Lyceum acquires Isotrak to support UK and North American expansion
Lyceum Capital has led the acquisition of vehicle tracking and fleet management software provider Isotrak from Saints Chamonix Private Equity to accelerate Isotrak’s UK and North American expansion strategies, and increase investment in the development of its cloud-based product suite.
Investing alongside the existing management team Lyceum has taken a majority share in the business, which recently won contracts with a number of leading retailers in North America to add to its blue chip UK customer base.
Established in 1999, Isotrak provides vehicle tracking and fleet management software to enable businesses that operate large fleets of heavy goods vehicles (HGVs) and light commercial vehicles (LCVs) to reduce costs, improve operational efficiency, lessen their environmental impact and improve customer service. The company employs over 120 people across its UK office in Milton Keynes and a base in San Diego.
Source: Lyceum Capital