TMT Software, a 26-year-old software company focused on the transportation industry, has been acquired by TMW Systems.
Terms of the deal were not disclosed.
TMW is based in Cleveland and touts itself as the largest provider of enterprise management software for transportation companies.
TMT focuses on fleet maintenance. The company has more than 500 customers.
The combined company will have more than 325 employees.
“TMT Software has been a long-time business partner of TMW Systems, and this combination creates a unique opportunity for both TMT and TMW customers,” said David Wangler, chief executive officer of TMW Systems. “TMT customers will benefit from complementary products and the resources of North America’s largest provider of enterprise software to the transportation industry. TMW customers can look forward to even more robust fleet maintenance solutions. With more than 550 customers, managing 1.1 million pieces of equipment, TMT is a fleet maintenance software market leader in trucking, construction materials, waste, and municipal markets.”
Rick Rosenberg, president of TMT, will serve as general manager of TMW Fleet Maintenance Software.