Qualcomm to sell Omnitracs fleet management unit

The business, one of Qualcomm's first, will continue operating under private equity ownership

Qualcomm has agreed to sell its Omnitracs fleet management subsidiary, one of its first businesses and one of the earliest vehicle information networks, to a private equity company for US$800 million in cash.

The buyer, Vista Equity Partners, said it plans to keep running Omnitracs and expand its product offerings. Vista will acquire all Omnitracs operations in the U.S., Canada and Latin America. The deal is expected to close during the final quarter of this year.

Vista is a long-term investor in software and other technology-related businesses, with offices in San Francisco, Chicago and Austin, Texas, according to a press release. Last year it acquired British financial services software company Misys.

Qualcomm started Omnitracs in the late 1980s, supplying devices for installation in fleet vehicles that collected information and sent it to management via satellite. The system is designed to help transportation and logistics providers with mobile asset management, safety, compliance and efficiency. Omnitracs has more than 10,000 customers across the Americas and Europe, according to the company's website.

So-called M2M (machine-to-machine) communications is expected to play a growing role in mobile communications over the next several years. Meanwhile, vehicle telematics is migrating from commercial to personal vehicles, with several automakers developing systems to link cars to the Internet for entertainment, communications and monitoring.

Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen's e-mail address is stephen_lawson@idg.com

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags mobilequalcommindustry verticalstransportationAutomotiveVista Equity Partners

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Stephen Lawson

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?