North America’s Largest Provider of Software to the Transportation Industry Announces Another Strategic Acquisition
TMW Systems Inc., the largest provider of enterprise management software to the transportation industry in North America, today announced that it has acquired TMT Software Company, the leading provider of transportation fleet maintenance software. Terms of the acquisition were not disclosed.
The acquisition of TMT Software further enhances TMW Systems’ leadership position in the transportation industry by increasing the company’s size to more than 1,500 total customers and driving annual revenues in excess of $56 million. Together, the two companies share more than 235 customers, and actively serve more “Top 100” carriers than any other software provider in the North American market.
Going forward, the combination of the two companies will give fleet operators of all sizes and in every segment, improved access to the industry’s leading fleet maintenance software. This follows TMW Systems’ strategic objective of simplifying operations for customers by continually providing greater integration of various business functions. In addition, the more than 325 employees in the new, combined entity represent the industry’s greatest source of skills and expertise for technology solutions.
“TMT Software has been a long-time business partner of TMW Systems, and this combination creates a unique opportunity for both TMT and TMW customers,” said David W. Wangler, president and CEO of TMW Systems. “TMT customers will benefit from complementary products and the resources of North America’s largest provider of enterprise software to the transportation industry. TMW customers can look forward to even more robust fleet maintenance solutions. With more than 550 customers, managing 1.1 million pieces of equipment, TMT is a fleet maintenance software market leader in trucking, construction materials, waste, and municipal markets,” Wangler added.
Current customers will be able to leverage a broad set of existing complementary products developed by both TMW Systems and TMT Software. “With our combined resources and technology, new features and modules will be available to both product suites in a very short time. High-value complementary offerings such as an enhanced dashboard / key performance indicator (KPI) module, business activity monitoring, and imaging will be available within a few short months”, said TMT Software’s president, Rick Rosenberg, who TMW announced will now serve as general manager of TMW Fleet Maintenance Software.
TMW also announced that the company will continue to deliver against TMT’s TRANSMAN® for WindowsTM and TRANSMAN® for System i product roadmaps. Additionally, TMW has extended its Lifetime Support Policy, which provides an unparalleled level of investment protection for customers, to include TRANSMAN® for WindowsTM, and TRANSMAN® for System i products. TMW Systems is committed to supporting customers of any of its products provided that they continuously subscribe to support and maintenance.
TMW Systems is the leading provider of enterprise transportation software, including TL2000, TruckMate, Innovative IES and TMWSuite. For use with all major operations platforms in the trucking industry, TMW also offers TMT Fleet Maintenance software, IDSC ExpertFuel for fuel purchase optimization, IDSC Netwise for yield optimization and IDSC MatchAdvice and TripAlert to improve asset utilization. Customers include private and for-hire trucking, 3PLs and shippers, brokerage, construction, ready-mix concrete, municipal fleets, heavy-duty repair and waste management operations. With offices in Cleveland, Dallas, Indianapolis, Nashville, Oklahoma City, Raleigh, and Vancouver, TMW currently serves more than 1,800 customers managing over 500,000 power units and maintaining more than 1.7 million assets worldwide, including North America, Europe, China and Latin America.
For more information, please visit www.tmwsystems.com or call 800.401.6682.
Founded in 1981, TMT Software, based in Durham, NC, is the leading provider of fleet maintenance software serving fleet operators for more than 26 years. TMT’s loyal customer base of over 550 customers manages in excess of 1,100,000 pieces of equipment across the United States, Canada and Mexico. TMT Software provides a comprehensive fleet maintenance solution that helps providers manage all fleet maintenance operations including shop, purchasing, inventory, warranty claims and recovery, and human resources.