Tuesday, December 17, 2019

Geoforce Acquired By LRR Partners

Dallas-based Geoforce, a developer of Internet-of-Things (IoT) equipment used for field asset tracking in the oil and gas market, has been acquired by private equity investor LRR Partners. According to LRR Partners, it has acquired a majority stake in Geoforce, and made a growth capital investment in the business. Financial details of the deal were not announced. Geoforce develops cloud-based software to track assets, using both satellite and cellular-based devices with GPS.