How Meridian Waste's tech acquisition could spark a competitive advantage
- Meridian Waste Solutions recently announced the acquisition of Mobile Science Technologies, a firm that builds web-based software and mobile apps, for an undisclosed amount.
- "We plan to be the leaders within the environmental industry by showcasing the communications and engagement that can be created between our customers, including governments, residents and businesses, and our solid waste marketplace operations in St. Louis, MO, Richmond, VA and future locations," said CEO Jeffrey Cosman in a press release.
- One of Georgia-based Mobile Science Technologies' main products is a tool called Bright City that is currently used to facilitate communications between government agencies, law enforcement and residents.
Missouri-based Meridian has experienced notable growth this year since taking on new St. Louis contracts in April and now services more than 113,000 customers across multiple sectors. They also operate four transfer stations, one recycling facility and three landfills. Earlier this year, Meridian completed a $12.4 million public offering and recently reported record revenues for 2016.
This acquisition follows other recent investment and interest in mobile technology among companies. Waste Management drivers now use tablets in their trucks to confirm service, take photos and get route directions — and the company recently announced plans to hire a chief technology officer. Other companies such as Rubicon Global and Recycle Track Systems are focused entirely on offering these types of technology platforms to private haulers or municipalities rather than collecting material themselves.
In an interview with Waste Dive, Rubicon's CEO Nate Morris explained how developments and investments in tech can help smaller waste companies beat "the big three." Meridian's acquisition of an entire tech firm may help push them ahead of other smaller companies in the market and provide a competitive advantage by allowing direct control over adapting custom technology to meet their clients' needs.
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