Sunday, 4 September 2011

BlackBox GPS moves to technology incubator - Austin Business Journal:

http://www.helmitechnologies.com/tech_showcase/technology-showcase-4thpass.html
BlackBox moved from the Las Olas Boulevardc area to the EnterpriseDevelopment Corp. of South Florida’s technology incubatod about amonth ago. The move should help the compan y leverage the expertise of nearbyg business development professionals withtechnologuy experience, President and co-owner Stevejn Muntean said. “We just needed to be in an environmengt that will allow usto grow,” he BlackBox has nine employees in Boca Ratomn and five more in Buenos Aires, The company hopes to have 25 total employees by 2010, Muntean said.
The company makes asset-trackinv hardware and software targeted toward companieswwith five- to 200-vehicle fleets, Muntean Companies can use the software to trackj their vehicles within seconds and produce detailedf reports. BlackBox was formerly a unit of Sunrise-baseed that Muntean and partnerws bought ayear ago, he said. By the end of this Muntean said he expects BlackBox to havenearly $1 million in BlackBox is one of 13 young companiesx currently at the technologty incubator, EDC Executive Director Jane Teaguw said. She welcomed the company’s arrival.
“It’z another good company, and the fact that they’red already generating revenue and have customers is quite remarkable these she said.

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