Today I'm pleased to announce that XBE has acquired Gauge, an integrated hardware and software solution provider that maximizes equipment asset utilization through tracking, maintenance, and analytics.

Strategic Expansion of Capabilities

This acquisition directly addresses a critical need we've observed across our customer base. Your companies have invested substantially in equipment fleets to support heavy construction, bulk logistics, and materials operations. Given our mission to integrate your physical and financial operations, expanding our telematics capabilities is a natural progression for XBE.

With Gauge's Smart Hub, we're adding powerful equipment tracking and maintenance capabilities to our platform. These solutions will enhance your asset availability and utilization - factors we know directly impact your operational efficiency and bottom line.

Immediate Benefits

For XBE customers, this acquisition brings access to Gauge's devices and services, with equipment tracked through Gauge becoming visible in the XBE platform. In the coming months, you'll see significant innovations in equipment telematics, maintenance, and analytics.

For Gauge customers, XBE will maintain the existing Gauge platform long-term, ensuring continued value. Additionally, they’ll gain an upgrade path to XBE's comprehensive operations management platform, which now includes Gauge's capabilities.

About Gauge

Founded in 2009 by Mike Paredes, Gauge has grown to service over 85 customers and has deployed more than 40,000 devices to track equipment location and maintenance. Mike and his team have built an impressive solution that aligns perfectly with our mission.

I'm pleased to share that Mike will continue in a leadership role, reporting directly to me, as we work to integrate our capabilities and maximize the value we deliver to you.

Part of Our Growth Strategy

This acquisition follows our recent announcements of the PriceBee acquisition and the Giant Anchor release, demonstrating our commitment to expanding our solution set. With the support of our private equity partner, Banneker Partners, we're executing a comprehensive strategy to enhance our platform's capabilities.

Next Steps

If you're an XBE customer interested in learning more about Gauge's offerings, please contact your XBE representative.

If you're a Gauge customer with questions about this transition, your Gauge representative remains your primary point of contact.

We're committed to making this integration smooth while maintaining excellent product and service experiences. We look forward to bringing you an even more comprehensive solution to manage your operations.

Thank you for your continued partnership and trust.

Regards,

Sean Devine
Founder & CEO, XBE