TechTaffy

tech:

taffy

Trimble acquires Iowa-based Innovative Software Engineering

By TechTaffy Desk

Trimble has acquired privately-held Innovative Software Engineering (ISE), an engineering and systems integration firm that deliversend-to-end Internet of Things (IoT) and telematics solutions, enterprise mobility applications, and software solutions. Financial terms were not disclosed.

The acquisition expands Trimble’s fleet safety and compliance solutions and allows Trimble to offer electronic logs as a service, said the company in a statement. ISE’s business will be reported as part of Trimble’s Transportation Segment.

Trimble serves multiple industries that require compliance with the upcoming Electronic Logging Device (ELD) mandate, including customers in transportation and other industries. The mandate, which requires certain fleets to electronically log hours of service (HOS) data, will go into effect in December 2017. According to the Federal Motor Carrier Safety Administration (FMCSA), the ELD mandate is expected to impact 3.4 million drivers across the United States.1

ISE is headquartered in Coralville, Iowa. It provides electronic logs as a service to businesses that provide a logging solution, including those in oil and gas transportation, agriculture and construction as well as private and for-hire fleets.

[Image courtesy: ISE]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.