What does DD mean in TORONTO STOCK EXCHANGE
DD is an acronym for DDS Wireless International Incorporated, a de-listed Canadian company that was formerly listed on the TSX Exchange (TSX) and headquartered in Richmond, British Columbia. The company provided mobile resource management solutions for transit systems, taxis, and other transportation operations. Prior to its delisting, the company operated more than 70 subsidiaries located across 20 countries. In 2013, the company was acquired by global GPS provider TomTom International BV and subsequently delisted from TSX.
DD meaning in Toronto Stock Exchange in Business
DD mostly used in an acronym Toronto Stock Exchange in Category Business that means DDS Wireless International Incorporated (de-listed)
Shorthand: DD,
Full Form: DDS Wireless International Incorporated (de-listed)
For more information of "DDS Wireless International Incorporated (de-listed)", see the section below.
History
DDS Wireless International Incorporated (DDS) was founded as Data and Dispatch Systems Limited in 1984 by its current Chairman & CEO Avrum Sllver. The company focused on providing software-based mobile resource management solutions to public transit organizations. It initially operated out of Vancouver's False Creek Flats neighborhood before moving to its current headquarters in Richmond. In 1998, DDS became a publicly traded company on the Toronto Stock Exchange under the ticker symbol DD with a market capitalization of roughly $60 million CAD. Over the years it acquired multiple companies including Right Track Systems Group Ltd., Pocket Mobile Systems Ltd., T2C2 Ltd., Orga BV, as well as most recently Rapidsoft Systems Incorporated; all focusing on providing fleet management services primarily in the public transit sector.
Services Provided
DDS provided fleet management systems specifically tailored to meet the needs of large public transit authorities worldwide. Its products included automatic vehicle location (AVL), smartphone-based dispatch systems and real-time passenger information solutions designed to optimize efficiency and reduce operational costs associated with managing fleets of transit vehicles such as buses or taxis. Additionally, they provided monetization solutions such as preloaded fare cards that could be used by passengers for secure payments without having to carry cash or coins on board of vehicles. They also developed integrated back office systems that allowed operators to monitor performance metrics such as fuel consumption or driver behavior in order to spot issues and make improvements accordingly.
Acquisition by TomTom
In 2013, DDS Wireless International Incorporated was acquired by global GPS provider TomTom International BV for $140 million CAD ($136 million USD at time). As part of this agreement, all outstanding shares of DDS were purchased at a price of $1 per share and delisted from TSX exchange; becoming a wholly owned subsidiary within TomTom organization while retaining its own brand identity and leadership team intact. This acquisition was seen as mutually beneficial due to TomTom’s need for increased presence in North America combined with DDS’ expertise in mobile resource management technology; giving them access to new customers base while creating opportunities for immediate revenue growth for both companies involved.
Essential Questions and Answers on DDS Wireless International Incorporated (de-listed) in "BUSINESS»TSX"
What is DDS Wireless International Incorporated?
DDS Wireless International Incorporated was a Canadian wireless computing and communications solution provider, founded in 1999 and de-listed in 2010. It specialized in the development of scheduling software, vehicle tracking systems, mobile dispatch platform, automated vehicle location systems, and many other services related to wireless technology.
When did DDS Wireless International Incorporated become de-listed?
DDS Wireless International Incorporated became de-listed on August 4th 2010.
What type of services did DDS Wireless International Incorporated specialize in?
DDS Wireless International Incorporated specialized in the development of scheduling software, vehicle tracking systems, mobile dispatch platform, automated vehicle location systems, and many other services related to wireless technology.
How long was DDS Wireless International Incorporated operational?
DDS Wireless International Incorporated was operational for eleven years from its founding in 1999 until being de-listed in 2010.
Is there any way to access the services provided by DDS Wireless International Incorporated today?
Unfortunately no. As the company is no longer operational after its de-listing date, it is not possible to access or use any products or services associated with it anymore.
Who are some alternative companies that offer similar solutions as those provided by DDS Wireless International Incorporated?
There are number of alternative companies currently offering similar solutions such as Trimble Navigation Limited or SCI Technology Corporation.
Was there any reason for its de-listing from public trading markets?
The exact reason for its de-listing is not clear but it is possible that it failed to meet certain criteria or standards required for continuing operations within public trading markets.
Final Words:
DDS Wireless International Incorporated was formerly an independent Canadian tech firm providing specialized fleet management solutions primarily geared towards public transportation operations regions around world prior to being acquired by global GPS provider TomTom International BV in 2013 after which it got de-listed from TSX exchange becoming a wholly owned subsidiary within larger organization while still keeping its core brand identity intact . Therefore , DD stands for DDS Wireless International Incorporated – Solutions Provider De-Listed After Acquisition By TomTom.
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