Vehicle Tracking Solutions (VTS) announced a $70 million investment from LLR Partners to help accelerate growth for IntelliShift, a division of VTS, by fueling innovation, expansion in North America and an enhanced focus on the customer experience for digitizing and transforming fleet and safety management.
“VTS connects field operations data with AI video capabilities to help clients improve operational efficiency, situational intelligence and driver safety,” says Dan Irwin, VP at LLR Partners. “Amplified by effective implementation and an exceptional customer focus, VTS and its IntelliShift division are meeting the fast-growing market demand for next-generation video telematics.”
“We were thrilled to find a partner in LLR who shares our passion for building best-in-class customer experiences and brings expertise in helping telematics and IoT companies accelerate growth. This partnership will help power our product innovation, drive customer value by optimizing connected fleet and safety processes and capitalize on a tremendous market opportunity with our new AI video offerings,” says John Cunningham, founder, CEO and president, VTS.
- IntelliShift’s cloud-based fleet and safety management platform features both telematics and AI video capabilities within a single solution.
- VTS will operate as an independent platform company.