The combined company will have more than 16,000 customers and partnerships with the largest wireless carriers in the United States, officials said.
Global position systems makers Xora and Gearworks
announced today that they are merging operations.
The combined company, which will use the
Xora name, will have more than 16,000 customers and partnerships with the
largest wireless carriers in the United States, officials said.
“This combination brings together two recognized leaders in the
industry that share a common vision and desire to bring powerful tools to
businesses that want to improve their operational efficiency,” said Sanjay
Shirole, co-founder and CEO of Xora. “By measures critical to our long-term
success, including growth and diversification of revenues, product portfolio,
channel partnerships and customer support capabilities, this merger is a big
win not only for us, but also for the customers and partners of the new
According to analyst firm Frost & Sullivan, the mobile
resource management market is expected to reach 5 million subscribers and $1
billion in revenue by 2015. Frost & Sullivan officials said the merger
should position Xora well to reach this growing market.
“The Xora-Gearworks merger is exceptionally well-timed to give the
company pole position in the burgeoning market for handset-based mobile
resource management solutions,” said Jeanine Sterling, a senior mobile and
wireless communications industry analysts with Frost & Sullivan. “With the
most extensive product offering, spanning off-the-shelf to customizable mobile
applications, and the broadest carrier coverage in the industry, the new Xora’s
capabilities are top-tier and should be highly valued by customers of all
sizes, as well as by wireless carriers seeking to deliver such applications to
their business customers.”
Products lines to be offered from the merged companies include
Xora’s GPS TimeTrack and Gearworks’ Field Force Manager, etrace, OnCare and Appmosphere.
Xora, Gearworks to merge
August 12, 2009