Parent company Telular Corporation is a fully owned subsidiary of Avista Capital Partners, a private equity firm based in the United States.

The company's asset tracking products are delivered using a software as a service (SaaS) model to commercial, transportation, military, and public safety customers, including sensitive shipment haulers of Arms, Ammunition, and Explosives (AA&E) cargos.

With the acquisition of commercial telematics companies Reltima and GPS North America in 2015, SkyBitz entered the local fleet management market.

SkyBitz was founded in 1993 in the Washington, D.C., metropolitan area under the name Eagle Eye Technologies, Inc. and used both DARPA and the United States Air Force SBIR funding to develop its patented Global Locating System (GLS).

[4] Less than a year later, private equity firm Avista Capital Partners completed its acquisition of Telular for a 31 percent premium to its stock market price.

Today SkyBitz continues to utilize its GLS technology and also offers a variety of other asset tracking solutions[buzzword] based on a portfolio of GPS units and sensors.

[11] In 1998 the United States Air Force awarded Eagle Eye the first of another two contracts to miniaturize the tracking system and reduce its power consumption.

[12] The company's chief technical officer, Jay Brosius, led the design effort for the communications protocol (Slotted Aloha) and architecture.

[14] Eagle Eye was able to demonstrate the GLS technology via the MSAT geostationary satellite built by Hughes Space and Electronics (now owned by Boeing).

The dedication of the entire team culminated in the pre-production manufacturing of the product with Solectron, development of the web-based service, and field testing with early key accounts.

[22] In May 2003 it was announced that the Defense Threat Reduction Agency issued a contract to Eagle Eye Technologies, Inc. for communication studies in support of its mission.

In February 2007, the Canadian Imperial Bank of Commerce (via CIBC Capital Partners) led the fourth round of funding totaling $10 million.

[36] It also drew the attention of Telular Corporation, an American company that utilizes wireless technology to provide security alarm systems and liquid tank level monitoring.

[37] The acquisition increased the size of Telular by about 70 percent and created the largest "pure player" asset tracking and management company in the world.

The new SkyBitz offering is a subscription-based solution[buzzword] that requires only a monthly fee, representing a shift in purchasing style in the industry.

[46] The acquisition of these two companies, GPS North America and Reltima, allowed SkyBitz to enter the local fleet management market.

[clarification needed] The focus of the partnership is to provide North American customers with faster deployment times of SkyBitz's technologies across their fleets.