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SaaS Company
ClearPathGPS Acquired by GPS Insight
The acquisition of ClearPathGPS by GPS Insight, an Accel-KKR portfolio company, brings together two best-of-breed telematics platforms, bringing tremendous functionality to the market. The acquisition will extend GPS Insight’s market footprint by adding a modern, SaaS solution. It will also enhance and accelerate GPS Insight’s product roadmap to continue to fortify its position as the premier fleet management and operations solution.
“Our partnership with Software Equity Group was a game-changer for our company. It was evident that our advisors genuinely understood our business, enabling them to craft a compelling narrative. The large pool of interested parties they attracted through their reputation led to healthy competition, ultimately maximizing our exit value.”
- Steve Wells, Co-Founder & CRO, and Chris Fowler, Co-Founder & CEO, ClearPathGPS
SEG served as exclusive advisor to ClearPathGPS in its acquisition by GPS Insight
Client Description
The company
ClearPathGPS is a best-of-breed business operations SaaS platform providing GPS fleet management and real-time data and visibility into the mobile work environment.
The solution
The Company’s solution empowers customers to optimize their vehicles, assets, and mobile workforce, driving revenue and profitability. This is achieved by increasing project estimate accuracy to help win more business, along with asset lifetime to improve driver safety. The solution also works to reduce misused time and delayed responses, therefore minimizing theft, timecard padding, and billing issues.
Headquarters
Santa Barbara, CA
Buyer Description
The company
GPS Insight is a fleet management and field services company focused on transforming the way organizations operate on the road and in the field.
Headquarters
Scottsdale, AZ
Backed by
GPS Insight is backed by Accel-KKR, a leading technology-focused investment firm with over $19 billion in capital commitments. This series of acquisitions began with Accel-KKR's initial platform investment in SEG client, InSight Mobile Data, followed by Rhino Fleet Tracking. Subsequently, AKKR acquired GPS Insight, uniting it with InSight Mobile Data and Rhino Fleet Tracking under the GPS Insight umbrella. The journey culminated in the integration of TitanGPS and ClearPathGPS into the GPS Insight platform.
