The Asset Intelligence subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, announces the acquisition of a new customer deploying its VERIWISE® Intermodal Container tracking solution. The customer, one of North America's largest providers of intermodal transportation services, selected the VERIWISE solution following extensive evaluation and competitive analysis, citing the VERIWISE IQ™ Analytics solution as well as the system's fully integrated and rugged hardware design as the primary factors in the selection. The initial order is valued at $1.4 million with a 5 year service term, representing the beginning of a long-term relationship.
Matt Harris, Asset Intelligence Sr. Vice President of Sales, stated: "This is a big win for Asset Intelligence and I.D. Systems, and continues to validate the value that our intermodal container solution delivers to our customers. Building on our other recent wins in this market, we couldn't be happier that this very large new customer selected our solution after their evaluation and due diligence of other competitive products.
"We believe VERIWISE is the best offering in the intermodal container market, and our growing customer list of industry leaders is further validation of our technology leadership," continued Harris.
The new customer chose the VERIWISE solution based on the system's superior hardware design which includes low-profile and secure mounting inside the corrugation of containers, protecting the device from damage. In addition, both load and light sensors are fully integrated and do not require any cabling inside the container. The customer also preferred the VERIWISE IQ™ Analytics platform which drives additional value by providing comprehensive fleet visibility of key performance indicators.