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IDSY on NASDAQ

I.D. Systems

Logo: Greenooo, CC BY-SA 3.0, via Wikimedia Commons5

American communication equipment company

Powerfleet, Inc. (formerly I.D. Systems, Inc.) is an American company headquartered in Woodcliff Lake, New Jersey, that operates as a global provider of IoT and M2M solutions for securing, controlling, and tracking high-value enterprise assets. The company is a provider in the international telematics industry, providing fleet management, asset tracking, freight visibility, and driver behavior monitoring for industrial trucks, vehicle fleets, and shipping containers.3 Its shares trade on NASDAQ under the symbol IDSY.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

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  • TickerIDSY on NASDAQ1
  • IndustryCommunications Equipment, NEC1
  • HeadquartersWoodcliff Lake1
  • Websitewww.powerfleet.com
  • Incorporated inDE6
  • Business address123 Tice Boulevard, Woodcliff Lake, Nj 076776
  • Legal formCorporation (For-Profit)4
  • LEI549300O6Y4H3KISFM1074
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O Jack Andree, 49441 Norton Shores, United States4
  • Registered withCorporations Division (Department of Licensing and Regulatory Affairs), 8002714694

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Powerfleet, Inc. (formerly I.D. Systems, Inc.) is an American company headquartered in Woodcliff Lake, New Jersey, that operates as a global provider of IoT and M2M solutions for securing, controlling, and tracking high-value enterprise assets. The company is a provider in the international telematics industry, providing fleet management, asset tracking, freight visibility, and driver behavior monitoring for industrial trucks, vehicle fleets, and shipping containers.3

Corporate structure

I.D. Systems is part of a group headed by PowerFleet. 56 entities, 25 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • PowerFleet Woodcliff Lake, New Jersey
    • I.D. Systems Norton Shores, Michigan, United States
    • 1001020321 Ontario Inc. Subsidiary · Ontario, Canada
    • Centro de Solunciones Inalambricas S.A. de C.V. Subsidiary · Mexico
    • Complete Innovations AE Subsidiary · Greece
    • Complete Innovations Corp. Subsidiary · Delaware, United States
    • Complete Innovations Holdings Inc. Subsidiary · Ontario, Canada
    • Complete Innovations USA, Inc. Subsidiary · Delaware, United States
    • Fleet Complete Australia Pty Ltd Subsidiary · Australia
    • Fleet Complete Belgium BVBA Subsidiary · Belgium
    • Fleet Complete Cooperatief U.A. Subsidiary · Netherlands
    • Fleet Complete Danmark ApS Subsidiary · Denmark
    • Fleet Complete Eesti OU Subsidiary · Estonia
    • Fleet Complete Germany GmbH Subsidiary · Germany
    • Fleet Complete Holdings (AUS) Pty Limited Subsidiary · Australia
    • Fleet Complete Latvija SIA Subsidiary · Latvia
    • Fleet Complete Lietuva UAB Subsidiary · Lithuania
    • Fleet Complete Netherlands BV Subsidiary · Netherlands
    • Fleet Complete Nordics OU Subsidiary · Estonia
    • Fleet Complete Norge AS Subsidiary · Norway
    • Fleet Complete S. de R.L. de C.V. Subsidiary · Mexico
    • Fleet Complete Sverige AB Subsidiary · Sweden
    • Golden Eagle Canada Holdings Inc. Subsidiary · Ontario, Canada
    • Golden Eagle Holdings Inc. Subsidiary · Delaware, United States
    • Immersive Client Experience Pty Ltd Subsidiary · South Africa
    • IT Mobile Spain, S.L. Subsidiary · Spain
    • and 30 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What I.D. Systems reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$10.1M8 Dec 31, 2018$9.9M8 Dec 31, 2017+2.4%
Accumulated depreciation$7.7M8 Dec 31, 2018$7.1M8 Dec 31, 2017+7.6%
Property and equipment, net$2.1M8 Dec 31, 2018$2.7M8 Dec 31, 2017−21.8%
Operating-lease assets (leased space)$2.8M8 Dec 31, 2018

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.2M8 Dec 31, 2018$5.1M8 Dec 31, 2017+99.3%
Debt securities available for sale$4.5M8 Dec 31, 2018$11.5M9 Dec 31, 2017−60.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$7.3M8 Dec 31, 2018$7.3M8 Dec 31, 20170%
Intangible assets, net (excluding goodwill)$4.7M8 Dec 31, 2018$5.4M8 Dec 31, 2017−13.1%
Indefinite-lived intangibles (excluding goodwill)$165.0K8 Dec 31, 2018$165.0K8 Dec 31, 20170%
Finite-lived intangibles, gross$6.6M8 Dec 31, 2018$6.6M8 Dec 31, 20170%
Accumulated amortization$2.0M8 Dec 31, 2018$1.3M8 Dec 31, 2017+53.8%
Finite-lived intangibles, net$4.5M8 Dec 31, 2018$5.3M8 Dec 31, 2017−13.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.6M8 Dec 31, 2018$4.6M8 Dec 31, 2017+1.4%
Raw materials$2.2M8 Dec 31, 2018$1.1M8 Dec 31, 2017+104.8%
Finished goods$2.4M8 Dec 31, 2018$3.5M8 Dec 31, 2017−30.6%

The story

I.D. Systems was founded in 1993 by Kenneth S. Ehrman. The company introduced the use of radio frequency identification (RFID) technology for industrial asset tracking and management. In 1995, I.D. Systems was awarded a $6.6 million contract from U.S. Postal Service (USPS) to develop and implement a tracking system for test letters and packages. I.D. Systems went public on the NASDAQ in 1999.

