The purchase price included an undisclosed cash payment, plus additional compensation based on FleetAdvisor software sales as well as OmniTRACS systems sales facilitated by Eaton. Under the terms of this agreement, Qualcomm has hired approximately 40 of Eaton's employees who have been responsible for system development and customer support.
Qualcomm will provide product support and service to current FleetAdvisor customers, and Eaton will work with Qualcomm to promote the OmniTRACS system through Eaton's Roadranger sales and service network. Eaton and QUALCOMM have also agreed to explore further strategic relationships for developing and marketing products and services for vehicle monitoring, diagnostics and prognostics that utilize Qualcomm mobile communications capabilities and Eaton's truck systems capabilities.
"The acquisition of FleetAdvisor will allow us to offer more valuable and complete solutions to our private fleet, truckload and LTL customers," said Chris Wolfe, senior vp and general manager of Qualcomm Wireless Business Solutions. "We are fortunate to add the expertise and talent of the FleetAdvisor development and support staff to our Qualcomm team. We welcome the opportunity to work with existing FleetAdvisor customers and provide them with continued excellent service and support."
The FleetAdvisor system includes hardware and software elements, including a set of applications to be offered to new and existing customers on Qualcomm’s MVPc in-vehicle computer for automated driver logs, accurate state fuel tax calculation, enhanced work order management, increased driver and vehicle productivity and improved customer service.
The MVPc is a Windows CE-based platform that runs custom or third-party applications and is an optional driver interface to Qualcomm 's fleet management solutions, including the OmniTRACS mobile communications system.