# SyBridge Technologies acquires ToolStats software from CaptureMore

SyBridge Technologies has completed the acquisition of ToolStats software and related intellectual property from CaptureMore. The acquisition enables the launch of SyBridge IoT Cloud.

- Type: Acquisition
- Announced: 2021-05-25
- Where: Royal Oak, Michigan, United States
- Status: completed
- Products: ToolStats software, IoT cloud platform
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [SyBridge Technologies](https://endata.com/companies/53360.md) (acquirer)
- [CaptureMore](https://endata.com/companies/55392.md) (target)

## Sources

- [dbusiness.com](https://www.dbusiness.com/daily-news/southfields-sybridge-technologies-acquires-digital-solutions-platform-in-royal-oak/), 2021-05-25: "SyBridge Technologies, a Southfield-based global design and production solutions provider, announced today that it has completed the acquisition of Royal Oak’s ToolStats software along with exclusive rights for related intellectual properties from CaptureMore."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.