User:Theredrocket/sandbox
Masternaut/Cybit company history
[edit]Masternaut was founded in 1996 by Serge Deleau in France under the name SDM. It rebranded to Masternaut in 2001. In 2006, Masternaut acquired Three X, a mobile workforce software business, from GE.[1]
Previously a Masternaut competitor, AIM-listed Cybit acquired Thales Telematics from Thales Group[2] and public sector telematics specialist Amatics[3] in 2007. Cybit made a further acquisition in 2008 of Truck24, a German Telematics Logistics provider, for €4 million.[4] In 2009, private equity firm Francisco Partners acquired Cybit Holdings plc in a £23 million deal, taking the company private.[5] Cybit also acquired Oxloc, a specialist non-powered asset tracking devices provider, that year.[6] Meanwhile Masternaut was on the acquisition trail, signing hosting and data store company Fibre-City for £6 million.[7]
In 2011, Masternaut merged with Cybit in a £100m deal to create Europe’s largest telematics solutions provider, with a 10,000-strong customer base spread across 32 countries.[8][9] Masternaut signed a partnership with Telefonica in 2012, estimated to be worth $910million between 2012-2020.[10] The company also appointed Martin Hiscox as chairman and CEO of Masternaut in the same year.[11]
- ^ "Tracking move". Fleet News. Retrieved 10 October 2006.
- ^ "Cybit acquires Thales Telematics". Computer Weekly. Retrieved 16 February 2007.
- ^ "Cybit acquires Amatics". Modern Utility Management. Retrieved 1 December 2007.
- ^ "CybIT acquires TRUCK24 for total 4 mln euros". LSE. Retrieved April 2008.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Europe News: Francisco Clinches Cybit Deal". EBSCO Host. Retrieved December 2009.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Cybit acquires OxLoc". Manufacturing and Logistics IT. Retrieved 14 August 2008.
- ^ "Europe News: Masternaut Three X acquires FibreCity for £6m". Telegraph. Retrieved 14 February 2009.
- ^ "New tracking business formed in merger". Growth Business. Retrieved 12 April 2011.
- ^ "Chancellor backs UK grab for data analytics market". Telegraph. Retrieved 16 May 2011.
- ^ "Need for revenue drives Telco M&A". Financial Times. Retrieved 10 September 2012.
- ^ "Hiscox appointed chairman and CEO of Masternaut". Fleet News. Retrieved 29 June 2012.