Firestream Worldwide, a leading provider of automation solutions for the downstream and midstream petroleum industry, has acquired CloudFuel Dispatch LLC, an innovative developer of smartphone and tablet apps. The transaction will complement and expand FireStream’s offering for companies distributing fuel on tank wagons/bobtails (metered) & transports (non-metered).
Since 2006, FireStream’s Symbology product has provided the ability to capture metered deliveries on tank wagons. In 2011, the Company rolled out its iPad application, DeliveryStream, for transport trucks. CloudFuel adds the ability to capture metered deliveries on smartphones and tablets by connecting with meters via Bluetooth.
Smartphone adoption is growing faster than any technology in history. A study by Pew Research reveals that over 72% of the US Population uses a smartphone… and in the 18 – 34 age group, the number climbs to 92%. The data overwhelmingly suggests that most people in the US expect to “do business” using smartphone technology. FireStream’s acquisition of CloudFuel represents its growing commitment to smartphone, web and mobile applications.
“The acquisition of CloudFuel complements our overall mission of delivering automated, high value software solutions to jobbers, wholesalers, retailers and lubricant companies. We are excited to integrate CloudFuel’s capabilities into Firestream’s product offerings,” said Glenn Turner, FireStream’s President & CEO. Turner went on to say that “…. Extending the reach of our products, by leveraging smartphone technology, is something that we will continue to focus on for the foreseeable future. We are fortunate to have talented, passionate and experienced team members from CloudFuel join FireStream.