Scheduling tee times and speeding up slow players, constant struggles for managers of golf courses around the globe, got easier with the invention of Global Positioning System (GPS) equipment. GPS Industries utilizes GPS and Wi-Fi wireless technology to provide services to golf course managers and golfers. Its V 2 system offers distance information on the fairways, as well as asset management via a virtual private network managed from the clubhouse. Color monitors can be mounted in golf carts or handheld and offer potential additional advertising revenue. GPS Industries filed for Chapter 11 in 2009. Falconhead Capital LLC, a private equity firm, bought the assets of GPS Industries in a bankruptcy court auction.