Asian Surveying & Mapping
Breaking News
Swedish Space Corporation Introduces Their Global Ka-Band Network
Swedish Space Corporation (SSC) has geared up to meet...
ASA releases EO from Space Roadmap
The Australian Space Agency (ASA) has set out its...
Omicron map: this interactive map shows where the COVID-19 variant has spread so far
The Omicron Covid-19 variant has the world on pins and...
Australian Space Agency releases Earth Observation from Space roadmap
The Advancing Space: Australian Civil Space Strategy 2019-2028 identified...
China Launches New Satellite For Earth Observation
A Long March-4C carrier rocket carrying the Gaofen-3 02...
Ouster Expands to Japan and South Korea to Support Growing Demand for High-Resolution Digital Lidar Sensors
SAN FRANCISCO - Ouster, Inc. (NYSE: OUST) (“Ouster” or...
New Zealand’s Counties Energy Partners with GE Digital for its Digital Utility Transformation
GE Digital today announced that Counties Energy, an electricity distribution network...
The Hong Kong Institute of Surveyors: Best Development & Conservation Award 2021 Surveying Excellence in Development and Conservation
HONG KONG SAR  - The results of HKIS Best...
India, Japan researchers working on smartphone-based mapping of cracks, potholes in roads
The joint project is aimed at developing an affordable...
Dubai Airshow 2021: Israeli companies offer space systems, UAVs to the Middle East
UAVs and new communications and Earth observation satellites were...

August 4th, 2013
Vector Capital Sells Teletrac, a Leading Provider of GPS Tracking and Fleet Management Software

Commenting on the transaction, Tony Eales, CEO of Teletrac, said: “Teletrac has established itself as the market leader in GPS tracking and fleet management software. Vector Capital has been a great partner in transforming Teletrac into a world class SaaS business through thoughtful investments to accelerate our product roadmap and go-to-market platform. As we look forward, Danaher is an ideal partner for our next phase of growth and for the long-term. We will enjoy the support of a global organization with a long track record of building market leading and operationally excellent brands. We believe this transaction will benefit our employees and customers, and will allow us to continue our long-term focus on service enhancement, innovative product development, and expanded market reach.”

David Fishman, a Managing Director at Vector Capital, agreed, “We have had a very successful investment in Teletrac and partnership with the management team. We are pleased to have selected a buyer for Teletrac that will continue to invest in the company, its employees, and its products to further grow the business. Teletrac is the most recent example in Vector’s long history of partnering with management to realize significant value by growing and significantly transforming technology companies.”

About Teletrac Inc.

Teletrac is a leading fleet management software company headquartered in Southern California. Providing a comprehensive cloud-based SaaS platform, Teletrac currently helps automate more than 200,000 vehicles across 87 countries in all industries. With over 500 global employees, Teletrac focuses on providing advanced GPS asset location, diagnostics, fuel efficiency, safety, compliance, scorecarding and business intelligence in a single powerful web interface. Learn more at www.teletrac.com.

About Vector Capital

Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. Vector identifies and pursues these complex investments in both the private and public markets. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers and shareholders. Among Vector’s notable investments are Aladdin Knowledge Systems, Cambium Networks, Certara, Corel, Gerber Technologies, RAE Systems, Register.com, SafeNet, Technicolor, Tidel, WatchGuard Technologies, and WinZip.