Pointer Telocation
{{Infobox company
| name = Pointer Telocation Ltd.
| logo =
| caption =
| type = Public
| traded_as = {{NASDAQ was|PNTR}}
| fate = Merged
| predecessor = Nexus Telocation Systems Ltd.
| successor = PowerFleet
| foundation = {{Start date|1991|07|17}}
| founder =
| defunct = {{End date|2019|10|03}}
| location_city = Rosh HaAyin
| location_country = Israel
| area_served =
| key_people = David Mahlab (CEO & Pres.)
| industry =
| products =
| services =
| revenue = {{Increase}} US$ 73.86 million (2010)
| operating_income = {{Increase}} US$ 6.64 million (2010)
| net_income = {{Increase}} US$ 1.13 million (2010)
| assets =
| equity =
| owner =
| num_employees =
| parent = DBSI Investments Ltd.
| divisions =
| subsid = Shagrir Systems Ltd.
| homepage = {{URL|www.pointer.com}}
| footnotes = {{cite web|title=PNTR Income Statement|url=https://finance.yahoo.com/q/is?s=PNTR+Income+Statement&annual|work=Yahoo! Finance|access-date=13 November 2011|year=2011}}
}}
Pointer Telocation was a publicly traded company, headquartered in Israel, that developed automatic vehicle location systems and provided roadside automotive service. Its shares were traded on the NASDAQ Capital Market and were listed on the Tel Aviv Stock Exchange until 2012, and then again starting in April 2016. In October 2019, the company merged with I.D. Systems, Inc., to form PowerFleet.{{cite press release |url=https://www.prnewswire.com/news-releases/pointer-telocation-closes-acquisition-by-id-systems-300930531.html |title=Pointer Telocation Closes Acquisition by I.D. Systems |agency=PR Newswire |date=October 3, 2019}}
Operations
Pointer Telocation provided two different motor vehicle-related services: RF- and GPS/GPRS-based automatic vehicle location systems and command-and-control systems for fleet management and stolen vehicle recovery, and, through its Shagrir subsidiary, roadside assistance to motorists.{{cite news|last=Miller|first=Zack|title=Green Road raised almost $20m — where's Pointer Telocation (PNTR)?|url=http://finance.boston.com/boston/news/read/6122754/green_road_raised_almost_$20m_%E2%80%94_where%E2%80%99s_pointer_telocation_|access-date=13 November 2011|newspaper=Boston Globe|date=27 July 2008|agency=Israel Opportunity Investor}}
Corporate history
Pointer was originally the name of a product developed by Nexus Telecommunications Systems Ltd. and marketed by Eden Telecom Ltd., beginning in 1999 with Eden's founding. The product's name was inspired by the Pointer dog breed. At the time of its establishment Eden was a joint venture of four Israeli investors: Motorola, Nexus, Poalim Investments, and Clal. In 1997 Nexus Telecommunications Systems changed its name to Nexus Telocation Systems Ltd. In 2002 Eden changed its name to Pointer. In 2004 Nexus Telocation Systems acquired Pointer and in 2006 changed its name to Pointer Telocation Ltd.{{cite news|title=Motorola, Clal, Nexus, Poalim Investments to Set Up Car Tracking Company|url=http://www.globes.co.il/serveen/globes/docview.asp?did=365689|access-date=13 November 2011|newspaper=Globes|date=25 March 1999}}{{cite news|last=de la Fuente|first=Susan|title=Keeping track of your vehicle with Israel's Pointer|url=http://www.israel21c.org/technology/keeping-track-of-your-vehicle-with-israels-pointer|access-date=13 November 2011|newspaper=Israel21c|date=13 April 2009|quote=Named after a species of tracking dog, the 10-year-old company has developed a range of high-tech security solutions that use sophisticated wireless communications technology, for vehicles on the move.}}{{cite news|title=Nexus Telocation Systems Ltd. Announces Closing of Agreement for Purchase of All Outstanding Shares of Pointer (Eden Telecom Group) Ltd.