BlackBox GPS moves to technology incubator - South Florida Business Journal:

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BlackBox moved from the Las Olas Boulevard area to the EnterpriseDevelopmenty Corp. (EDC) of South Florida’s technologgy incubator about amonth ago. The move should help the compang leverage the expertise of nearby business development professionals withtechnology experience, President and co-owner Steven Muntean “We just needed to be in an environmentg that will allow us to grow,” he BlackBox has nine employees in Boca Ratonh and five more in Buenos Aires, The company hopes to have 25 total employeews by 2010, Muntean said. The company makes asset-tracking hardwared and software targeted toward companieswith five- to 200-vehiclr fleets, Muntean said.
Companies can use the softwarr to track their vehicles within seconds and producedetailed reports. BlackBox was formerly a unit of Sunrise-based that Munteann and partners bought ayear ago, he By the end of this Muntean said he expects BlackBox to have nearlu $1 million in revenue. BlackBox is one of 13 youn g companies currently at thetechnology incubator, EDC Executive Director Jane Teague said. She welcomed the company’s “It’s another good company, and the fact that they’rre already generating revenue and have customers is quite remarkablethesre days,” she said.