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

  • CDMA-enabled GPSI-4000 tracking device
    July 25, 2012
    GPS Insight, a supplier of GPS tracking hardware and software solutions for commercial and municipal fleets, has released the latest version of its GPSI-4000 which supports CDMA network services, made available through Kore Telematics. The new GPSI-4000V offering now gives customers a full range of network choices in addition to GPS Insight's current GPRS and satellite offerings.
    Read More
  • World Congress celebrates coming of age in Detroit
    September 7, 2014
    This is the 21st ITS World Congress and as Scott Belcher, President and CEO of ITS America, puts the event in its wider context, it’s clear that ITS has come of age
    Read More
  • TomTom Telematics and BP partner on fuel management
    April 26, 2017
    TomTom Telematics and BP have joined forces to offer businesses a fuel and driver management solution, BP FleetMove, combining fuel transaction information from BP fuel cards with driver behavior data from the TomTom Telematics Service Platform in one, easy-to-use interface. This new collaboration uses the plug and play TomTom CURFER connected car product, an app working in conjunction with the TomTom LINK 100 dongle, which plugs into the vehicle’s OBD port to wirelessly connect car and smartphone. It is de
    Read More
  • Navtech Radar and Vysionics ITS announce strategic partnership
    October 24, 2012
    Navtech Radar and Vysionics ITS are to enter into a strategic partnership that will combine Navtech’s expertise in millimetre-wave wide-area surveillance technology with Vysionics’ machine vision-based Automatic Number Plate Recognition (ANPR) and average speed measurement competencies.Navtech Radar and Vysionics ITS are to enter into a strategic partnership that will combine Navtech’s expertise in millimetre-wave wide-area surveillance technology with Vysionics’ machine vision-based Automatic Number Plate
    Read More

Highlighted Content