Orolia says that the Boatracs acquisition is part of its strategy to move up the value chain by offering more complete business solutions to its customers.
These solutions consist of a hardware platform, a communications system for wireless data transmission and reception, and software which provides a web-based user interface to facilitate effective data communications between ship and shore.
The company intends to operate using a business model that will see initial hardware sales followed by recurring airtime revenue and SaaS (Software as a Service).
“This acquisition not only expands our product offering, but also strengthens our presence in the North American fishing and workboat market segments,” said Jean-Yves Courtois, president and CEO of Orolia.
“It has the added benefit of bringing us critical size in the application software domain, human-machine interfaces and client-server architectures that are crucial for the development of M2M solutions and services for our customers operating in challenging environments.”
“Strategically, we now have in Orolia a strong software centre of excellence and solutions competency on which to build more valuable business contributions for all our customers.”
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