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

  • Hello LA! It's showtime!
    September 19, 2022
    Welcome to this year’s ITS World Congress, organised by RX Global. Jaime McAuley, the company’s event director, provides some highlights of what will be an amazing and unforgettable show
    Read More
  • Expert calls for high-tech traffic control
    November 29, 2012
    A leading Chinese transportation expert has called for China to develop smart traffic technologies that are more customer-oriented, while boosting greener, safer and more efficient modern transportation in the country. "China's ITS applications should shift their focus to provide more solutions for public transportation in the next decade, and the industry should get a new stimulus by responding to the needs of the market," said Wang Xiaojing, chief engineer at the Research Institute of Highway under the Mi
    Read More
  • Adding intelligence to transportation
    November 6, 2012
    Restarting city transportation systems following a natural disaster can take time. The impact of a storm cannot be predicted, but transportation systems and fleets of vehicles with embedded intelligence can provide the knowledge needed to get up and running faster. Machine to machine (M2M) technology can help collect and process information to better monitor and manage transportation systems on an ongoing basis. In the event of a disaster, technology could provide cities with critical data about bridges, r
    Read More
  • Centralised remote control in ports opens endless digitisation possibilities
    August 5, 2021
    Port Intelligent Twins speed up upgrades in the port & shipping industry
    Read More

Highlighted Content