Volaris Group Welcomes Smartrak to Asset Management Vertical
May 31, 2017 - TORONTO, ON
Volaris Group today announced that it has acquired the operating subsidiaries and assets of Smartrak Holdings Limited (“Smartrak”), a provider of fleet management and safety location-based solutions. Smartrak joins AssetWorks and Kinetic Software in the Volaris Asset Management vertical.
Smartrak has over a decade of experience in providing telematics solutions to over 300 private, government and emergency services across Australia and New Zealand. Some of the company’s customers include Auckland Council; The University of Waikato; Ministry of Business, Innovation & Employment; Canterbury District Health Board; Yarra Valley Water; and TasNetworks.
Smartrak is one of Australasia’s most sophisticated providers of location-based business intelligence, covering people, vehicles, and assets. Driven by the EyeQ Visual Intelligence Suite, the TrakWise and TrakSafe products gather fleet and safety information about remote operations. EyeQ organizes this information and reports it as actionable business insights.
“This is a new chapter for Smartrak. A new chapter that we feel can truly benefit our customers,” said Troy O’Connor, CEO of Smartrak. “With Volaris we have access to a network of people in like-minded industries, access to capital and best practices. To join an organization that values and understands what we do for our customers and wants us to do more for them, is remarkable.”
In keeping with Volaris’ philosophy of acquire, strengthen and grow, Smartrak maintains its brand and independence with support from Volaris in innovation and organic growth focused on customer needs. Troy O’Connor continues to lead the business as CEO, along with the existing management team.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.
For more information, please contact:
Kim Emmerson, CMO
Tel: +1 905 629 5297