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  6. Everlance Acquires TrackMyDrive

M&A Deal Summary

Everlance Acquires TrackMyDrive

On July 15, 2020, Everlance acquired software company TrackMyDrive

Acquisition Highlights
  • This is Everlance’s 1st transaction in the Software sector.
  • This is Everlance’s 1st transaction in the United States.
  • This is Everlance’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2020-07-15
Target TrackMyDrive
Sector Software
Buyer(s) Everlance
Deal Type Add-on Acquisition

Target

TrackMyDrive

Orem, Connecticut, United States
TrackMyDrive was founded by Steven Books and Ben Guffey as an effort to make mileage tracking and exports easy. While working for Keybank, Ben discovered that it would take him several hours every month to submit his mileage report and he knew there could be an easier way. Hey partnered with Steve Books to create TrackMyDrive. Over the course of 8 years the service was used to track over 300 million miles. TrackMyDrive was founded in 2012 and is based in Orem, Connecticut,

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Buyer(S) 1

Buyer

Everlance

San Francisco, California, United States
Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Everlance is a mileage and expense tracking app designed to help self-employed individuals and businesses save money and time. It offers an automatic, accurate, and easy-to-use solution for tracking miles and expenses, ensuring users maximize their tax deductions and take-home pay. Everlance was founded in 2015 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
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