GPS Insight acquires FieldAware | Loadsure updates smart cargo insurance platform.

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Technology ShortsTechnology news and briefs for the week of Dec. 5:

GPS Insight acquires made-for-mobile, cloud-based field service solutions provider

GPS Insight, a provider of SaaS-based fleet management software, has acquired FieldAware, a made-for-mobile, cloud-based field service solutions provider. The acquisition advances field services and fleet tracking capabilities for GPS Insight, the company said, and allows GPS Insights to better serve customers of all sizes through a more robust and comprehensive digital platform with capabilities to achieve operational insights and cost savings. 

The acquisition will better position GPS Insight to expand its field service solutions to meet the unique digital field service challenges of mid-market and enterprise service organizations across core industries, such as industrial and commercial equipment, solar and renewable energy, facility and property management, waste management, construction, HVAC, electrical, and plumbing, while ensuring fleet performance—along with driver safety and compliance—to a customer base of more than 250,000 vehicles combined. 

“This is an exciting time for FieldAware to join forces with GPS Insight. This partnership moves FieldAware closer to realizing our vision of fully digitizing and automating a comprehensive, made-for-mobile field operations experience,” said Steve Mason, COO at FieldAware. 

Loadsure has updated its per-load, smart cargo insurance platform.

Now, not only can freight and insurance industry professionals send AI-powered cargo insurance quotes and policy terms and conditions to their customers directly from the Loadsure portal, their customers will be automatically provisioned with free Loadsure accounts, enabling them to access quotes in a single click and purchase cost-effective coverage in seconds.

“Shippers today are massively exposed to risk,” said Loadsure CEO, Johnny McCord. “In fact, 60% to 90% of cargo moved today is under or uninsured. In part, that’s because many SMBs don’t have access to affordable risk management that can also keep pace with the just-in-time supply chain. This new functionality enables Loadsure portal users to efficiently distribute the affordable coverage shippers need to protect their future growth.”

Facilitating traditional shippers' interest cargo insurance is a cumbersome process for freight and insurance industry professionals, even more so when they don't have insurance purchasing authority. Loadsure’s latest rollout means they can now instantly share dynamically configured pricing and policies that match the unique specifications of each load, while also delivering shippers a white-glove purchase process.

EROAD completes acquisition of Coretex

EROAD has acquired Coretex Limited, a provider of vertically specialized enterprise-grade telematics solutions, for more than $127 million. 

“We have consistently stated that acquisitions would be part of our global growth strategy. To accelerate growth, any acquisition target needed to deliver increased capability, improved customer experiences and access to additional market verticals,” said Steven Newman, CEO of EROAD. “In Coretex, we have found a highly complementary partner which allows us to satisfy these criteria, with the combined organization bringing the expertise and scale to deliver against market demand, faster.”

Specifically, in the North American market EROAD has strengthened its position as a significant supplier of in-vehicle management solutions and trailer telematics, and Coretex’s portfolio of products, solutions and services open new avenues for growth in vertical markets including construction, mixed fleets, as well as waste and recycling. The combined entity is undertaking strategic planning to build on the rationale identified in the business case for the acquisition, with an aim to complete the integration within the next 12-18 months.