MSD Telematics, a Gurugram-based telematics solutions firm, has acquired Heuristics Info Systems in an all-cash deal.

Commenting on the acquisition, Ashmeet Singh, founder of MSD Telematics, said: “This investment will fuel our ability to deliver greater value to customers by enabling us to offer complete bouquet of services. We are excited to have the Heuristics team join us in this exciting journey. Together we look forward to grow multi-fold in the next few years. Heuristics gives us the ability to now service international clientele with innovative and robust software solutions. With the tremendous growth in Transport Tech and Logistics Tech space, telematics as an industry will see fabulous growth in the years to come,” Singh added.

Siddharth, investor at MSD Telematics, said, “It is time we function as business intelligence partners for the customers, helping them drive operational efficiency while reducing costs and risk. Telematics companies need to create unique positioning products that help customers grow their business.  We need to educate customers about numerous applications of telematics and collaborate towards increasing penetration in the domain for a sustainable growth and benefit of all the stakeholders.”

Heuristics, founded in 2008 by Amit Dubey and Pradeep Rai, develops vehicle tracking system and mobile application software and also cost effective quality solutions to various industry segments. Following the acquisition, Amit Dubey, founder partner of Heuristics Info Systems, would be joining MSD Telematics as a board advisor.