Qualcomm Sells Omnitracs for $800 Million
September 10, 2013 Alex Woodie
Qualcomm last month sold Omnitracs, its division that develops truck- and trailer-tracking technology that was often integrated with carriers’ dispatching applications running on IBM i servers, to a private equity group for $800 million. Long before CDMA or the Snapdragon processors were a gleam in Irwin Jacobs’ eye, Qualcomm was–if you can believe it–a mainstay in the rough and tumble world of interstate trucking. The tale starts in the glorious year of 1988, when the San Diego, California, company started developing the Omnitracs systems that would combine cellular, satellite, and IBM midrange technology to track and monitor trucks and trailers |