In Motion Technology
Clients with fleets in mission critical environments with a secure, managed end-to-end communications system.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
$21.0m Valuation: $21.0m | Acquisition | ||
| Total Funding | 000k | ||
Founded in 2002 by Kirk Moir, In Motion Technology carved a niche in providing robust mobile enterprise networks. The company specialized in creating solutions for sectors where reliable connectivity in moving vehicles is critical, such as public safety, transit, and utility fleets across the United States and Canada.
The core of their business was the onBoard Mobile Gateway (oMG), a ruggedized, in-vehicle mobile router. This device functioned as a mobile branch office, establishing a single, secure platform to connect all in-vehicle and mobile devices to a central corporate network. The oMG was engineered to manage communications seamlessly across various network types, including 3G, LTE, and Wi-Fi, ensuring constant and reliable data transmission for mission-critical operations. The system was composed of the in-vehicle hardware (oMG) and a mobile network management system called the onBoard Mobility Manager (oMM), which transmitted data like GPS, telemetry, and asset tracking information.
The company's business model revolved around selling these integrated hardware and software solutions to organizations managing large vehicle fleets. In 2013, the firm generated $15 million in revenue with a gross margin of 50 percent. After securing over $5.6 million in venture funding across two rounds, In Motion Technology was acquired by Sierra Wireless on March 3, 2014, for $21 million in cash. The acquisition was a strategic move by Sierra Wireless to strengthen its leadership in the machine-to-machine (M2M) space and expand its portfolio of enterprise solutions for high-value markets.
Keywords: mobile enterprise networks, in-vehicle routers, onboard mobile gateway, M2M communication, public safety connectivity, fleet management solutions, transit technology, utility fleet communication, ruggedized mobile routers, vehicle area network, Sierra Wireless, Kirk Moir, asset tracking, mobile data communications, network redundancy, mobile VPN, end-to-end communication, mission-critical networks, mobile hotspots, vehicle-based router