Leverageable Technology Platforms News

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…

The Boatracs acquisition is part of the Orolia group’s strategy to offer 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. Oriola says itsl business model calls for initial hardware sales followed by recurring airtime revenue and SaaS (Software as a Service).