Despite Global Recession, GEOTrac Receives National Recognition for
CALGARY, June 15, 2011 /CNW/ - GEOTrac System Inc., a Calgary-based, wireless fleet management provider, announced today,
that despite the global economic recession, the company has reported a
1,294 percent increase in revenue during the past five years. The
company has had to triple the number of employees just to keep pace
with this incredible growth.
In the 23rd annual PROFIT 200 ranking of Canada's Fastest-Growing
Companies by PROFIT Magazine, GEOTrac was ranked 38 in a long list of
"We knew that if we remain committed to our customers' satisfaction and
grew our team responsibly, we would weather the economic storm that has
raged within our industry during the past several years," says Tim
Hodge, CEO for GEOTrac. "Unlike many of our competitors that needed to
downsize, GEOTrac actually grew significantly."
Mr. Hodge went on to say that GEOTrac's success is largely attributed to
staying core to their business of fleet management and lone worker
safety solutions to the oil and gas industry. While many companies
within the space try to be all things to all people, GEOTrac remains
committed to oil and gas.
"A watered down offering to multiple verticals doesn't help anyone,"
says Hodge. "Our growth comes from drilling deeper into the oil and gas
industry and expanding our geography."
GEOTrac has been a partner with the oil and gas industry since 2003.
While the industry leads the world in drilling and exploration
technologies, it was lagging in the remote worker safety and fleet
optimization. GEOTrac began detailing private oil and gas lease roads
throughout the Western Canadian Sedimentary Basin (WCSB). As new roads
were constructed by large oil and gas producers, GEOTrac placed data
loggers on these vehicles to capture GPS coordinates. These coordinates
were used to build the most comprehensive oil and gas road maps in the
Today, as the largest fleet management provider for the Canadian oil and
gas industry, GEOTrac feeds GPS coordinates from thousands of vehicles
every day. Every time a customer logs into our web-based application,
they get the latest map detail as provided by current activity in the
"What makes GEOTrac truly unique is the unrivalled detail of the private
lease roads," says Hodge.
Another huge driver for GEOTrac's success is the reliability of its
Lifeline Services for remote workers in the field. Mandated by law to
provide lone worker protection in the field, oil and gas producers are
asking their service companies to comply to very strict safety policies
that include services like GEOTrac.
"GEOTrac has several tiers of safety solutions that are critical to lone
worker safety," says Hodge. "We protect workers using a personal safety
monitor, an out-of-truck timer solution, one-touch distress button or
active monitoring using geofences."
GEOTrac has partnered with a world-class monitoring call centre
providing 24 hours/day coverage, 365 days of the year. Customers can
link existing emergency response plans (ERP) to GEOTrac's services for
a dependable end-to-end solution.
While many economic analysts are predicting a second wave of the
recessionary tsunami to hit global shores later this year, GEOTrac has
a proven track record that it can baton down the hatches, keep the wind
at our backs and stay on course.
Tim Hodge, CEO of GEOTrac Systems Inc. will be in Toronto on Wednesday,
June 15th in front of an audience of business leaders and national media to
accept an award recognizing the company for this latest achievement.
GEOTrac is honored to accept this award. We believe that customer
satisfaction is a true gauge of our success and remain committed to
About GEOTrac Systems Inc.: GEOTrac Systems Inc. is a privately held company providing fleet
management and lone worker safety solutions for the oil and gas
industry. Focused on this very important vertical, GEOTrac is able to
provide custom solutions relevant to the needs of field operations.
GEOTrac works with many of the top oil and gas producers and service
companies in Canada and the U.S. Since 2003, GEOTrac has been providing
GIS mapping, web-based software and rugged hardware for the harsh
climate in the oil and gas industry. Visit www.geotracinternational.com for details on their latest products and services.
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SOURCE GEOTrac International Inc.
For further information:
For media inquiries please contact:
CEO, GEOTrac Systems Inc.