Based in Coventry, Trace works with fleet operators across the UK, including plant hire and haulage companies, local authorities and the emergency services, offering a fleet, garage, workshop and asset management system that can be used to manage assets from cars and vans to even computer monitors.
The deal will see Trace’s asset and stock management capabilities integrated into BigChange’s JobWatch platform while the firm’s founder, Bill Davies, will work as an advisor to BigChange.
Davies said: “Having built a business over 30 years we see the sale of Trace Systems to BigChange as the next chapter in our development. It will allow us to transform our fleet, garage and workshop software to take full advantage of the latest cloud and mobile technology pioneered by BigChange. This will provide fantastic opportunities for our existing and future customers.”
In addition, BigChange has acquired Labyrinth Logistics Consulting, a supply chain and logistics consultancy based in Royal Leamington Spa. Under the deal, Labyrinth directors Ruth Waring and Jo Godsmark join BigChange’s leadership team and spearhead a new consulting arm called BigChange Advisory Plus.
Martin Port, founder and CEO of BigChange said: “These businesses are the first that BigChange has acquired since it was launched in 2013 and provide us with more fantastic people, world-class technology, amazing new customers and multi-million revenue boost. They represent a significant milestone for our business and a major boost to our scale-up plans.”