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Trimble acquires Iowa based Innovative Software Engineering for its transportation division

June 15, 2017

California-based Trimble has acquired privately held Innovative Software Engineering headquartered in Coralville, Iowa, according to a news release Tuesday.

Financial terms were not disclosed, according to the release.

Trimble serves multiple industries that require compliance with the upcoming Electronic Logging Device (ELD) mandate, including customers in transportation and other industries. The mandate, which requires certain fleets to electronically log hours of service (HOS) data, will go into effect in December 2017.

According to TransportTopics.com, the federal ELD mandate orders almost all U.S. heavy-duty trucks to discontinue paper logging of driver hours of service in favor of an automated approach.

According to the release, the addition of ISE allows Trimble to combine research and development efforts to provide customers with a robust and compliant ELD solution. ISE provides its electronic logs as a service to a variety of businesses that provide a logging solution to a broad range of customers, including those in oil and gas transportation, agriculture and construction as well as private and for-hire fleets

Innovative Software Engineering is an engineering and systems integration firm that delivers innovative, end-to-end Internet of Things and telematics solutions, enterprise mobility applications and tailored software solutions.

Hass Machlab started ISE in 2002 from the basement of his house. He will remain as CEO of ISE, which is now a Trimble subsidiary.

“For more than 15 years, ISE has dedicated itself to providing enterprise and tailored software solutions to its clients. Our Fleet Services products provide fleets with end-to-end solutions that solve complex safety and compliance issues,” Machlab said. “In joining Trimble, we look forward to being part of an organization that shares this dedication and leveraging synergies that will enable continued innovation to benefit all of our customers.”

James Veneziano, Senior Vice President of Trimble, said ISE’s broad industry expertise will extend Trimble’s capabilities in providing fleet safety and compliance.

“By acquiring ISE, we can further develop comprehensive solutions and services to enable our customers to realize improved efficiencies and greater levels of safety within their organization,” Veneziano said.

 

Trimble acquires Iowa based Innovative Software Engineering for its transportation division | Clay & Milk
A central Iowa ag-tech accelerator has secured more backers and finally has a name. The Greater Des Moines Partnership first announced the accelerator last year, naming four initial investors. On Monday, the Partnership said the program will be called the "Iowa AgriTech Accelerator" and named three new investors. The new investors include Grinnell Mutual, Kent Corp. and Sukup Manufacturing, all Iowa companies. They join investors Deere & Co., Peoples Co., Farmers Mutual Hail Insurance Co. and DuPont Pioneer. Each investor has agreed to put up $100,000 for the first year of the accelerator. Startups entering the program will receive $40,000 in seed funding in exchange for 6 percent equity. Tej Dhawan, an angel investor and local startup mentor, is serving as interim director until the AgriTech Accelerator names a permanent leader. Dhawan held a similar role with the GIA before Brian Hemesath was named as managing director. As interim director, Dhawan said his main job includes hiring the accelerator's executive director, establishing a business structure and initial recruiting for the first cohort. The accelerator will place few filters, such as location and product, on the applicant pool, Dhawan said. "When you’re seeking innovation, innovation can come from every corner of the world so why restrict ourselves," he said. One area the the AgriTech Accelerator won't recruit from is biotech. For its first cohort, the AgriTech Accelerator will work out of the GIA's space in Des Moines' East Village, Dhawan said. A future, permanent home is still to be decided. The accelerator's program will host startups from mid-July through mid-October, ending with an event connected to the annual World Food Prize. The GIA, which the AgriTech Accelerator is based on, also ends with presentations at an industry event. The accelerator has also started lining up a mentor pool. The Iowa Corn Growers Association, Iowa Soybean Association and the Iowa Pork Producers Association have agreed to provide mentors, as has Iowa State University. While the AgriTech Accelerator is loosely based off of the GIA, it will differ in its business structure, Dhawan said. The GIA runs through a for-profit model for both operations and its investment fund. The AgriTech Accelerator will have a nonprofit model for its operations and a for-profit setup for its fund. Dhawan said the nonprofit model is being used so the accelerator can better work with other nonprofit partners, such as trade associations. "These are all organizations that are nonprofits and can be amazing stakeholders without ever having to be investors in the accelerator," he said. "It becomes easier to work with trade associations in their nonprofit role when we are also a nonprofit." When it's up and running, the AgriTech Accelerator would be one of a handful of ag-focused startup development programs in Iowa. Others include the Ag Startup Engine out of Iowa State University and the Rural Ventures Alliance from Iowa MicroLoan. Matthew Patane is the managing editor and co-founder of Clay & Milk. Send him an email at mpatane@clayandmilk.com.
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