HVAC Breaking News

Aug. 18, 2009: Xora and Gearworks, Two Leaders in Mobile Workforce Applications, Merge

MOUNTAIN VIEW, Calif. - Xora and Gearworks, two leaders in location-based mobile workforce applications, announced that they have merged. The combined company will retain the Xora name, servicing more than 16,000 customers deployed across leading wireless carriers.

According to Xora, the combined entity will have the broadest wireless carrier distribution footprint in the industry, including partnerships with Sprint Nextel, Verizon, AT&T, Telstra, US Cellular, Cbeyond, and Procall. In addition to wireless carrier partnerships, Xora is a leading provider of location-based mobile time clock and data collection solutions. The combined product portfolio will consist of Xora’s GPS TimeTrack® suite of products and Gearworks’ Field Force Manager®, etrace®, OnCare® and Appmosphere® offerings.

Xora said the transaction puts it in an ideal position to continue to capitalize on the growing market for handset-based mobile resource management applications globally, and especially in North America, where the market is expected to reach 5 million subscribers and more than $1 billion in annual recurring software revenue by 2015 according to Frost & Sullivan, a leading industry analyst firm.

“The Xora-Gearworks merger is exceptionally well-timed to give the company pole position in the burgeoning market for handset-based mobile resource management solutions,” stated Jeanine Sterling, senior industry analyst, mobile and wireless communications, Frost & Sullivan. “With the most extensive product offering, spanning off-the-shelf to customizable mobile applications, and the broadest carrier coverage in the industry, the new Xora’s capabilities are top-tier and should be highly valued by customers of all sizes, as well as by wireless carriers seeking to deliver such applications to their business customers.”

“This combination brings together two recognized leaders in the industry that share a common vision and desire to bring powerful tools to businesses that want to improve their operational efficiency,” said Sanjay Shirole, co-founder and CEO of Xora. “By measures critical to our long-term success, including growth and diversification of revenues, product portfolio, channel partnerships, and customer support capabilities, this merger is a big win not only for us, but also for the customers and partners of the new combined company.”

For more information, visit www.xora.com/gearworks.

Publication date: 08/17/2009

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