|url=http://www.ivc-online.com/ivcWeeklyItem.asp?articleID=1878|access-date=13 November 2011|newspaper=IVC Research Center|date=27 June 2004|agency=PR Newswire|archive-url=https://archive.today/20070810083415/http://www.ivc-online.com/ivcWeeklyItem.asp?articleID=1878|archive-date=10 August 2007|url-status=dead}}{{cite news|script-title=he:עדן טלקום משנה את שמה לפוינטר ומשקיעה 100 אלף דולר במיתוג דרך משרד הפרסום הוס סמואל|url=http://www.themarker.com/advertising/1.137312|access-date=13 November 2011|newspaper=TheMarker|date=25 July 2002|language=Hebrew|trans-title=Eden Telecom changes name to Pointer and invests $100,000 in branding via Huss Samuel advertising agency|quote=חברת עדן טלקום הודיעה על שינוי שמה לפוינטר (מבית עדן טלקום) במסגרת מיתוג מחדש.}}{{cite news|script-title=he:אולי שינוי השם יצליח לשנות את הקארמה: נקסוס הופכת לפוינטר טלוקיישן|url=http://www.globes.co.il/news/article.aspx?did=1000063591|access-date=13 November 2011|newspaper=Globes|date=20 February 2006|language=Hebrew|trans-title=Perhaps a change of name will effect a change in karma: Nexus changes to Pointer Telocation|quote=אולי זה מה שהוביל את נקסוס לנסות לפתוח דף חדש, ולהודיע אתמול על שינוי שם החברה ל'פוינטר טלוקיישן'.| last1=חביב | first1=שירי }}{{cite web|title=Pointer Telocation Ltd: Information on the Company|url=http://sec.edgar-online.com/pointer-telocation-ltd/20-f-annual-and-transition-report-foreign-private-issuer/2011/03/30/section6.aspx|publisher=EDGAR Online|access-date=13 November 2011|page=29|date=30 March 2011}}
Shaul Elovitch's Eurocom Group began accumulating shares of Pointer in August 2008, acquiring 9.03% of the company.{{cite web|title=Review: mobile spy|url=https://best-mobile-spy.com/mspy-reviews/|access-date=20 June 2017}}{{cite news|last=Zalik|first=Nir|script-title=he:יורוקום של שאול אלוביץ' הופכת לבעלת עניין בפוינטר - קנתה כ-429 אלף מניות ומחזיקה ב-9.03% מהחברה|url=http://www.themarker.com/wallstreet/1.423702|access-date=13 November 2011|newspaper=TheMarker|date=5 August 2008|language=Hebrew|trans-title=Shaul Elovitch's Eurocom becomes interested shareholder in Pointer – acquired some 429,000 shares and holds 9.03% of the company|quote=חברת יורוקום שבשליטת שאול אלוביץ' הודיעה לרשות ניירות ערך האמריקאית כי היא הפכה לבעלת עניין בחברת פוינטר טלוקיישן, המתמחה באספקת שירותי איתור ותיקון לכלי רכב.}} Since December 2008 Eurocom holds 14.66% of Pointer's shares. DBSI Investments controls 37.27% of the company.{{cite web|title=Pointer Telocation Ltd: List of Interested Parties|url=http://www.tase.co.il/TASEEng/General/Company/companyDetails.htm?subDataType=0&companyID=002100&shareID=01082627|publisher=Tel Aviv Stock Exchange|access-date=13 November 2011|year=2011}}
= Management =
Giora Inbar, formerly commander of the Lebanon Liaison Unit of the Israel Defense Forces, was brought on board Eden Telecom as CEO with the company's founding in 1999. He left the position as part of the 2004–2005 deal to merge Shagrir with Pointer. In 2005 Danny Stern was appointed CEO and president of Pointer. He vacated the positions in 2011, whereupon David Mahlab became Pointer's CEO and president.{{cite news|last=Hadas|first=Guy|script-title=he:הכלב של פוינטר לומד טריקים חדשים|url=http://www.themarker.com/hitech/1.53447|access-date=13 November 2011|newspaper=TheMarker|date=18 February 2001|language=Hebrew|trans-title=Pointer's dog learns new tricks|quote=כשבעלי המניות של חברת עדן טלקום גייסו ב-1999 את גיורא ענבר לתפקיד מנכ"ל החברה, הם אולי יותר מכל רצו להשיג את כישוריו הקרביים. ענבר סיים את שירותו הצבאי כמפקד יק"ל, בדרגת תת אלוף זמן קצר לפני הצטרפותו לחברה.}}{{cite news|title=Nexus Telocation Systems Ltd. Announces CEO Departure|url=http://www.theautochannel.com/news/2005/05/15/079164.html|access-date=13 November 2011|newspaper=The Auto Channel|date=15 May 2005|agency=PR Newswire|location=Givatayim, Israel}}{{cite news|title=Pointer Telocation CEO Danny Stern To Step Down, Names David Mahlab Successor|url=http://www.rttnews.com/ArticleView.aspx?Id=1526844|access-date=13 November 2011|newspaper=RTT News|date=13 January 2011}}
= Acquisitions =
See also
References
{{Reflist|2}}
{{Eurocom Group}}
{{Israel NASDAQ}}
Category:Companies listed on the Tel Aviv Stock Exchange
Category:Companies formerly listed on the Nasdaq
Category:Technology companies established in 1991