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

  • Viewpoint on the 2015 ITS World Congress
    September 10, 2014
    The next ITS World Congress will be held in stunning Bordeaux, France, from 5 – 9 October, 2015. Didier Gorteman, Ertico - ITS Europe, chair of the organising committee, explains how the event is shaping up. Q The theme of next year’s ITS World Congress in Bordeaux is “Towards intelligent mobility – Better use of space”. Could you give an overview of how this theme will shape the event? A The EPC chose this theme together with the host organisations. With the word space we want to make a link to space
    Read More
  • MEPs back European emergency call system deal
    December 4, 2014
    A European Parliament/Council deal on a life-saving automatic emergency call system for cars, agreed on Monday evening, was backed by Internal Market Committee MEPs on Thursday. The in-vehicle eCall system uses 112 emergency call technology to alert the emergency services to serious road accidents automatically. This enables them to decide immediately on the type and size of rescue operation needed, helping them to arrive faster, save lives, reduce the severity of injuries and cut the cost of traffic ja
    Read More
  • Vaisala: Weather data is vital for connected vehicles
    August 26, 2016
    Vaisala’s Dr Kevin Petty explains why the weather will continue to play a big part in road safety and traffic management in the smart cities of the future. The world is becoming increasingly connected. Thanks to advances in information and communications technology, the cities we live in are becoming ‘smart’, with everything from education to law enforcement managed by integrated tech solutions in a bid to improve quality of life.
    Read More
  • Siemens acquires UK enforcement provider Zenco Systems
    July 2, 2015
    Intelligent traffic systems supplier Siemens has acquired UK traffic enforcement organisation, Zenco Systems. The announcement underlines Siemens’ commitment to the growing traffic enforcement market and follows a number of successful joint technology projects between the two companies in the UK, including deployments in Manchester and London. Zenco Systems was founded in 2006 to provide local authorities with the ability to use CCTV video evidence to enforce traffic contraventions. Following the first d
    Read More

Highlighted Content