I.D. Systems, Inc. develops, markets and sells wireless solutions for managing and securing enterprise assets. These assets include industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Companyï¿½s systems, which utilize wireless technology, address the needs of organizations to control, track, monitor and analyze their assets. Its solutions consist of hardware and software, as well as maintenance, support and consulting services. On October 19, 2009, the Company acquired Didbox Ltd., a manufacturer and marketer of vehicle operator identification systems based in the United Kingdom. On January 7, 2010, the Company entered into a membership interest purchase agreement with General Electric Capital Corporation (GECC) and GE Asset Intelligence, LLC (GEAI), pursuant to which the Company acquired GEAIï¿½s telematics business through the purchase of 100% of the membership interests of Asset Intelligence, LLC (AI), a wholly owned subsidiary of GEAI.
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