Qualcomm Announces Acquisition of Sylectus
—Acquisition Will Expand Smaller Transportation Fleets’ Access to Advanced
Logistics Applications and Services—
LAS VEGAS — February 12, 2011 — Qualcomm Incorporated (NASDAQ:
QCOM), a leading provider of integrated wireless systems, services and applications
to transportation and logistics companies, today announced that, through its subsidiary
Qualcomm Canada, Inc., it has acquired the holding company of GPSNet Technologies,
Inc. which operates Sylectus, a provider of advanced fleet management software for
smaller transportation companies.
Qualcomm intends to continue to operate the business in the U.S. and Canada under
the name Sylectus.
With this acquisition, Qualcomm will simplify the process of adopting advanced
fleet management services for smaller fleets, allowing them to meet the increasingly
rigorous safety and compliance standards and also leverage many of the additional
benefits commonly available in the transportation industry.
“Qualcomm believes that smaller fleets have unique challenges and needs as the
industry evolves with the recent regulatory changes and other pressures impacting
all commercial fleets,” noted John Sarto, senior vice president of business and
product development for Qualcomm Enterprise Services. “With this acquisition, we
believe we can help Sylectus expand its capacity to deliver cost effective, valuable
applications through Software-as-a-Service, to smaller fleets.”
Since 2001, Qualcomm and Sylectus have collaborated to integrate data and information
from Qualcomm’s mobile information and computing platforms to Sylectus’ dispatch
software. The two companies most recently completed the integration of Qualcomm
Hours of Service to Sylectus’ dispatch software.
“We could not be more excited about becoming part of Qualcomm’s industry-leading
transportation services business,” stated Stuart Sutton, CEO of Sylectus. “We are
confident that this will enable us to expand our ability to deliver valuable applications
and services, meeting the unique needs of smaller fleets and helping them grow in
a profitable and efficient manner.”
Sylectus will operate as a stand-alone business unit within Qualcomm Enterprise
Services, and it will continue to develop and deliver advanced fleet management
software for smaller transportation companies. Stuart Sutton will continue to serve
as the head of Sylectus and the business unit will remain in Ontario, Canada.
Financial terms of the acquisition were not disclosed.
About Qualcomm Enterprise Services
Since 1988, Qualcomm Enterprise Services has provided integrated wireless systems,
services and applications to transportation and logistics companies around the world. With
more than 1.3 million mobile units shipped to businesses in 39 countries on four
continents, Qualcomm Enterprise Services delivers the business insight these companies
need in order to operate at peak performance and provide superior customer service.
Backed by a global, 24/7, world-class technology infrastructure, Qualcomm Enterprise
Services is positioned to meet and exceed the increasingly complex and business-critical
needs of its more than 2,500 clients with superior customer care and professional
services. ABI Research ranked Qualcomm Enterprise Services No. 1 on its bi-annual
Commercial Vehicle Telematics Vendor Matrix in three consecutive reports (2010,
2008 and 2006). For more information, please visit us at:
www.qualcomm.com/qes.
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G and next-generation
mobile technologies. For 25 years, Qualcomm ideas and inventions have driven
the evolution of wireless communications, connecting people more closely to information,
entertainment and each other. Today, Qualcomm technologies are powering the
convergence of mobile communications and consumer electronics, making wireless devices
and services more personal, affordable and accessible to people everywhere. For
more information, visit Qualcomm around the Web:
Corporate Blog:
www.qualcomm.com/blog
Twitter: www.twitter.com/qualcomm
Facebook: www.facebook.com/qualcomm