CybIT Holdings PLC is a United Kingdom-based company engaged in the provision of telematics services. The Company delivers a range of wireless solutions for the management and monitoring of remote assets. The systems utilize global system for mobile communications (GSM) and global positioning system (GPS) technology. The Company has more than 800 corporate customers, and its systems cover more than 20,000 fixed and mobile assets. It operates an Internet-based open platform for its customers, which allows users secure access to their company's information. The CybIT platform supports the integration of a range of telematics hardware and software components utilizing wireless communications mediums. On June 14, 2006, the Company acquired the entire issued share capital of Bluefinger Limited. |