Mopeka Products acquires Sonariot, further expanding its global leadership in Sonar Tank Monitoring solutions and services
Transformational acquisition strengthens Mopeka Products’ dominance by combining best-in-class products, engineering, research, distribution, sales, and marketing into one integrated team of industry professionals.
Mopeka Products®, the global leader in sonar tank monitoring solutions today announced it has signed a definitive agreement to acquire Sonariot®. Together, Mopeka Products and Sonariot, will become known as MopekaIOT®, one of the world’s largest providers of Tank Monitoring solutions, further cementing its leadership as the global leader in Sonar Tank Monitoring Solutions and Services, with more than 500,000 sensors in market globally. With its unique scale and end-to-end coverage from research and engineering to sales, services and marketing, MopekaIOT will offer differentiated capabilities to enterprises and consumers seeking to maximize insight from their tanks. Whether organizations are looking to streamline their supply chain, increase their levels of customer service or simply better understand their tank capacity and utilization, MopekaIOT has a portfolio of solutions for both pressurized and unpressurized tanks to assist.
The acquisition of Sonariot brings to the company a growing channel of distribution, with six key distributor partnerships announced across North America in the last six months, and an extensive sales, services, and marketing arm to strengthen its award-winning and patented Sonar, Mobile and Cloud solutions.
“Our remarkable transformation and rapid growth story continues. We could not be more excited for the next phase of the journey. The combination of Mopeka Products and Sonariot gives our customers and partners the same great team of engineering, marketing, sales, service, and support professionals, whilst extending our ability to further expand at scale to provide even more innovative solutions,” said Jason Peck, Executive Partner & VP, MopekaIOT. “With MopekaIOT you’ll get the accuracy and convenience customers are demanding. Our patented range of Sonar Tank Monitoring solutions harness the power of Sonar, Cloud and Mobile technologies to ensure you can quickly, easily and above all accurately monitor the levels of all your pressurized and non-pressurized tanks in Realtime, Anytime.”
Kevin Jaffe, Partner & COO MopekaIOT, previously CEO Sonariot, commented, “This is an exciting time. Our industry is at a tipping point with outdated solutions that are disconnected and unreliable. As MopekaIOT, we will foster in the change that is needed. We are the leading player in Sonar Tank Monitoring and are uniquely positioned to drive even greater value for customers and partners alike. It’s the same great team with the same great talent all under one roof. This is something both organizations have been working towards for some time, and I want to reinforce to our customers and distribution partners that we will be even better placed to assist them. I look forward to the new challenge and to further expanding growth across all regions and territories with our unparalleled capabilities.”
About Mopeka Products / MopekaIOT
MopekaIOT is the global leader in sonar tank monitoring solutions. Our portfolio of award-winning and patented Sonar, Mobile and Cloud based services and solutions can help all liquid-based firms including Propane, Butane, Water, Anhydrous and other liquid commodities better manage existing volumes and streamline supply chain management. We provide solutions for both pressurized and non-pressurized tanks, ranging from residential 20lb grills and RV tanks, right through to industrial tanks greater than 90,000 gallons. We believe in “Accuracy Above Everything.” Learn more at www.mopeka.com