-based GPS devices. Geoforce was founded in 2007 and is based in Plano, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Trakopolis IoT

Calgary, Alberta, Canada

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from many verticals including oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

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