Gurugram-based MSD Telematics, a telematics solutions startup, has reportedly acquired Noida-based Heuristics Info Systems for an undisclosed amount. This development will help the Gurugram-based company service international clientele with innovative software solutions.
Founded in 2008 by Amit Dubey and Pradeep Rai, Heuristics offers Vehicle Tracking System and Mobile Application software while providing cost-effective quality solutions to various industry segments. As per the deal, Amit Dubey, founder partner of Heuristics Info Systems, will be joining MSD Telematics as a board advisor.
Speaking on the development, Ashmeet Singh, founder of MSD Telematics said, “This investment will fuel our ability to deliver greater value to customers by enabling us to offer a complete bouquet of services. Heuristics gives us the ability to now service international clientele with innovative and robust software solutions.”
As for MSD Telematics, it was founded by two friends Ashmeet Singh and Siddharth Kasana in 2011. The company focusses on telematics integration, GPS-based tracking/remote asset management, mobility solution and all M2M solution-based products. It caters to various industrial verticals like logistics, transportation, schools, public distribution system etc. The telematics solution is offered under the brand name traQmatiX.
MSD Telematics serves corporate and as well as government corporations by offering customised solutions on an OPEX basis and on a turn-key basis. Some of its clients include HPCL, State Election Commissions, State Food Corporations and Excise Departments.