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Telstra has announced the acquisition of GPS and telematics fleet management solutions provider MTData in a bid which the incumbent says will boost its IoT offerings in the global connected vehicle market. Financial terms of the deal were not disclosed.
MTData was founded in 2003 and has operations in New Zealand, the US, Canada and the Middle East as well as Australia.
According to Telstra, MTData provides GPS telematics and fleet management services that assist customers with compliance and safety, improving productivity and reducing operating costs.
Michelle Bendschneider, executive director of Telstra Enterprise, said the acquisition will provide Telstra with the technical capability and software expertise necessary to help fast track the operator’s enterprise connected vehicle offering as part of its growing business-ready IoT ecosystem.
“The MTData acquisition provides Telstra with advanced technology and deep domain expertise in connected vehicle solutions,” said Bendschneider.
“This strategic acquisition will enable us to capitalize on the business ready IoT capability on our network, deliver IoT solutions to our customers in the heavy vehicle industry and supports a natural transition towards future autonomous vehicle technologies.”
Commenting on the acquisition, Matthew Bellizia, CEO and co-founder of MTData, said, “There are strong synergies with our technology and customer focused cultures and through our integration we will provide customers with access to new and existing technologies like Telstra’s IoT offerings.”
The acquisition by Telstra will allow MTData to provide connected vehicles, asset tracking and location insights, in the utilities, agriculture and resources industries, Bellizia said.