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Trimble to Acquire Eleven Technology for Mobile Workforce Management
Eleven Technology's solution automates the sale and delivery of high-volume consumer products such as baked goods, beverages, dairy, frozen foods and snacks to retail stores. It provides real-time information to mobile field workers via handheld mobile computing devices to improve customer service levels, on-time deliveries and accurate invoicing.
Eleven Technology has a complete solution suite for the CPG industry including applications for sales representatives, delivery drivers, merchandisers, field service technicians and supervisors. The solution includes mobile hardware and software that seamlessly integrates with a supplier's existing enterprise resource planning (ERP) software system. Eleven Technology's successful entry into the market is a result of their leading mobile workforce software development platform which is based on Microsoft .Net. .Net is Microsoft's latest software technology for developing enterprise class applications for mobile devices including integration to other systems via XML Web services.
"Large enterprise customers have already begun to specify .NET as their next generation mobile workforce software platform. Elevens proven technical capability has allowed us to be successful with many of the worlds leading consumer packaged goods companies," said Tim Curran, CEO of Eleven Technology."We are very pleased to join Trimble and look forward to bringing broader and deeper mobile workforce management solutions to our market."
Eleven Technology will be reported within Trimble's Mobile Solutions business segment.
About Eleven Technology
Eleven Technology is a leading provider of next generation handheld software for the CPG industry. Eleven's software applications go beyond the simple automation of paper-based forms typical of the current generation of handheld software in the CPG industry. Instead of simply recording results, Eleven's software helps to influence outcomes during store visits to drive revenue and productivity growth. Many leading CPG companies, including Pepsi and Procter & Gamble, currently deploy Eleven's solutions. Eleven's solutions increase speed-to-shelf for new product introductions, ensure retail execution and trade promotion compliance, and drive reductions in out-of-stock and distribution void conditions at the shelf. Typical users of Eleven's handheld software include sales, delivery, routesales, merchandising, and retail execution representatives.
For more information, visit the Company at www.11.com.
Trimble is a leading innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies as well as wireless communications and software to create complete customer solutions. Trimble's worldwide presence and unique capabilities position the Company for growth in emerging applications including surveying, agriculture, machine guidance, fleet and asset management, wireless platforms, and telecommunications infrastructure. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has more than 2,400 employees in more than 18 countries worldwide.
Certain statements made in this news release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that include risks and uncertainties such as the satisfaction of the conditions to closing and the expected financial performance of Eleven Technology, as well as Trimble's ability to offer integrated solutions in the future. Additional risks and uncertainties include the risks inherent in acquiring and integrating a company, unanticipated expenditures and changing relationships with customers. Among other things, economic trends and additional competitive issues may have an adverse effect on the success of the proposed acquisition. These and other risks are detailed from time to time in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. The consummation of the acquisition is subject to certain closing conditions and may not be consummated on the terms proposed or at all.Investor Relations Contact: Willa McManmon of Trimble: 408-481-7838
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808