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Tiger changing its plans on Port-It; The Fort Lauderdale company won't be consolidating its business in Sarasota.(BUSINESS)
Byline: MICHAEL POLLICK michael.pollick@heraldtribune.com
SARASOTA -- Tiger Telematics has backed off from plans to move to Southwest Florida from Fort Lauderdale and to launch the Port-It car computing solution developed in Sarasota by Intelliworxx Inc.
In June, Tiger bought control of Intelliworxx's main operating subsidiary Comworxx for 4.3 million shares of Tiger's over-the-counter shares and the assumption of liabilities.
Tiger promised to pour $500,000 in fresh cash into the local operation and to consolidate its business in Sarasota.
But on Thursday, Tiger said it would move its headquarters to Jacksonville while tearing up and …
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