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

Related Content

  • January 26, 2012
    Standardise global ITS protocols to enable interoperability
    ITS America has a new chief technology officer. ITS International caught up with Nu Rosenbohm at this year's World Congress to gather his thoughts on the main challenges at home and abroad
    Read More
  • April 3, 2019
    Marston buys video data platform provider Videalert
    Video data platform provider Videalert has been bought by Marston Holdings, the UK-based transportation and enforcement services group. The announcement, made at Traffex this week, comes as Videalert extends its existing work for Bath & North East Somerset Council with more CCTV enforcement for the city of Bath’s clean air zone. Videalert’s technology is used to identify parking and moving traffic offences, supporting traffic management, police ANPR programmes – and, increasingly, clean air and low emissi
    Read More
  • October 9, 2012
    Zurich insurance and TomTom partner on fleet telematics
    Zurich Germany is to partner with TomTom fleet management to provide the telematics capability behind the company’s newly launched product Zurich Fleet Intelligence (ZFI). Launched in Germany, the integrated service is aimed at corporate fleets and combines vehicle telematics, reporting, driver development tools and risk engineering support. TomTom technology will be integral to the proposition, helping businesses to actively improve driver safety, reduce operational costs and minimise environmental impact
    Read More
  • August 15, 2012
    Getting more for less from traffic data
    Collection of traffic and transit data has grown significantly, combining with advances in connectivity and computational modelling to good effect. Desire to do more with less – to make budgets go further – has helped create a boom in the collection and study of traffic and transport data. Studies are becoming longer, greater in number and further in-depth as more intelligence is sought, plus, transportation agencies are looking to make processes of data collection less costly, or more efficient.
    Read More

Highlighted Content