Add-on Acquisition • Software

XRS Acquires Turnpike Global Technologies

On December 4, 2009, XRS acquired software company Turnpike Global Technologies for 20M USD

Acquisition Context

This is XRS’s 1st transaction in the Software sector.
This is XRS’s largest (disclosed) transaction.
This is XRS’s 2nd transaction in the United States.
This is XRS’s 1st transaction in New York.

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M&A Deal Summary
Date	December 4, 2009
Target	Turnpike Global Technologies
Sector	Software
Buyer(s)	XRS
Deal Type	Add-on Acquisition
Deal Value	20M USD

Target Company

Turnpike Global Technologies

Buffalo, New York, United States

Turnpike Global Technologies provides simple solutions to the transportation industry that result in immediate cost savings. Turnpike has been recognized as the first company in North America to fully automate, from end-to-end, the fuel and mileage tax process required by the International Fuel Tax Agreement (IFTA).

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Buyer Overview 1

Buyer

XRS

Eden Prairie, Minnesota, United States

Category	Company
Founded	1985
Sector	Software
Employees	165
Revenue	63M USD (2012)

DESCRIPTION

XRS Corporations is a provider of fleet management and compliance software solutions to the trucking industry to help maintain regulatory compliance and reduce operating costs.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Software	1 of 1
Type: Add-on Acquisition	2 of 2
State: New York	1 of 1
Country: United States	2 of 2
Year: 2009	1 of 1
Size (of disclosed)	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-02-01	GeoLogic Solutions Herndon, Vermont, United States GeoLogic provides the commercial trucking industry with wireless asset management solutions that reduce operational costs while increasing overall efficiency.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2008-02-01

GeoLogic Solutions

Herndon, Vermont, United States

GeoLogic provides the commercial trucking industry with wireless asset management solutions that reduce operational costs while increasing overall efficiency.

Buy

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