Synovia and Everyday Solutions Merge to Create Synovia Solutions, Next Generation Fleet Management Solutions Powerhouse
Combination joins top providers to create one of the largest electronic fleet management companies focused on helping customers adopt and automate transportation solutions
Indianapolis, IN and Acton, MA, September 24, 2012 — Synovia LLC (“Synovia”) and Everyday Solutions, Inc. (”Everyday Solutions”) announced today a definitive agreement to merge and operate as a new entity called Synovia Solutions. As a result of this merger, Synovia Solutions will offer the most cost-effective, broadest set of GPS-driven solutions to automate school transportation management for K-12 organizations, including school districts that own and manage their own vehicles and independent companies that provide transportation services to school districts. The combined companies currently streamline the operations of approximately 60,000 school buses and school services across North America. Additionally, this merger provides Synovia Solutions with a substantial technology platform to begin servicing additional fleet management customer segments, both municipal and private. The company will be headquartered in Indianapolis, IN.
“The merger is expected to provide synergies in both product development and distribution by leveraging innovations formulated within each company,” says Jon King, CEO of Synovia Solutions (formerly CEO of Synovia). “It is remarkable what these two companies have created independently over the course of the last ten years. By combining products, resources and talent we will provide electronic school transportation management for the K-12 marketplace with a comprehensive set of solutions that is unmatched in the industry.”
Synovia Solutions will leverage the best attributes of each company to create next generation electronic school transportation management solutions. These solutions go beyond simple GPS tracking and inspection to offer:
- Real-time GPS tracking with key performance indicators and tight integration with route planning
- Driver and rider attendance applications
- Pre-and post-trip inspections
- Engine diagnostics
- Bus navigation
- Parent notification systems to reduce the stress of bus stop logistics
These enterprise solutions provide the ability to dramatically reduce operational inefficiencies and enable students to safely travel to and from school. They also enable the entire school population to arrive on schedule, maximize precious school time for learning, and eliminate unnecessary spending.
“This merger accelerates our mission to transform the management of fleet operations for K-12 organizations so that the savings from operations can be applied to student achievement initiatives,” says Don Wallroth, Synovia Solutions’ Chairman (formerly President and CEO of Everyday Solutions). “Synovia Solutions enables school operators to do more with less and extend K-12 transportation budgets by 10-15 percent annually.”
Synovia Solutions intends to grow its business by selling advanced applications to the current combined customers, acquiring new customers and upgrading schools’ legacy systems with limited-capabilities to a broader, more complete set of enterprise solutions. Tremendous engineering resources are being allocated to develop the combined technology platform, which will provide the company with the ability to apply its core capabilities to address the needs of other private and municipal customer segments.
“Synovia Solutions is excited to have financial backing from Fontinalis Partners, a strategic investment firm focused exclusively on technology companies that are redefining next generation mobility,” says King.
“We are very excited about the combination of these powerful technology platforms and about the capabilities of this motivated management team,” notes Bill Ford, a Founding Partner at Fontinalis and the Executive Chairman of Ford Motor Company. Fontinalis, headquartered in Detroit, MI, brings industry expertise to Synovia Solutions with its unique focus on transportation technology.
As a community-minded fleet management partner to school districts, commercial, private and municipal fleets, Synovia moves fleets large and small toward increased efficiency and safety. The Synovia Silverlining™ Software Suite is the industry's most advanced real-time GPS tracking and fleet management system. Synovia has been empowering its clients to make the best fleet management decisions on budget since 2002. Learn more about Synovia at www.synovia.com.
About Everyday Solutions
Founded in 2000, Everyday Solutions empowers school districts/boards throughout the United States and Canada and bus contractors/operators to save money and time, be more accountable, automated and Green all while providing safer transportation. Everyday Solutions innovative solutions are comprised of GPS-driven software, GPS tracking hardware/peripherals, implementation services and project management. Learn more about Everyday Solutions at www.everyday-solutions.com.
About Fontinalis Partners
Fontinalis Partners, with offices in Detroit and Boston, is a leading transportation technology strategic investment firm founded by Bill Ford, Ralph Booth, Mark Schulz, Chris Cheever and Chris Thomas. Fontinalis' mission is to leverage the firm's considerable management experience, market access, strategic relationships, international expertise, and background in transportation innovation to scale companies providing the next generation mobility solutions of tomorrow. Fontinalis Partners invests as a strategic partner across all facets of the world's transportation infrastructure on a stage, structure and size agnostic basis. Fontinalis Partners is not affiliated with Ford Motor Company. Learn more about Fontinalis Partners at www.fontinalispartners.com.