The companies join efforts offering a unique digital toolbox that accelerates improved efficiencies of assets.
Tampa, Florida, USA, September 9, 2021 – SiteVantage, Inc., a software as a service platform (SaaS) providing real-time asset health solutions through connected data, predictive maintenance, and vehicle diagnostics; and Tethr It, a Salem, VA augmented reality SaaS company offering instant visual support and sentiment analysis, announced their merger today combining two industry-leading companies serving target verticals with a comprehensive set of solutions driving efficiency and cost-savings to customers.
The merger creates a first-of-its-kind, comprehensive set of digital solutions combining data from mobile & fixed assets, operational job sites, and both connected & disconnected data streams into a single user interface. It also enhances the offering with the instant ability to connect customers and employees via remote visual support. Using natural language processing (NLP), the combined platform also captures human conversations and processes them through proprietary software that delivers insights and identifies patterns within your product support environment. With common industries served, the merged offering will provide customers with improved response and resolution times, faster handle times, one call fixes, decreased down-time, and productivity gains.
Shawn Bonnington and Sam Hampton will serve as co-founders of the new company. Shawn is a start-up veteran, participating in start-ups inside the connected asset, autonomous mobile robotics, & fleet optimization software verticals with over $1B in successful exits. Most recently with Fetch Robotics & Zonar Systems, Shawn will lead revenue operations at SiteVantage.
Early in Sam’s career he was a part of Suncom Wireless helping them through start-up to eventual acquisition by AT&T. Sam’s digital transformation background brings SaaS expertise to the combined companies with his recent build and rapid growth of Tethr It, highlighting another successful product launch. With over twenty years of executive marketing leadership roles in heavy equipment distribution, retail, and telecommunication verticals, Sam will lead strategy & marketing for the newly merged company.
“The merger of our technologies will create a one-of-a-kind solution that provides the market with a 360° view of their operation. Today, the market manages their assets & operations separately via multiple disparate solutions: telematics systems, ERP software, bidding software, on-board diagnostics, & IOT data; we’re changing that. Through this merger we’ll have the ability to provide our customers with a single platform that combines the data used today & transform it into a single source of truth for the operation. We’re excited as a team to offer a solution that provides needed answers to problems created by siloed data sources that will not communicate & work together for customers,” says Shawn.
“We’ve had a blast working with customers solving remote support needs through our augmented reality and sentiment analysis platform. Merging what we are learning from human conversations with product data will broaden our ability to create transformational digital solutions at a faster rate. I’m equally excited about the talent on this team. The collective industry and technical experience will enable us to innovate and scale exponentially.” commented Sam.
The combined company’s product line includes Insight Uptime & Marketplace, a proactive equipment health management tool that enables predictive maintenance analytics for mixed fleets. Vantage Point is a data analytic productivity solution for the quarry, mining, and civil construction, and landfill operations markets. Tethr It Now is an augmented reality platform using instant video calling for remote support of customers and employees. Tethr It Insights captures those conversations and uses NLP to bring forward patterns and insights that prompt positive changes across organizations.
About SiteVantage, Inc.
Founded in 2019, Site Vantage is a SaaS company providing a single integrated platform solution that combines data from multiple sources that previously existed only in siloed offerings. The company’s proprietary software collects telematics, diagnostics, electronic inspection, fluid analysis and aggregated data from machine sensors in one continuous data stream, then analyzes and configures the data to create predictive analytics that increase project productivity, operational efficiency, and equipment & asset up-time, along with generating insights for leadership around margin control & profitability.
About Tethr It
Founded in 2019, Tethr It is an augmented reality SaaS company enabling a real-time, video-calling platform that connects experts with users to troubleshoot technical problems. The platform removes geographical and time barriers from expert support in a wide variety of industries including field service, industrial, heavy equipment, manufacturing, telemedicine and call center applications. With its API structure, it is easily integrated into other software platforms like Salesforce and Genesys. Tethr It’s latest product, Tethr It Insights digitizes and analyzes conversations to identify patterns on a dashboard using natural language processing (NLP) algorithms which allow customers to continuously learn from recorded conversations.