With our combined resources and technology, new features and modules will be available to both product suites in a very short time. Add-on offerings such as imaging, mobile communications, business activity monitoring and driver portals are planned to be available within a few short months
Beachwood, OH (PRWEB) September 8, 2006
TMW Systems Inc., the largest provider of enterprise management software for the trucking industry in the United States, today announced that it has acquired Maddocks Systems, Inc., Canada’s largest provider of trucking software. Terms of the acquisition were not disclosed.
This combination further establishes TMW Systems as North America’s largest provider of enterprise management software to the trucking industry with more than 1,000 customers managing 175,000 trucks worldwide and revenues in excess of $40M USD. Together, the two companies actively serve more “Top 100” carriers than any other software provider in the North American market. With this addition, TMW Systems will now employ over 250 professionals, in offices throughout North America. Both organizations have experienced double digit growth in revenues and earnings since 2002.
This strategic acquisition will enable TMW Systems to accelerate its mission to provide the trucking industry with the highest value business solutions that improve operational efficiency, deliver superior customer service, and ensure long term profitability. The infusion of technology, staff and expertise will allow TMW Systems to create even more compelling products and services. The combined R&D group is three times the size of any competing enterprise management software provider serving the trucking industry.
David W. Wangler, President and CEO of TMW Systems will lead the combined company. “This is our first acquisition since TMW was purchased by Wachovia Capital Partners and Peppertree Capital Management in 2005 and fits very well with our global strategy of expanding our business through continued organic growth as well as investing in superior businesses with complementary technology and robust business solutions. Maddocks is a well respected brand and will bring many additional products and services to our already well-rounded portfolio of offerings”, states Wangler. Both company’s customers will benefit from this acquisition through expanded products and services, broader geographic reach, and greater scale.”
TMW Systems will continue to develop, evolve and support both companies’ product offerings including TMWSuite Windows-based solution, TL2000 for the IBM iSeries and Maddocks TruckMateTM for Windows. Combining TMW Systems strong reputation, investment in R&D, award winning service and superior integration capabilities with Maddocks Systems additional expertise in LTL, intermodal and cross border functionality, a clear and compelling choice is created for transportation and logistics companies of any size, type, or industry segment.
Current customers will be able to leverage a broad set of existing complementary products developed by both TMW Systems and Maddocks Systems. “With our combined resources and technology, new features and modules will be available to both product suites in a very short time. Add-on offerings such as imaging, mobile communications, business activity monitoring and driver portals are planned to be available within a few short months”, said Bob Maddocks, president of Maddocks Systems.
“There has been a significant amount of time and energy put into planning for this acquisition by both TMW Systems and Maddocks Systems management teams and this effort will continue throughout the integration process”, said Wangler. “As leadership from TMW Systems and Maddocks Systems guides the integration of our sales, marketing, development, and customer service, our primary focus will be ensuring that our customers are served at the highest possible level.
TMW has also formalized its Lifetime Support Policy and extended it to include the Maddocks TruckMateTM for Windows product providing unparalleled investment protection. “Essentially, we are committed to supporting any customer of TMWSuite, TL2000, or TruckMate provided they continuously subscribe to our support and maintenance offering – as long as you’re in the trucking business we’ll be there.”
Randall Burrell, Maddocks Systems COO, has been appointed as General Manager TMW Canada and Bob Maddocks, President & CEO of Maddocks Systems is taking on a strategic role for TMW Systems as SVP of Business Development identifying new business opportunities and partnerships. All Maddocks Systems management and staff have become employees of TMW Systems. Both offices will be adding resources to meet the growing demand for its products and services. The combined organization will have significantly improved geographic coverage including sales, service and support.
Tom Weisz, TMW’s Chairman states, “TMW and Maddocks have competed head-to-head for many years and have developed a genuine respect for one another. It is my belief that the combination of TMW and Maddocks will provide North America’s top trucking companies with the most compelling technology solutions available in the market today.”
About TMW Systems, Inc.
Founded in 1983, TMW Systems, Inc. is recognized as the largest provider of enterprise management software designed specifically for the trucking industry. TMW Systems’ products – including TMWSuiteTM for Windows® and TL2000 for the IBM iSeries (AS/400) platform – enable carriers to easily integrate vital real-time data from every facet of their operations into a single system to maximize dispatch efficiency, improve productivity and customer service and enhance profitability. TMW Systems’ fleet management solutions have contributed to the success of some of North America’s most respected motor carriers and private fleets. Based in Beachwood, Ohio, TMW serves 575 customers managing 125,000 trucks globally, including North America, Europe, China and Latin. America. For the 12 months ending June 30, 2006, TMW Systems recorded GAAP revenues of $28.7M USD. For more information, visit http://www.tmwsystems.com or call 800/401-6682.
About Maddocks Systems, Inc.
Founded in 1981, Maddocks Systems Inc. http://www.maddocks.ca is a leading supplier of software solutions exclusively to the transportation and logistics industry. TruckMate™ for Windows is an enterprise-wide client-server product designed to meet the needs of Truckload, LTL, Brokerage/Logistics, Bulk, Intermodal and Private carriers. With 440 installed customers managing 50,000 trucks worldwide. Maddocks Systems is one of the largest providers of Windows client-server trucking software solutions. For the 12 months ending June 30, 2006, Maddocks Systems posted GAAP revenues of $12.6M CAD.