New Texada CEO Announces Strategic Acquisition of LogiMove
LogiMove adds extensive mobile workflow capabilities to the Texada rental management platform enabling powerful applications including automated equipment inspection.
Rental industry software platform, Texada, recently announced the acquisition of LogiMove CheckMobile Global (“LogiMove”). LogiMove is known for its next-generation mobile no-code/low-code applications for operations and field services in the equipment industry. With this acquisition, Texada adds a powerful new component to its platform which integrates equipment dealers’ and rental companies’ back offices with both their service and maintenance operations, and with their sales and e-commerce.
LogiMove, based in Reno, Nevada, and Hamburg, Germany, is a no-code/low-code application for digitizing and optimizing field operations for heavy equipment dealers and rental companies. LogiMove’s tools are used by industry-leading companies to create fully-customizable process solutions that automate field tasks, like inspections, without the need for complex coding.
“This is an extremely exciting time for Texada. The addition of the LogiMove solution to Texada’s platform enables us to provide an entirely new set of integrated field solutions helping our customers automate otherwise very time-consuming tasks,” said Matt Harris, Texada CEO. Harris added, “Importantly, LogiMove is a proven product being used innovatively by some of the world’s largest rental companies. Adding LogiMove to Texada will be a game changer for our customers and for the equipment rental and dealer market in general.”
“The heavy equipment rental and dealer markets are ripe for innovation since much of the software in use today dates back to the ‘80s and ‘90s, with cumbersome processes and poor customer experience. The Texada platform and broad customer base combined with LogiMove’s mobile-first customer-centric applications make this the most exciting offering in the industry. I am thrilled to have the opportunity to be part of creating this future,” said Philipp Weirauch, founder of LogiMove.
The Texada platform provides customers with a complete solution for managing equipment rental businesses and equipment assets themselves. Texada solutions integrate an equipment rental company’s back office with its field operations, customer acquisition, and payments, enabling rental companies to have end-to-end control and visibility into their business. LogiMove brings new integrated capabilities enabling powerful field applications such as AI-driven automated pre- and post-rental equipment inspections which demonstrably improve customers’ inspection accuracy and recovery of damage charges.
“There is a large need in the equipment dealer and rental markets for easy-to-use, modern, cloud-based software and we’re excited to acquire such a complementary platform as well as the talented LogiMove team to build a market leader,” said Hugh Kirkpatrick, Vice President at Banneker. “We know an integrated low-code/no-code solution will add tremendous value for our customers and we look forward to investing in a shared vision to digitize and transform the equipment industry.”
The acquisition is effective immediately. More information about Texada’s acquisition of LogiMove can be found at texadasoftware.com.
New CEO, Matt Harris joins from Trimble
Texada announced the appointment of technology executive Matt Harris as Chief Executive Officer. Matt brings an impressive track record for launching disruptive new technologies and driving sustainable revenue growth for a variety of software and technology companies.
Matt takes the reins from Nabil Kassam, Founder of Texada Software, who commented, “Our mission has always been to make work easy and instant, through our platform that increases the capabilities and productivity of businesses who rent, sell, manage or service equipment assets. I’m excited to welcome Matt as CEO, and I look forward to supporting Matt and the entire Texada team going forward as we deliver more value to our customers and to the equipment industry.”Matt joins Texada from Viewpoint, a division of Trimble, where he was the President and General Manager.
Viewpoint provides an industry-leading SaaS platform for construction companies that connects a contractor’s projects and job sites with their back office. Matt was with Viewpoint for over 11 years and served roles in strategy, sales, and product as they grew nearly twenty fold into a construction industry software platform leader. Prior to Viewpoint, Matt has held leadership roles with FEI Company, Netscape and General Electric among others.
“Matt’s extensive experience with growing and leading an enterprise SaaS business at scale in the construction software space, coupled with a long track record with many successful technology businesses, give him a unique vision and leadership skills to help grow the business with the Texada team,” said Matt McDonald, Partner at Banneker. Harjot Sachdeva, Operating Partner at Banneker Partners added, “Matt’s experience, vision, and deep market expertise make him the ideal choice to lead Texada in creating the next generation of software solutions for equipment dealers and rental companies. As the company announces new offerings and new partners, Matt’s demonstrated proficiency at launching products and delivering value to customers will be vital for the company’s next phase of growth.”
“With Banneker, Texada is ideally situated to build on its legacy and leadership in heavy equipment rental software markets. The strength of its customer base, its product portfolio, and its organization all provide meaningful pillars from which the Texada platform can expand,” said Matt Harris. “The industry is urgently looking for transformative solutions which integrate their businesses with their customers and their operations. Texada will focus on further developing its integrated platform to meet these critical needs.”
Matt’s appointment comes on the heels of Banneker Partners’ growth investment in Texada on June 30, 2022. Texada is a leading provider of cloud-based ERP and rental management software for managing dealer and rental operations throughout the equipment lifecycle. The cloud-based Systematic Rental Management (Texada SRM) platform is trusted by equipment rental companies, equipment dealerships, construction companies, contractors, and operators around the world to manage their equipment rental businesses. Banneker’s software expertise and deep capital will enable Texada to pursue a strategy focused on delivering exceptional customer value and innovation by investing in sales, marketing, product development, professional services and customer support, as well as strategic acquisitions.