In 2005, I.D. Systems received a three-year contract from the U.S. Postal Service to implement its Wireless Asset Net, a wireless industrial vehicle management system, at 460 USPS facilities nationwide. In 2009, I.D. Systems acquired didBOX Ltd., a privately held, United Kingdom-based manufacturer and marketer of driver identification systems for forklift fleets. The acquisition made didBOX a wholly owned subsidiary of I.D. Systems, broadened I.D. Systems' product line, and expanded sales of the company's vehicle management solutions in the European market.

In 2010, I.D. Systems acquired GE Asset Intelligence, LLC, a business unit of the General Electric Company. The acquisition expanded the scope of I.D. Systems' product line and complemented its portfolio of wireless asset management patents.

In 2011, I.D. Systems and Avis Budget Group signed an exclusive agreement to deploy I.D. Systems' wireless vehicle management technology on more than 25,000 Avis Budget vehicles, enabling Avis customers to self-manage their rentals by computer or smartphone. The technology can also automate and expedite the rental and return process, track vehicle mileage, measure fuel consumption, and remotely control a vehicle's door locks. In February 2013, the company was awarded its second patent (patent number 8370268) for an automated wireless rental car management system.

In 2012, the company launched I.D. Systems Analytics, a set of web-based data reporting software tools.

In 2017, the company acquired Keytroller LLC for $9 million. Keytroller sold electronic products for managing forklifts, construction vehicles, and other industrial equipment, including devices that function as a telematic control unit.

In 2019 the company acquired Pointer Telocation LTD and renamed itself as Powerfleet Inc. As part of this change, the company retired its NASDAQ ticker symbol of IDSY and adopted PWFL.

From Wikipedia’s article on Powerfleet, shared under CC BY-SA 4.0.7

Leadership

Who has led I.D. Systems, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jeffrey M. Jagid2006–2013
  2. Ned Mavrommatis2010
  3. Kenneth S. Ehrman2014–2016

President

  1. Kenneth S. Ehrman2006–2016

Chief financial officer

  1. Ned Mavrommatis2006–2019

Chief operating officer

  1. Kenneth S. Ehrman2006–2010
  2. Darryl Miller2010–2012
  3. Norman Ellis2014–2016
2010201520202025
Board members and other officers (17)

Timeline

  1. Mar 27, 2014New chief executive Kenneth S. Ehrman becomes CEO10
  2. Mar 2, 2010New chief executive Ned Mavrommatis becomes CEO11
  3. Jan 6, 2006New chief executive Jeffrey M. Jagid becomes CEO12
  4. Jun 30, 1999Went public Listed on NASDAQ1
  5. Feb 8, 1982Founded I.D. Systems is founded4

SEC filer profile

How I.D. Systems is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARID SYSTEMS INC2
  • CIK0000049615
  • Employer ID (EIN)22-32707992
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3669 Communications Equipment, NEC2
  • Business address123 Tice Boulevard, Woodcliff Lake, NJ 076772
  • Phone20199690002
  • Shares outstanding18,447,779 as of Aug 12, 201932
  • Public float$65.6M as of Jun 30, 20188
  • On EDGAR sinceApr 23, 19992
  • Filings925 in all: 4 (404), 8-K (137), SC 13G/A (79), 10-Q (44), SC 13G (37), 3 (23), DEF 14A (19), 10QSB (17)2
    All 47 form types

    5 (15), 10-K (14), 425 (11), SC 13D/A (10), S-8 POS (9), S-8 (8), UPLOAD (8), 11-K (7), 10KSB (6), SD (6), CORRESP (5), DEFA14A (5), S-3 (5), 10-K/A (4), 8-K/A (4), EFFECT (4), SB-2/A (4), SC 13D (4), 10-Q/A (3), 10KSB/A (3), 4/A (3), 144 (2), 424B1 (2), 424B3 (2), 424B5 (2), 8-A12B (2), DEFR14A (2), POS AM (2), PRE 14A (2), S-3/A (2), 10QSB/A (1), 15-12B (1), 25-NSE (1), 424B2 (1), DEFM14A (1), NO ACT (1), REGDEX (1), S-3MEF (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) Apr 1, 2019
    Quarterly report (10-Q) Aug 14, 2019
    Proxy statement (DEF 14A) Apr 30, 2018
    Latest 8-K (8-K) Oct 3, 2019

Sources

The numbers on this page point here. Each one links to the record it came from.

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