Orolia Acquires Boatracs

press release
Tuesday, July 24, 2012

Orolia announces the acquisition of Boatracs Inc., an information solutions provider for the maritime market.
  
Oriola, a group specialized in positioning, navigation and GPS timing equipment and systems for critical operations has announced the acquisition of Boatracs Inc., a maritime information solutions provider for the commercial marine industry (fishing vessels, dredgers, tugs, barges, training vessels, rescue boats, oil platform service vessels, etc.).   
 
The Boatracs acquisition is part of the group’s strategy to move up the value chain by offering more complete business solutions to its customers operating critical infrastructure in remote or harsh environments.  These solutions consist of a hardware platform, a communications beacon which allows 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 business model calls for initial hardware sales followed by recurring airtime revenue and SaaS (Software as a Service). This business model and leverageable technology platforms give Orolia the opportunity to expand its solution offerings to all its customers worldwide.

"This acquisition not only expands our product offering, but also strengthens our presence in the North American fishing and workboat market segments. 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," said Jean-Yves Courtois, President and CEO of Orolia.  "Strategically, we now have in Orolia a strong software center of excellence and solutions competency on which to build more valuable business contributions for all our customers." 
 
"Boatracs will benefit from Orolia’s international sales presence in the maritime sector to expand its business reach, taking advantage of our prominent brands and customer relationships all over the world," explains Irwin Rodrigues, CEO of Boatracs Inc.  "As part of Orolia, we will have additional resources to accelerate our market leader position in commercial maritime communications solutions through new product offerings and global coverage and be at the forefront of meeting the evolving needs of the industry."
 

  • Over 1,000 customers, strong recurring revenue

 

Boatracs is a North American company known over 20 years for its reliable communications, tracking and monitoring and innovative software solutions for the workboat and commercial fishing markets. Boatracs is based in San Diego, California, where it employs about twenty people.  All of the revenues are generated in the North American continent through a customer base numbering over 1000. In fiscal 2011, Boatracs achieved revenues of $5 million (with nearly 75% recurring for software and communications services sales).
 
The acquisition of Boatracs will be consolidated in Orolia as of 01/07/2012.

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Port St. John to Install KleinPort System

Klein Systems Group Ltd. announced today that it has entered into an agreement to install the KleinPort Port Management Information System at Port Saint John, New Brunswick.

ST Marine Celebrates Naming of Vessels

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Naming Ceremony today for the second Patrol Vessel (PV),

ABG Ties Up with GTT for LNG Technology

ABG Shipyard Ltd has tied up with Gaztransport and Technigaz (GTT) of France for the maritime transportation and storage of liquefied natural gas (LNG), reports Livemint.

Contracts

U.S. DoI Upholds 2008 Shell Arctic Lease

The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas

All American Marine Delivers Ferry to Seattle

All American Marine, Inc. (AAM) today announced the delivery of a new passenger ferry that will serve the city of Seattle.    The vessel, MV Sally Fox, was dedicated

Baltic Sea Freight Index Up on Higher Capesize Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday, mostly on higher capesize rates.   The index,

Software Solutions

Port St. John to Install KleinPort System

Klein Systems Group Ltd. announced today that it has entered into an agreement to install the KleinPort Port Management Information System at Port Saint John, New Brunswick.

Maersk to Install Transas ECDIS on 100 Vessels

Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The

KVH Outlines Ship-to-Shore Connectivity

The next generation of connectivity between ship and shore will be dominated by the development of applications to help ship owners and managers reduce costs by enhancing operational efficiency,

Logistics

U.S. DoI Upholds 2008 Shell Arctic Lease

The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas

Direct Le Havre to Charleston LCL Import Service

CaroTrans has announced the addition of an expedited Le Havre, France to Charleston LCL import service.    This is the only direct, weekly Le Havre to Charleston LCL service available in the market.

DryShips to Sell its Suezmax Tanker Fleet

DryShips Inc. (NASDAQ: DRYS), has announced  that it has entered into firm sales agreements with entities controlled by the Company's Chairman and Chief Executive Officer,

Mergers & Acquisitions

Hermes Unit, Canadian Fund to Buy $2.4B Stake in UK Ports Group

The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure are prepared to buy a 30 percent stake in Associated British Ports for about 1.6 billion pounds ($2.

DryShips to Sell its Suezmax Tanker Fleet

DryShips Inc. (NASDAQ: DRYS), has announced  that it has entered into firm sales agreements with entities controlled by the Company's Chairman and Chief Executive Officer,

Cargotec Solely owns China Crane

Cargotec and CAG Marine Holding Limited, which is in turn wholly owned by Carlyle Asia Growth Partners IV, L.P. and CAGP IV Coinvestment, L.P., now jointly own

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3330 sec (3 req/sec)