Aether Systems Inc. announced today that it has acquired certain assets and licenses from @Track Communications Inc.
Under terms of the $15-million agreement with @Track, Aether will assume management of the portion of the @Track product suite software for the long-haul trucking and asset-tracking industries, including TrackWare, 20/20V and Platinum Service.
With this agreement, Aether said it now has the opportunity to support and retain the business of approximately 400 new customers representing an additional subscriber base of more than 25,000.
Aether and @Track will also work together to support the customer base of several hundred long-haul trucking companies and thousands of users of @Track's HighwayMaster Series 5000 (HM 5000) product, which is a total fleet-management system, combining voice and data communications with satellite-based GPS location technology.
@Track will assign to Aether all service revenues from HM 5000 customers following closing. Aether, in turn, will reimburse @Track for the network and airtime service costs related to providing the HM 5000 service.