Fleet management software developer TMW Systems acquired Maddocks Systems, a British Columbia-based fleet software company. The acquisition, TMW's first since its own acquisition by Wachovia Capital Partners and Peppertree Capital Management in 2005, creates an enterprise of more than 1,000 customers managing some 175,000 trucks worldwide.
“This…fits very well with our global strategy of expanding our business through continued organic growth, as well as investing in superior businesses with complimentary technology and robust business solutions,” said David W. Wangler, president & CEO of TMW Systems and head of the newly combined enterprise.
Bob Maddocks, president & CEO of Maddocks Systems, will serve ass sr. vp of business development, while Randall Burell, Maddocks Systems COO, has been appointed general manager for the new “TMW Canada” unit.
Major objectives for the new cross-border company include expanding offerings for smaller fleets with 20 to 50 power units and looking beyond the TL market to develop LTL, private fleet, logistics, brokerage and intermodal fleet management products, according to Wrangler. The company is also looking ahead to 2009-2010 and the next generation of software, which will be built on the Microsoft.net platform.
For the short-term, TMW pledged to maintain “business as usual” by continuing to develop, evolve and support both companies' product offerings, including Maddocks TruckMate for Windows, along with TMW's TL2000 for the IBM iSeries and the TMWSuite Windows-based solution.