Safety

Technology Solutions Provider Acquires Synovia for $50M

Posted on April 16, 2019
Synovia Solutions, which created the Here Comes the Bus tracking app, shown here, expects its acquisition by CalAmp to accelerate growth.
Synovia Solutions, which created the Here Comes the Bus tracking app, shown here, expects its acquisition by CalAmp to accelerate growth.

INDIANAPOLIS — Synovia Solutions announced on Monday that it has been acquired by technology solutions provider CalAmp.

The fleet tracking solution provider, which created the Here Comes the Bus tracking app, expects the acquisition to accelerate growth.

"This is an exciting time for Synovia as we join a host of other respected technology brands to become part of the CalAmp family,” said Jon King, CEO of Synovia. “It will allow us to better serve our current customers and scale the businesses. Synovia has doubled the size of our business in the past few years and this acquisition will allow us to further accelerate our growth and provide greater value to customers while providing stellar customer service that builds on our Fleet Advisors and Synsurance programs."

CalAmp has served as Synovia's telematics technology provider since 2003.

Synovia was recognized with an Innovation Award in the Mobile Computing category from IHS Markit at the 2019 Consumer Electronics Show for the Here Comes the Bus app, according to the fleet tracking solution provider. With more than one million registered users, Here Comes The Bus has won plaudits from parents and educators for its simplicity and reliability, earning 4.6 stars on the Apple App Store with nearly 50,000 reviews.

With the acquisition of Synovia, CalAmp continues its expansion in subscription-based services. The acquisition will improve Synovia's ability to leverage CalAmp's extensive telematics solutions and services, including CrashBoxx, which provides crash alerts and accident reconstruction; SC iOn Command, which offers supply chain visibility; and LoJack SureDrive, a connected car app. Synovia can also tap into CalAmp's global reach with services like Here Comes The Bus.

Related Topics: apps, vehicle tracking/GPS

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