With Lyceum Capital's support we are able to continue investing in our innovative software products to ensure we remain ahead of our global competitors.
Isotrak provides vehicle tracking and management software for operators of large fleets of heavy goods vehicles (HGVs) and light commercial vehicles (LCVs).
The software helps businesses to meet regulations, reduce costs, improve operational efficiency, lessen their environmental impact and improve customer service.
The UK vehicle tracking and fleet management software market is one of the most advanced in the world.
Its leading products are increasingly in demand overseas, particularly in North America, Australia and continental Europe, where routes are longer, sites are more disparate and the growth of the home delivery market is creating a greater need for fleet monitoring and compliance.
Lyceum Capital is working with Isotrak’s experienced management team to deliver an organic growth strategy that includes:
- Targeting growth in its existing market segments, vertical sectors and delivery categories
- Developing the company’s product suite to maintain its global competitiveness
- Targeting opportunities in the North American complex fleet management segment
With our support, Isotrak has:
- Completed the transformational acquisition of VeriLocation, which brings the best of each business to help drive their customers’ success
- Become the clear market leader and is the technical authority in 80% of its customers’ most valued functionality
- 75% recurring revenues in 2017