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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Groningen Seaports First in Line for Damen InvaSave

The first production version of Damen’s InvaSave ballast water treatment system – intended for use at Groningen Seaports – will be on display at the upcoming ‘DelfSail’

Sevan Marine Divests Stake in KANFA Aragon

Sevan Marine ASA said it has disposed 50 percent of its stake in KANFA Aragon AS to Sembcorp Marine Ltd. for cash consideration of NOK 20 million, representing

MAN Turbochargers Round Millennium Mark

ECOCHARGE principle drives improved engine performance through two-stage turbocharging.   MAN Diesel & Turbo has delivered its 1,000th turbocharger to two-stage turbocharged applications,

Contracts

Boskalis Secures Dike Reinforcement Project

Royal Boskalis Westminster N.V. announced that the Noorderzijlvest district water board intends to award the contract for the Eemshaven-Delfzijl dike reinforcement

Wärtsilä, Zamakona Yards Join forces in Canary Island

Wärtsilä is enhancing its service offering by participating in a new maintenance hub in the Canary Islands. The facility, operated by one of Spain's biggest shipbuilding and ship repair groups,

Diana Shipping Enters Contract with SwissMarine

Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Ice Class Panamax dry bulk vessels,

Software Solutions

ECDIS Related Detentions on the Rise

ClassNK has been informed by Australian Maritime Safety Authority (AMSA) that during PSC inspections it has been increasingly reported that vessels have been detained

Freightgate Announces SOLAS VGM Compliance Solution

Freightgate Inc announced an easy to use, integrated (SSO enabled) solution for International Shippers around the world to comply with the new IMO Requirement to certify VGM (Verified Gross Mass).

DNV GL's Sesam GeniE Reduces Engineering Costs

When warping analysis is required during design of certain types of beam offshore structures, it can involve many costly hours of manual calculations by senior engineers.

Logistics

Six-Month High for Service Reliability

Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

CMA CGM Crosses 91.05% Ownership Threshold of NOL

CMA CGM S.A has crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL).    Following its all-cash voluntary conditional

MSC Partners with Peel Ports for Liverpool2 Trials

Mediterranean Shipping Company (MSC) is pleased to be working with Peel Ports as commissioning work for Liverpool2 gets into full swing.   Berthing and Marine

Mergers & Acquisitions

CMA CGM Crosses 91.05% Ownership Threshold of NOL

CMA CGM S.A has crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL).    Following its all-cash voluntary conditional

Sevan Marine Divests Stake in KANFA Aragon

Sevan Marine ASA said it has disposed 50 percent of its stake in KANFA Aragon AS to Sembcorp Marine Ltd. for cash consideration of NOK 20 million, representing

EU to Accept Antitrust Offer from Maersk, MSC, 13 Others

World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe,

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.1274 sec (8 req/sec)