Masternaut Three X supported a management buyout of the business from Phoenix IT Group.

The new business, which will be run by the previous management team of Rod Atherton and Andrew Wilkinson, will be 100% owned by Masternaut Three X and known as Three X Business Solutions Ltd.

ICM Business Solutions implement Microsoft business applications to the transport and logistics sector and offer a wide range of complimentary web-based software focusing primarily on Microsoft Dynamics CRM.

The deal follows the recent acquisition by Masternaut Three X of ISP Fibre City for ₤6 million.

Masternaut Three X managing director, Martin Port, told Telematics Update: "This acquisition is another part of the Masternaut Three X jigsaw allowing us to be a single-source provider of completely integrated mobile and office solutions. Telematics is becoming a big issue for businesses, with live information received from vehicles and mobile workers increasingly seen as a central component to service delivery and operational efficiency. ICM Business Solutions appealed to us as they had real depth of experience with Microsoft business software."

He added: "We see Masternaut Three X data and mapping becoming an integral part of frontline systems like CRM as well as providing vital data for back office systems."

With Masternaut Three X vehicle tracking and mobile applications developed in Microsoft.net and a significant new deal signed last month with Microsoft Virtual Earth, the addition of ICM Business Solutions enables Masternaut to offer a whole range of business services and hosted applications across the 1,500-stong Masternaut Three X customer base.