Telematics tie-up

Telematics and fleet management systems provider Isotrak has bought UK-based VeriLocation. Isotrak’s acquisition of VeriLocation is backed by the technology investor Lyceum Capital.

Lyceum Partner Daniel Adler said: “When we acquired Isotrak in 2013, we understood that vehicle tracking and fleet management software is business-critical for transport operators. VeriLocation is a software business with complementary functionality to Isotrak’s services and we are committed to identifying, acquiring and integrating businesses that provide a strong strategic fit, across all our investments.”