In an attempt to meet the requirements of its subscribers, including connection, communication, and coordination with mobile workers, @Road, Fremont, Calif., recently acquired the assets of New Jersey-based ConnectBusiness, a wireless timekeeping and project management provider.
Under the terms of the agreement, @Road acquired the rights to ConnectBusiness’ intellectual property, software applications, and sales and marketing data for cash consideration. Exact financial terms of the deal were not released.
The company plans to use the technologies picked up in the acquisition to develop location-enhanced timekeeping and project management services to link Internet-enabled mobile phones, smart pagers, and PDAs with enterprise applications.
