Add-on Acquisition • Software

Connexas Group Acquires Isotrak

On January 1, 2017, Connexas Group acquired software company Isotrak from Horizon Capital UK

Acquisition Context
  • This is Connexas Group’s 1st transaction in the Software sector.
  • This is Connexas Group’s 1st transaction in the United States.
  • This is Connexas Group’s 1st transaction in Florida.

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M&A Deal Summary

Date January 1, 2017
Target Isotrak
Sector Software
Buyer(s) Connexas Group
Sellers(s) Horizon Capital UK
Deal Type Add-on Acquisition

Target Company

Isotrak

Orlando, Florida, United States
Isotrak, Inc. is a provider of GPS vehicle tracking and fleet management software solutions. Isotrak was founded in 1999 and is based in Orlando, Florida.
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Buyer Overview 1

Buyer

Connexas Group

Northampton, United Kingdom

Category Company
Founded 2017
Sector Information Technology
DESCRIPTION

Connexas Group provides connected vehicle technology and fleet management solutions throughout the UK, EU, North America, and Australia. With end-to-end technology solutions spanning full journey and delivery management, high definition camera systems, and driving performance applications, Connexas empowers fleets to become smarter, safer, and more efficient. Connexas was formed in 2017 and is based in Northampton, United Kingdom.


Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 1
State: Florida 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1

Seller Profile 1

SELLER

Horizon Capital UK

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital UK is a private equity firm that targets investments in middle-market companies valued up to £100 million. The Firm has a preference for UK-headquartered businesses and will consider opportunities in the technology services, software, data/analytics, and business services sectors. Prospective transaction situations include buyouts with potential for consolidation. Horizon Capital UK was formed in 1999 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 17 of 30
Sector: Software 2 of 2
Type: Add-on Acquisition 6 of 13
State: Florida 1 of 1
Country: United States 1 of 2
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Clearswift

Reading, United Kingdom

Clearswift Ltd. is a provider of policy-based content filtering software, enabling 15,000 organisations to protect their networks and their intellectual property from email- and web-borne threats, such as viruses, malicious code and inappropriate use by employees.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Digital Space

Newark, United Kingdom

Digital Space is a privately-owned, information and communications technology provider, supplying multi-site organizations with the network connectivity, cloud, unified communication, managed IT and mobile solutions they need to operate effectively in today’s highly competitive market place. Digital Space was founded in 2004 and is based in Newark, United Kingdom.

Buy £50M