BSM Technologies Acquires Mobi

- Transaction enhances BSM’s commercial fleet management solutions to include planning, scheduling, route optimization and fleet analytics -

Toronto, ON, October 4, 2016

BSM Technologies Inc. (“BSM” or the “Company”) (TSX: GPS), a leading provider of remote monitoring, fleet management and fleet diagnostics today announced the acquisition of substantially all of the assets of Mobi Corp. (“Mobi”), through the Company’s subsidiaries, (the “Transaction”). Mobi’s appointment scheduling, route optimization and analytics software solutions are expected to provide a strong complement to BSM’s current product suite; positioning the Company to increase market share, better serve customers and further strengthen its competitive position. All figures are in US dollars unless otherwise noted.

Mobi is a privately-held software provider with a core product offering of several modules utilizing GPS data and analytics to enable its customers to better manage operational activities such as planning, scheduling, routing and dispatch. As an example, mobi.Route uses Mobi’s proprietary technology to reduce mileage and increase on time arrival allowing users to balance operational costs and customer satisfaction. With mobi.Result and mobi.Insight, Mobi’s GPS analytics modules, users are able to access key operating metrics such as revenue compared to cost-per-trip and easily identify variances between planned and actual performance. These visual tools convert large amounts of raw GPS data into actionable business intelligence. With the addition of the Mobi product suite, BSM will now be able to offer customers an end-to-end solution that will optimize fleet-related operations.

We are continuously working to strengthen our competitive position and overall value proposition with innovative solutions that further entrench us with our customers and ultimately better serve their needs, increasing overall customer satisfaction,” said Aly Rahemtulla, BSM’s President and CEO. “Through our acquisition of Mobi, we are able to move beyond collecting and reporting data toward providing our customers with solutions to optimize their daily operations. In addition, the acquisition will add predominantly SaaS recurring revenue and will drive EBITDA margin expansion.”

Mr. Rahemtulla continued: “Recently, we introduced the Mobi product offering to a select group of our clients that utilize our telematics solution. The response from customers to these additional capabilities and deep insight into their fleet operations was very encouraging. The ease of technology integration between our products, combined with the positive feedback from our customers, gives us confidence that this acquisition will further expand our customer footprint and provide opportunities for future growth by offering enriched solutions to commercial fleet operators.”

About Mobi Corp.

Mobi Corp., founded in 1996 by satellite experts from MIT Lincoln Labs is a leader in the data analytics space. With its core suite of software modules focused on planning, scheduling and route optimization using GPS data, they provide large commercial fleet operators with increased visibility into asset utilization, optimizing operations and driving increased revenue while minimizing costs. Mobi is headquartered in Austin, Texas and serves customers ranging from small fleets of 10 vehicles to large enterprise fleets in excess of 4,000 vehicles.

About BSM Technologies Inc. (

BSM Technologies Inc., through its subsidiaries, is a global top 20 commercial fleet telematics provider for automatic vehicle location (AVL) solutions that improve efficiency, accountability and reduce costs for fleet operators. BSM’s end-to-end solutions automate record keeping and regulatory compliance, reduce fuel burn and idling, mitigate risk, and keep drivers safe. BSM provides solutions for commercial and government units who manage and operate diverse assets and large fleets that utilize its integrated fleet tracking, fleet maintenance, and intelligent business engine which provides real time, web‐based tracking of mobile and fixed assets.

For more information, please visit (

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could", or "might" occur or be achieved and any other similar expressions. Such forward-looking information includes but is not limited to, statements with respect to the future financial or operating performance of the Company and the Mobi products and the ability to capitalize on future opportunities and statements regarding synergies and financial impact of the Mobi products. These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business and include, but are not limited to, efficiently and successfully selling the Mobi products to the Company’s customers. Management believes that these assumptions are reasonable; however, some risks include, but are not limited to, the failure to efficiently or successfully cross-sell the Mobi products to the Company’s customers, the failure to capitalize on future opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking information. Some of these risks, uncertainties and other factors are described under the heading "Risk Factors" in BSM's annual information form for the year ended December 31, 2015 available at Forward-looking information is based on estimates and opinions of management at the date the statements are made. Except as required by applicable law, BSM does not undertake any obligation to update forward-looking information. Readers should not place undue reliance on forward-looking information.

For more information please contact:

BSM Technologies
  • Aly Rahemtulla
  • President & CEO
  • BSM Technologies Inc.
  • (416) 675-1201
  • Conrad Seguin
  • Investor Relations
  • NATIONAL Equicom
  • (416) 815-0700 ext. 251