Montreal, QC, December 14th, 2021 – Otodata Technologies USA (“Otodata”) is pleased to announce that it has acquired Wireless Applications Corporation (“WACnGO”), a leading player in the South American and Israeli tank monitoring and delivery markets.
Founded in 2008, Otodata offers leading remote tank monitoring hardware and software for a variety of industries. Otodata’s solutions allow users to monitor their tanks remotely; providing insightful, real-time data to optimize asset and labor productivity in their business.
“We are so pleased to be working with the WACnGO team. This acquisition will accelerate our diversification into the propane truck distribution and delivery market as well as allow us to leverage our innovative solutions for remote tank monitoring in South America and Eastern Europe. This represents an important step in our strategy to address the growing demand for reliable, affordable and automated tank monitoring solutions across a variety of industries and geographic markets.” said Andre Boulay, President of Otodata.
“The WACnGO team is thrilled to be part of Otodata. WACnGO’s vision was always to create a one stop shop, end-to-end logistics optimization solution based on telemetry and truck management for LPG and oil distributors. The WACnGO team is dedicated to its customers and always adapts the right solution to their needs. Joining forces with Otodata will allow us to provide our customers with additional products, services, and innovative pricing structures. It will also enable them to monitor every asset and receive instant ROI, both locally and abroad.” said Uri Artzi, Founder of WACnGO.
About Otodata Technologies USA
Otodata has been a key player in the tank monitoring industry for over a decade. Its goal has always been to produce a monitor with the lowest cost of ownership in the industry, making large-scale implementation affordable for all fuel resellers.
For more information, please visit our website at www.otodatatankmonitors.com and our social media channels:
- https://youtu.be/_YYCTIipmJo
- https://www.linkedin.com/company/otodata
- https://www.facebook.com/otodatawireless
- https://twitter.com/Otodata
- https://www.instagram.com/otodatatankmonitors
About Wireless Applications Corporation
WACnGO is a leader for end-to-end telemetry solutions to best achieve logistic optimization and cost reduction for oil and gas distributors. It is capable of monitoring, but is not limited to, propane, oil, gas tanks, and meter applications with options in Israel and South America.
WACnGO was established in 2006 and is based in Tel-Aviv Israel, with subsidiary companies in Brazil, Chile, and the USA.
This communication is intended only for informational purposes. This communication nor any attachment thereto is not intended, and should not be construed, as investment advice and does not constitute an offer or commitment, a solicitation of an offer, or any advice or recommendation, to enter into or conclude any transaction. Offers are made only pursuant to a definitive Private Placement Memorandum, Subscription Agreement, or other relevant documentation for the Funds, which contain detailed information concerning the investment terms and the risks, fees and expenses associated with an investment in that Fund. Certain information regarding this communication may have been obtained from third-party sources, including from portfolio companies of funds managed by Renovo. While taken from sources believed to be reliable, Renovo has not independently verified such information and makes no representations about the accuracy of the information or its appropriateness for a given situation. The communication speaks only as of the date indicated or, if no such date is indicated, the date such content is originally posted, and any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in this communication are subject to change without notice and may differ or be contrary to opinions expressed by others. This communication or any attachment thereto is not intended, and should not be construed, as legal, tax, public accounting or auditing advice or opinions. You should consult your legal counsel, accountants and/or tax advisors prior to making any decisions or taking any action concerning the matters in this communication.