TMW Systems Acquires Innovative Computing Corporation
Tuesday, December 1, 2009
Cleveland, OH. December 1, 2009--TMW Systems announced today that it has acquired 100% of the outstanding shares of privately-held BetaZone Inc., including its wholly owned subsidiary, Innovative Computing Corporation (ICC). The acquisition of Innovative, or ICC, with offices in Brentwood, TN and Oklahoma City, OK, further strengthens TMW's presence in the transportation industry as the leading provider of enterprise software for large and mid-range firms, both asset and non-asset-based. Terms of the transaction were not made public.
"TMW is proud to add the Innovative business to our family of robust enterprise applications for the transportation services industry. Their rock-solid technology, growing SaaS business and loyal customer base, make the ICC organization a great fit for our company and aligns well with our mission to help customers improve their efficiency and profitability," said David Wangler, President and CEO of TMW Systems, based in Cleveland, OH. "The Innovative name is well-respected and their systems power the operations of many successful carriers across North America. We already serve many customers jointly with ICC through our integrated products such as TMT Fleet Maintenance software, IDSC ExpertFuel, IDSC MatchAdvice and IDSC Netwise. We will continue to sell, support and develop the ICC product line to protect our customer's technology and platform investments; a strategy that we have followed successfully with each of our previous company acquisitions," Wangler concluded.
The transaction offers immediate benefit for both TMW and ICC customers as many of the products from both firms are already integrated, with hundreds of successful installations. ICC customers will now have greater access to a broad set of business productivity and best-of-breed maintenance and optimization technologies, as well as the significantly greater R&D and support resources of a larger organization. Existing TMW customers on the System i platform, including TL2000 and TMT Fleet Maintenance, will also benefit from expanded development resources and shared best practices with the ICC team. TMW's Lifetime Support Policy for enterprise software products will be extended to all active clients running currently supported ICC software.
"Many Innovative customers have already found TMW Systems to be a strong industry technology partner where they have added TMW point solutions to their Innovative enterprise software," noted Ernie Betancourt, president of ICC. "Our customers now have the opportunity to see their technology investment grow in value with TMW support and industry leadership."
Since 1969, Innovative Computing Corporation, has developed, maintained and supported enterprise operations software designed for the truckload carrier industry, running on IBM mid-range servers, notably the IBM System i or AS/400 platform. ICC serves hundreds of successful firms, including many of the Transport Topics Top 100 For-Hire Carriers. The Innovative Enterprise Software (IES) application is offered in both on-premise and software-as-a-service (SaaS) versions. In recent years, ICC has taken its SaaS offering to market in two versions; one geared for smaller carriers with more than 20 trucks and the other suitable for much larger firms with more complex business requirements.
About TMW Systems
TMW Systems is the North American transportation industry's leading provider of enterprise transportation software, serving more than 1,500 customers prior to acquiring ICC, including shippers, 3PLs, private fleets, brokers, LTL and TL carriers, intermodal carriers, construction fleets, ready mix and waste management fleets as well as commercial heavy-duty repair operations. With the addition of Innovative, TMW now counts more than 1,800 customers in the transportation services and heavy-duty vocational and municipal fleet sectors. Excluding true, non-asset-based customers, the combined firm is responsible for managing more than USD$62 billion in annual freight spend.
For more information, please visit www.tmwsystems.com or call 800.401.6682.
Innovative Computing Corporation, or ICC, with offices in Brentwood, TN and Oklahoma City, OK, develops, maintains and supports IBM System i based enterprise software solutions for the truckload carrier industry. Founded in 1969, ICC serves hundreds of successful companies in the transportation industry, including many of the current Transport Topics Top 100 For-Hire carriers. The Innovative Enterprise Software (IES) application is offered in both on-premise and software-as-a-service (SAAS) versions.