GTCR acquires video telematics supplier Lytx

Video telematics provider Lytx is to be acquired by Chicago-based private equity firm GTCR in a deal valued at more than US$500 million that it says will help power the next chapter in its growth as a supplier video telematics and safety services for commercial and public sector transportation. Formed in 1998, Lytx has since developed a range of subscription-based services that help improve the safe fleet driving behaviour for more than 1,400 clients worldwide. Its flagship service offering, the DriveCam
February 22, 2016 Read time: 1 min
Video telematics provider 7806 Lytx is to be acquired by Chicago-based private equity firm GTCR in a deal valued at more than US$500 million that it says will help power the next chapter in its growth as a supplier video telematics and safety services for commercial and public sector transportation.

Formed in 1998, Lytx has since developed a range of subscription-based services that help improve the safe fleet driving behaviour for more than 1,400 clients worldwide. Its flagship service offering, the DriveCam program, combines the intelligent video capture of driving events, precise and personalised data-backed coaching insights, fleet tracking, fuel management and more.
Detection, Monitoring & Machine Vision Location Based Systems

For more information on companies in this article

Related Content

  • Success of ITS Belgium's annual congress
    March 12, 2012
    In October, ITS Belgium staged its most successful annual congress to date. However, as Stijn Van Cauwenberge outlines, the association is not going to rest on its laurels in 2008. This last year has been an important one for ITS Belgium. That may seem like a cliché. However, with Peter Van der Perre being appointed as Managing Director of ITS Belgium almost one year ago (after a career with Ertico - ITS Europe for the past 10 years); a first commercial spin-off; a successful ITS Congress; and a number of a
    Read More
  • Transportation applications move to machine vision’s mainstream
    June 11, 2015
    The adaptation of machine vision to transport applications continues apace. That the machine vision industry is taking traffic installations seriously is evident by the amount of hardware and software products tailor-made for ITS applications that are now available on the market. A good example comes from US-based Gridsmart Technologies which has developed a single wire fisheye camera that provides a horizon to horizon view for use at intersections. Not only does the single camera replace four or more in a
    Read More
  • Cooperative infrastructures, cooperative enforcement?
    March 2, 2012
    A dozen years from now, will enforcement still be constrained by the legislative thinking which currently prevails? Or will the needs of the wider transport community bring about some welcome changes?
    Read More
  • FLIPPER - improving the provision of flexible transport services
    February 2, 2012
    John Nelson and Brian Masson, Centre for Transport Research, University of Aberdeen, UK, describe the FLIPPER initiative which is intended to improve the provision of flexible transport services
    Read More

Highlighted Content