MSD Telematics offers its Telematics solution under the brand name traQmatiX.
India-based telematics solution provider MSD Telematics has acquired Heuristics Info Systems in an all cash deal.
Founded by Amit Dubey and Pradeep Rai in 2008, Heuristics offers vehicle tracking system and mobile application software. The company provides unique cost-effective quality solutions to various industry segments.
Following the acquisition, Amit Dubey, Founder Partner of Heuristics, will join MSD Telematics as a board advisor.
Ashmeet Singh, founder of MSD Telematics, said, “We are excited to have the Heuristics team join us in this exciting journey. Together we look forward to grow multi-fold in the next few years. Heuristics gives us the ability to now service international clientele with innovative and robust software solutions.”
“With the tremendous growth in Transport Tech and Logistics Tech space, telematics industry will see fabulous growth in the years to come, Singh added.
Siddharth, investor at MSD Telematics said, “It is time we function as business intelligence partners for the customers, helping them drive operational efficiency while reducing costs and risk.”
Telematics companies need to create unique positioning products that help customers grow their business, Siddharth said.
Founded by Ashmeet Singh and his friend Siddharth in 2011, MSD focuses on telematics integration, GPS based tracking/remote asset management, mobility solution and all M2M solution based products. It offers Telematics solution under the brand name traQmatiX.