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News

Masternaut buys into fleet management software.

Masternaut : 15 April, 2008  (Company News)
ICM Business Solutions bought by Masternaut in drive to expand from vehicle tracking into all aspects of fleet management.
Vehicle tracking and mobile solutions company Masternaut Three X has acquired ICM Business Solutions, a Microsoft Gold Partner and leading UK provider of Microsoft business application software. Masternaut Three X supported a management buyout of the business from Phoenix IT Group. The new business, which will be run by the previous management team of Rod Atherton and Andrew Wilkinson, will be 100% owned by Masternaut Three X and known as Three X Business Solutions Limited.


ICM Business Solutions implement Microsoft business applications to the transport and logistics sector and offer a wide range of complimentary web-based software mainly focusing on Microsoft Dynamics CRM. The deal follows the recent acquisition by Masternaut Three X of ISP Fibre City for GBP 6 million and will further boost the appeal of Masternaut Three X in the UK.

Established in 1978, ICM Business Solutions employs a team with over 300 years of industry knowledge including extensive experience of Microsoft's financial, logistics, e-commerce and CRM solutions sold under the Microsoft Dynamics brand. Masternaut Three X expects its turnover to rise to GBP 22 million in the current financial year ending August 08 and that the new business will add GBP 3 million in annual revenue together with extended software capability.

"ICM Business Solutions is a perfect acquisition for us" says Martin Port, Managing Director of Masternaut Three X. "It will allow us to quickly establish a one stop shop for complete business technology solutions, boost our software development and integration capability and open up significant opportunities for sales to the Microsoft worldwide partner channel."

"As part of the ICM Group we already had a close working relationship with Masternaut Three X on the business continuity side. Having gained an insight into the ambitions of Masternaut Three X we realised that they would be a perfect partner for the future. So we are really pleased to be able to join a company so clearly in tune with the needs of the market and a great team to work with." Says Andrew Wilkinson, Business Solutions Director.

"With Masternaut Three X vehicle tracking and mobile applications developed in Microsoft.net and a significant new deal just signed with Microsoft Virtual Earth, the addition of ICM Business Solutions gives us a real edge in providing totally integrated mobile and office solutions. It also means we can offer a whole range of business services and hosted applications across the 1500 stong Masternaut Three X customer base." Concludes Martin Port.
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