Thoma Bravo, a leading private equity investment firm, today announced an innovative deal to acquire the premier vehicle management and reimbursement platforms of Motus and Runzheimer. The combined organization – with approximately 2,000 customers and more than 220,000 end users – is positioned to better serve the rapidly growing needs of the addressable fleet market and provide customers with significant alternatives to today’s “company car” or limited vehicle reimbursement options.
The proliferation of mobile devices and cloud capabilities has created an increasingly mobile workforce, expanding the definition of those that drive for work beyond the historical context of truck and delivery drivers. As more drivers take to the road to do their jobs, fleet solutions have flourished into a $2+ billion industry, one that demands technologies that improve mobile workforce efficiency and maximize driver productivity. Integrating Runzheimer’s 80+ years of expertise and world-class customer base with Motus’ cutting-edge technology means... READ MORE