Acquisition will help InSight to more effectively serve general fleet customers, especially in key market segments including the EMS, pest control and waste industries
(PRUnderground) December 5th, 2019
InSight Mobile Data, Inc. (IMD), a pioneering provider of fleet and mobile worker management software and services for organizations large and small, announced today that it has been acquired by Accel-KKR, a leading Silicon Valley based technology-focused investment firm.
This acquisition will help accelerate IMD’s strategy to build out its StreetEagle software platform to better serve general fleet customers, with an emphasis on key market segments including the EMS, pest control and waste industries.
With the completion of the transaction, John Eller, the founder of IMD, will transition into an advisory role and serve as a member of the company’s Board of Directors, and Doug Hawley, Chief Operating Officer, will assume the role of Chief Executive Officer. Mr. Hawley has extensive experience in delivering innovative solutions to help organizations with fleets operate more efficiently and effectively, based on experience gained at Navtrak (now Verizon) and Motorola among others.
“We are excited to be working with the team at Accel-KKR to build on the established StreetEagle platform and drive accelerated growth. Through this new partnership, we intend to expand our offerings and aggressively pursue the many growth opportunities that are available to us including the acquisition of complementary technologies and services that will help build more value for our customers,” said Hawley.
“We are very pleased to partner with Doug and the entire team at InSight Mobile Data,” said Phil Cunningham of Accel-KKR. “IMD and its team have built a strong position in the market helping organizations with mobile workers improve productivity though technology. Flagship products like StreetEagle provide cost-effective solutions that help organizations operate more safely and effectively while on the go. We look forward to working with the IMD team to grow the company and further enhance its product and services portfolio.”
“InSight fits very well with our focus on investing in and supporting market leading software and technologyenabled service businesses that deliver mission-critical services to its customers,” said Rob Palumbo, Managing Director and founding partner at Accel-KKR. “We could not be more pleased to be working with IMD over the next phase of its growth.”
Software Equity Group served as exclusive financial advisor to InSight Mobile Data on the transaction.
Accel-KKR is a technology-focused investment firm with over $9 billion in capital commitments. The firm focuses on software and IT-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London. For more information, please visit www.accel-kkr.com.
About InSight Mobile Data
InSight Mobile Data develops innovative mobile resource management and fleet safety solutions that provide real-time visibility into the mobile work environment. Our fully configurable StreetEagle software platform provides the ability to capture, analyze and integrate mission-critical data from ALL mobile assets – vehicles, equipment and workers to improve operational efficiency and safety. www.insightmobiledata.com
Original Press Release.
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