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Autovision Wireless Inc. Acquires SFT Telematics

Poster: SySAdmin
Posted on March 12, 2012 at 7:14:01 AM
Autovision Wireless Inc. Acquires SFT Telematics

TORONTO, March 12, 2012 /PRNewswire/ - Autovision Wireless Inc. a fleet management company specializing in GPS tracking, anti-idling
and fleet management software, today announced the acquisition of the
assets of SFT Telematics of Edmonton, Alberta. SFT offers specialized
GPS tracking and fleet management solutions to the Oil & Gas,
Transportation, and Construction industries among others.

SFT has been in business since 1998 and provides M2M services to several
thousand subscribers in Canada and the USA. The terminals operate over
cellular and satellite networks across North America.

Elaine Perri, the GM of SFT said "We are extremely excited with the
acquisition as it provides us with a wider portfolio of products and
services that complement our existing product lines. Our customers will
benefit from the fleet management expertise that AutoVision brings to
this acquisition and their depth in software development will enable us
to enrich our services."

"The acquisition of SFT will strengthen our presence in Western Canada,
primarily in the Oil and Gas Industry. SFT's diverse customer base will
position us well as the global demand for Canada's natural resources
continues to grow." said Mukhtar Rahemtulla, CEO of Autovision
Wireless.

All SFT services will continue to be offered and the SMARTFLEET
trademark and brand will also continue.

The terms of the acquisition were not disclosed.

SOURCE  AutoVision Wireless Inc.

AutoVision Wireless Inc.

CONTACT:  Shahab Khokhar, Director Business Development
1 866 514 8030 x4490
skhokhar@autovisionwireless.com
http://www.autovisionwireless.com
 
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