Connected Holdings provides the Connected Intelligent Services Platform, an “Intelligence as a Service” platform combining lowest cost wireless sensor device development and manufacturing with, low cost cellular services, cellular connectivity management, over the air device management, financial and billing system management, cloud based analytics processing and more. Phillips Connect is division of Phillips Industries, a leading supplier and manufacturer of parts for the trucking industry founded in 1918. Phillips will be using Connected Holding's technology and expertise in their TrailerNet, ChassisNet and ContainerNet telematics platforms set to be launched this year.
From identifying the right acquirer and positioning our company to get their attention, to completing due diligence, Corum managed the M&A process carefully yet aggressively to get a deal done. Corum was there for us throughout this entire process and I wouldn't consider any M&A activity in the future without first seeking their assistance.