Isotrak acquires VeriLocation
The combined business will have in excess of 500 fleet and telematics customers over 50,000 connections in the UK and overseas and will offer a comprehensive range of fleet software solutions and professional services, integrating managed service vehicle camera systems on a single platform.
Isotrak was acquired by UK B2B services and technology investor Lyceum Capital in 2013, with Lyceum partner Daniel Adler saying of the latest deal: “VeriLocation is a software business with complementary functionality to Isotrak’s services and we are committed to identifying, acquiring and integrating businesses that provide a strong strategic fit, across all our investments.
“We are certain that Isotrak will continue to build on its position as a market leader in the dynamic telematics space and remain at the forefront of innovation.”
For more of the latest industry news, click here.