In early 2003 the company then hired Andy Wood as CEO to replace Mr. Fitzgerald. In January 2004, Inverness Capital and Motorola made a $16 Million Series C investment in SkyBitz. In April 2004, Andy Wood resigned as CEO and the company's CFO, Rick Burtner, became CEO. In 2005, SkyBitz acquired customers in the transportation industry including R&R Trucking, Tri-State Motor, Quality Distribution and J Rayl. The company was also selected as a "2005 Future 50" technology company by SmartCEO Magazine for its strategic direction and customer growth. In 2006, SkyBitz announced smart sensor tracking technology to optimize trailer utilization, improve reporting and maximize security. The company was named a “Rising Star” in Deloitte & Touche USA LLP's Technology Fast 50 program for the state of Virginia. SkyBitz also became the official tracking solution for the delivery of the United States Capitol Christmas Tree. Also in 2006, Bob Blair joined the company as CFO.