Trimble Acquires Spacient Technologies for Enterprise Mobile Workforce Management
SUNNYVALE, Calif., Nov. 22, 2006 Trimble (NASDAQ: TRMB) today announced that it has acquired privately-held Spacient Technologies, Inc. of Long Beach, Calif., in an all-cash transaction. Spacient is a leading provider of enterprise field service management and mobile mapping solutions for municipalities and utilities. Financial terms of the transaction were not disclosed.
Spacient’s Fieldport® is a leading Geographic Information System (GIS) centric, Internet-based, wireless software suite focused on utilities field service management. The Fieldport solution, with Spacient’s proprietary mobile technology, delivers a device- and platform-independent software service that integrates GIS mapping and Global Positioning System (GPS) location with customer and asset information in a simple and user-friendly format for the mobile workforce. The modular software can be used to extend and integrate information from enterprise asset management, call center management and GIS mapping systems to the mobile workforce or be implemented as a stand-alone solution for managing, measuring and optimizing field service operations.
An on-demand solution, Fieldport is either offered as a hosted subscription service or installed on-site at customer locations. Fieldport is currently used by some of the largest municipalities and utilities in the U.S. and can operate on a wide variety of mobile devices, including the Windows Mobile, Palm, and PocketPC based mobile devices, rugged and non-rugged notebook and tablet computers, Blackberry devices, pagers and digital phones. Spacient solutions enable organizations to achieve significant cost savings for field service operations and maintenance (O&M) budgets with a very short customer return-on-investment for both Spacient’s software and services.
“The acquisition of Spacient Technologies enhances our GIS and Mapping business by further expanding our solutions for the field and mobile workforce—a strategic area of focus for Trimble,” said Doug Merrill, general manager of Trimble’s Mapping and GIS Division. “Spacient Technologies provides us with an enterprise software platform to increase field productivity and customer satisfaction for our utility customers.”
“We are pleased to join Trimble,” said Christopher Stern, founder and CEO of Spacient Technologies. “By combining our field service management software and industry expertise with Trimbles advanced GPS and mobile GIS technology, we can offer utilities a compelling solution for field asset management and customer service.”
Spacient Technologies will be reported within Trimble’s Field Solutions business segment.
About Spacient Technologies, Inc.
Spacient Technologies, Inc. (Spacient) is a leading provider of enterprise field service management and mobile mapping solutions for municipalities and utilities. Through the company’s flagship Fieldport Enterprise Software Suite and professional services, Spacient delivers device- and platform-independent mobile GIS and field computing solutions that enable organizations to improve asset maintenance and customer management, enhance security, increase field service efficiency, and comply with health, safety and environmental regulations. Spacient’s customers include some of the largest utilities and municipalities in the U.S.
Trimble is a leading innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies as well as wireless communications and software to create complete customer solutions. Trimble’s worldwide presence and unique capabilities position the Company for growth in emerging applications including surveying, agriculture, machine guidance, fleet and asset management, wireless platforms, and telecommunications infrastructure. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has more than 2,400 employees in more than 18 countries worldwide.
Certain statements made in this news release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that include risks and uncertainties such as the effect of the Spacient acquisition on Trimble’s GIS and Mapping business. Additional risks and uncertainties include the risks inherent in acquiring and integrating a company and its products, unanticipated expenditures and changing relationships with customers. Among other things, economic trends and additional competitive issues may have an adverse effect on the success of the acquisition and its integration. More information about potential factors which could affect Trimble’s business and financial results is set forth in reports filed with the SEC, including Trimble’s quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
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