Thoma Bravo, a leading private equity investment firm 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.
“It’s a rare moment in our business when we have an opportunity to simultaneously combine two world-class companies like Motus and Runzheimer,” said A.J. Rohde, a Partner at Thoma Bravo.
Read more of the release.
The post Thoma Bravo Acquires and Merges Motus and Runzheimer to Create Market Leading Vehicle Management Platform appeared first on Fleet Management Weekly.
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