M&A Deal Summary

Geoforce Acquires Trakopolis IoT

On December 23, 2019, Geoforce acquired internet software and services company Trakopolis IoT

Acquisition Highlights
  • This is Geoforce’s 1st transaction in the Internet Software and Services sector.
  • This is Geoforce’s 1st transaction in Canada.
  • This is Geoforce’s 1st transaction in Alberta.

M&A Deal Summary
Date 2019-12-23
Target Trakopolis IoT
Sector Internet Software and Services
Buyer(s) Geoforce
Deal Type Add-on Acquisition

Target

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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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 2 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 Temeda

Naperville, Illinois, United States

Temeda is a platform that connects data, assets, equipment, jobs, people, and places. Temeda goal is to simplify and empower customers business with a single solution hub — so customers can focus on what matters. Temeda was founded in 2014 and is based in Naperville, Illinois.

Buy -
Mergr

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