Orbcomm acquires InSync to expand asset tracking capabilities
February 5, 2015
New Jersey-based Orbcomm has completed the acquisition of InSync Software, a provider of IoT enterprise systems across a broad spectrum of vertical markets, applications and customers. Headquartered in California, InSync’s software powers global sensor-driven asset tracking and remote monitoring applications that allow end users, managed service providers and independent software vendors to increase asset visibility, improve operational efficiencies and reduce risk.
The acquisition of InSync supports Orbcomm’s strategy to provide applications and capabilities in the M2M industry, while broadening its market access to a wide range of industries. With the addition of InSync’s turn-key software applications, Orbcomm can let its customers build and deploy M2M and IoT enterprise systems in core markets including transportation and distribution, cold chain, warehousing, supply chain, yard management and manufacturing.
InSync’s enterprise system adaptors and interfaces enable software to be integrated with existing enterprise systems quickly and easily. Orbcomm plans to expand InSync’s uniform software platform that currently leverages RFID, cellular and sensor technologies to include satellite technology. InSync’s customers include Iron Mountain, Dell Sonicwall, Gates Global and Emerson Electric.
“InSync brings an impressive base of customers and adds significant capabilities to Orbcomm’s software team,” said Marc Eisenberg, Orbcomm’s chief executive officer.
Orbcomm acquired InSync from privately held Identec Group. InSync has 47 employees divided between the USA and south Asia, including a development centre in Hyderabad, India, bringing web development capabilities and proven technology to Orbcomm.