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,

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Everlance

Redwood City, California, United States

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Everlance was founded by Alex Marlantes and Gabriel Garza while graduate students at Stanford, Everlance was developed to create powerful tools for mobile workers. Everlance’s first product was an app for independent workers to track mileage and expenses. Everlance was founded in 2015 and is based in Redwood City, California.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1