Ceridian Corporation (NYSE: CEN) announced today that it has completed the acquisition of International Automated Energy Systems, Inc. (IAES), a Naples, Fla., fleet management company providing services that enable businesses to pay for fuel for their commercial vehicles, and control and manage their ongoing fleet expenses. In February 1996, Ceridian purchased a 19.9 percent interest in IAES; now it owns 100 percent of the fleet management company. Terms were not disclosed.
IAES had been a member of the Barron Collier Companies, a family owned organization with interests in real estate and development, agriculture, and oil and gas exploration. Through an alliance with VISA, IAES provides the only fleet card operating in the market that has the national brand recognition and universal acceptance of a major purchasing card. Its revenue in 1996 totaled approximately $1.9 million.
Ceridian’s Comdata subsidiary is a leading provider of fueling services for the long-haul trucking market and its Comchek(R) card is the primary fuel card used at the 8,000 truck stops where most fuel for over-the-road trucking is sold. IAES’s VISA(R) Fleet card is a complementary product that enables light and medium-duty fleets that are primarily operating in local markets to provide authorized drivers with the convenience of obtaining fuel at over 190,000 convenience stores and service stations where retail VISA cards are accepted.
Like the Comchek card, the VISA Fleet card captures transaction data, including vehicle odometer readings and the driver’s Personal Identification Number (PIN), as well as the merchant name, location and transaction amount. The information is provided to the customer in a detailed monthly report, and controls may be placed on individual cards within each account to restrict transactions according to the wishes of each fleet customer.
“The local fueling market is a strategic and important extension of Comdata’s business,” said Tony Holcombe, president and chief executive officer of Comdata. “IAES’s VISA Fleet card is an excellent point of entry into a market which, measured in terms of fueling transactions, exceeds Comdata’s traditional long-haul base. IAES’s local fuel management product is the only active product in the market that has the combined benefits of broad merchant acceptance, cashier recognition and the ability to capitalize on a general purpose business card while fulfilling the control and data-gathering requirements for fuel purchases.”
“This is a very exciting time for IAES, since we feel that Comdata’s strong market position in the long-haul segment is the perfect complement to IAES’s focus on the local fueling market,” said C.J. Hueston, president of IAES. “Our goal has always been to focus on a single-source solution for the fleet market. To be the best provider, an organization must address all market needs, not develop one at the expense of the other. We believe our current and future customers will benefit from the addition of new products and services that this exciting relationship will bring,” she said.
Comdata [(http://www.comdata.com)] provides funds transfer, fuel purchase, cash advance, and permit services, as well as fuel optimization and routing software, for the trucking industry; point-of-sale and data collection services for the truck stop industry; cash advance, cash access, and database marketing services for the gaming industry; and long-distance telecommunications services for the transportation and gaming industries.
Comdata is part of Ceridian Corporation [(http://www.ceridian.com)], a leading information services and defense electronics company that serves the human resources, electronic media, transportation, gaming and government markets. Its information services segment includes Comdata; a group of human resources businesses, including Ceridian Employer Services, a leading payroll processor; and several marketing information businesses, including the Arbitron Company. Its defense business is Computing Devices International.
IAES Fact Sheet
Description IAES is a fleet management company that provides a
fleet management system to the local fueling market
for fuel and other vehicle-related purchases and
IAES administers this system through two products:
the VISA(R) Fleet card — an alliance with VISA — and
the proprietary IAES card. IAES has an established
distribution network of over 190,000 convenience
stores and service stations.
Customers IAES serves more than 4,000 local fleets across North
America, including corporate, commercial,
government and utility trucks and cars.
IAES has processing agreements with major oil
companies, including Amoco, Exxon, Shell, BP, Citgo,
Revenue Approximately $1.9 million in 1996.
and Locations 48 employees work at the company’s headquarters
in Naples, Fla., and at a second location in Orlando.
Year of Origin IAES was founded in 1979.
Ceridian Corporation is an information services and defense electronics company that helps customers improve their productivity and competitive position.
Information Services for the Transportation and Gaming Industries
Comdata provides funds transfer, fuel purchase, cash advance and permit services, as well as fleet optimization and routing software, for the transportation industry, and funds transfer and other services for the gaming industry.
Information Services for the Human Resources Market
Ceridian Employer Services provides human resources management systems, outsourced payroll and tax filing services, self-service workflow solutions, and in-house payroll and benefits software.
Centre-file provides payroll and human resources products and services to customers in the UK.
MiniData provides payroll and related services to small businesses in the U.S.
Resumix provides advanced human skills management software and services that enable customers to electronically process resumes, build employee and applicant databases, and identify qualified candidates for hire, promotion and reassignment.
FLX Corporation is a leading developer of high-performance software for human resources, recruiting and benefits management.
Usertech helps companies implement new business systems by providing comprehensive user support programs; it also provides expert systems that enable employers to address employee and retiree questions about benefits, payroll, and human resources policies and programs.
Ceridian Performance Partners provides a broad array of work-life, employee assistance, wellness, training, and management services.
EAS Technologies provides advanced time, attendance and workforce management solutions.
Washington Consulting Services & Technologies is a provider of human resources software applications, consulting and seminar services, primarily to the government market.
Information Services for the Electronic Media Industry
Arbitron is a media information firm that provides ratings and other services to broadcasters, cable systems, advertisers and agencies.
Computing Devices International provides mission-critical electronics, software, systems integration and information management for defense, government agencies and commercial customers in selected markets.