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

  • New solutions for catching texting drivers
    October 28, 2016
    Many countries have laws prohibiting texting while driving but enforcement is proving difficult – David Crawford looks at some new approaches being tried by authorities. Finding definitive solutions – technological, regulatory and educational - to the potentially lethal practice of people driving while using mobile phones is proving elusive, while the stakes grow higher.
    Read More
  • Inrix expands into smart parking with acquisition of ParkMe
    September 10, 2015
    Inrix is accelerating its development of smart parking services with the acquisition of ParkMe, a Santa Monica, California company that helps drives find parking, make reservations and mobile payments worldwide. According to Inrix, the acquisition expands its data aggregation and industry expertise, enabling it to more rapidly deliver a comprehensive set of parking services, including locating, comparing, reserving and paying for parking from a smartphone or vehicle. The acquisition also expands the par
    Read More
  • Lidar: beginning to see the light
    March 14, 2022
    Lidar feels like a technology whose time has come – but why now? Adam Hill talks to manufacturers, vendors and system integrators in the sector to assess the state of play and to find out what comes next
    Read More
  • Flir takeover of Traficon and the role of thermal imaging
    February 28, 2013
    Andy Teich, president of commercial systems at Flir, discusses the growing role of thermal technology in ITS and his company’s latest high-profile acquisition with Jason Barnes. Andy Teich, Flir’s president of commercial systems, doesn’t want to talk about infrared (IR). Instead, he’d prefer, he says, to discuss ‘thermal technology’. It is, he explains, to differentiate between the imaging technologies which his company specialises in and the LED illumination of IR cameras, an altogether different beast. Fl
    Read More

Highlighted Content