M&A Deal Summary

SkyBitz Acquires SmartLogix

On October 5, 2015, SkyBitz acquired software company SmartLogix

Acquisition Highlights
  • This is SkyBitz’s 1st transaction in the Software sector.
  • This is SkyBitz’s 3rd transaction in the United States.
  • This is SkyBitz’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2015-10-05
Target SmartLogix
Sector Software
Buyer(s) SkyBitz
Deal Type Add-on Acquisition
Advisor(s) Godfrey & Kahn (Legal)

Target

SmartLogix

Ft. Mill, South Carolina, United States
SmartLogix, Inc. is a provider of petroleum management, inventory and transportation logistics solutions.

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Buyer(S) 1

Buyer

SkyBitz

Sterling, Virginia, United States

Category Company
Founded 1992
Sector Information Technology
DESCRIPTION

SkyBitz (formerly Eagle Eye Technologies) is a leader in global remote asset management solutions, providing real-time information on the location and status of assets. More than 700 enterprises rely on SkyBitz technology to achieve total asset visibility, improved security, lower operating and capital expenses, and enhanced customer service. SkyBitz delivers its solution via SkyBitz Insight, a secure web-based application that is fully customizable and requires no software downloads.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: South Carolina M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 GPS North America

Langhorne, Pennsylvania, United States

GPS North America, Inc. is a provider of fleet management solutions including asset tracking, hours-of-service (HOS) compliance, vehicle/driver dispatch and fleet reporting all under the SignalTrack brand.

Buy -