Skybitz
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| Subsidiary | |
| Industry | Telecommunications, Asset Tracking |
| Founded | Sterling, Virginia, United States (1993) |
| Headquarters | Herndon, Virginia, United States |
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Key people
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Henry Popplewell, Senior Vice President and General Manager |
| Parent | Telular Inc. |
| Website | www.skybitz.com |
SkyBitz is an American company based in Herndon, Virginia, that provides machine to machine (M2M) solutions for the tracking and management of mobile assets. Parent company Telular Corporation is a wholly owned subsidiary of Avista Capital Partners, an American private equity firm. SkyBitz is the leading remote asset tracking and information management service provider, specializing in real-time decision-making tools for companies with unpowered assets such as tractor-trailers, intermodal containers, chassis, rail cars, power generators, heavy equipment, and other assets. The company's asset tracking solutions are delivered using a software as a service (SaaS) model to commercial, transportation, military, and public safety customers, including sensitive shipment haulers of Arms, Ammunition and Explosives (AA&E) cargos. With the acquisition of leading commercial telematics companies Reltima and GPS North America in 2015, SkyBitz entered the local fleet management market.
SkyBitz was founded in 1992 in the Washington, D.C. metropolitan area under the name Eagle Eye Technologies, Inc. and used both DARPA and the United States Air Force SBIR funding to develop its patented Global Locating System (GLS). GLS technology differs from traditional Global Positioning System (GPS) technology in that positioning calculations are done centrally and automatically at an operations center instead of locally on each device. In early 2002, the company—now called SkyBitz—announced the commercial launch of its GLS technology.
By 2007 SkyBitz had acquired more than 400 customers in North America and added two new products to its existing suite. It was ranked in Inc. 5000 for the first time that year, as well as in numerous Fast 500 programs from Deloitte Touche Tohmatsu Limited.
By 2012 SkyBitz had captured the interest of Telular Corporation, a global leader in connecting businesses and machines over wireless networks. The acquisition of SkyBitz by Telular for a total of $42 million was announced in December 2012. Less than a year later, private equity firm Avista Capital Partners completed its acquisition of Telular for a 31 percent premium to its stock market price. SkyBitz operates as a wholly owned subsidiary of Telular and remains headquartered in the Washington, D.C. metropolitan area.
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