SUNNYVALE, Calif., Dec 19, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --
Trimble
(Nasdaq: TRMB) announced today it has acquired the FastMap and GeoSite
software assets from KOREC, a privately-held Trimble distributor serving the
United Kingdom and Ireland. The acquisition, which includes software
development, professional services and business development teams, will allow
Trimble to expand its Mapping and Geographic Information System (GIS)
solutions to provide optimized software and professional services in Europe,
Africa and the Middle East. Financial terms were not disclosed.
FastMap is an integrated field-based software suite for GIS data
collection, maintenance, and use that supports all Ordnance Survey digital
data sources as well as data from any GIS system that conforms to OpenGIS(R)
standards. The suite includes modules for mobile data capture and data
maintenance, workforce management, asset management, and map production. The
GeoSite product provides a complete solution for land surveyors and
construction professionals for managing a full range of field to office
functions such as processing data, editing CAD files, conducting volume
analysis, and plotting production operations, all in a single software
package. The acquired professional services group delivers customized
solutions for various industries throughout the United Kingdom and Ireland
including utilities, government, transportation and environmental management.
"The FastMap and GeoSite software will enable Trimble to provide a
complete and compelling solution to our enterprise customers in the United
Kingdom and Ireland," said Peter Large, general manager of Trimble's Mapping
and GIS Division. "In addition, the software and professional services team
will enable us to provide custom solutions to key enterprise customers in the
utilities, transportation and government sectors in Europe, Africa and the
Middle East."
About KOREC
KOREC is one of Trimble's largest distributors providing a single source
supply for advanced GPS solutions to the construction, surveying and GIS
industries in the United Kingdom and Ireland.
For more information, visit: http://www.korecgroup.com
About Trimble
Trimble applies technology to make field and mobile workers in businesses
and government significantly more productive. Solutions are focused on
applications requiring position or location -- including surveying,
construction, agriculture, fleet and asset management, public safety and
mapping. In addition to utilizing positioning technologies, such as GPS,
lasers and optics, Trimble solutions may include software content specific to
the needs of the user. Wireless technologies are utilized to deliver the
solution to the user and to ensure a tight coupling of the field and the back
office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a
worldwide presence with more than 3,800 employees in over 18 countries.
For more information, visit Trimble's Web site at http://www.trimble.com
Certain statements made in this press release are forward looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and are made pursuant to
the safe harbor provisions of the Securities Litigation Reform Act of 1995.
These statements involve risks and uncertainties, and actual events and
results may differ materially from those described in this news release.
Factors that could cause or contribute to such differences include, but are
not limited to, whether Trimble will be able to successfully expand its GIS
solutions through the acquisition and provide complete and compelling
solutions to enterprise customers; whether enterprise customers, especially in
new geographic markets, will adopt such solutions; and the impact of worldwide
recessionary conditions on enterprise customer purchasing decisions.
Additional risks and uncertainties include: the risks inherent in integrating
an acquisition; unanticipated expenditures, charges or assumed liabilities
that may result from the acquisition; retaining key personnel; and the impact
of the current global financial crisis and recessionary conditions. More
information about potential factors which could affect Trimble's business and
financial results is set forth in reports filed with the SEC, including
Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K.
All forward looking statements are based on information available to Trimble
as of the date hereof, and Trimble assumes no obligation to update such
statements.
GTRMB
SOURCE Trimble
http://www.trimble.com
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