Mergers and Acquistions News
Categories: IT Services & Consulting, Software
August 12th 2009, 16:47PM
Software-as-a-service provider Xora and Gearworks, which provides platforms for location-based mobile business applications, have announced a merger.
The merged company, which will retain the Xora name, claims to be the leader in location-based mobile business applications, serving more than 16,000 customers globally.
As well as having the broadest wireless carrier distribution footprint in the industry, Xora is the leading provider of mobile time clock and data collection solutions for companies offering time and labour management and payroll services.
Jeanine Sterling, a senior industry analyst at Frost & Sullivan, commented: "The Xora-Gearworks merger is exceptionally well-timed to give the company pole position in the burgeoning market for handset-based mobile resource management solutions."
"The new Xora's capabilities are top-tier and should be highly valued by customers of all sizes."
In 2007 Xora introduced IndustrySmart, a feature that automatically customises account settings based on a specific industry, following two year of research by the firm.
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