Accel-KKR Buys GPS Insight; Merges with Portfolio Companies InSight Mobile Data and Rhino Fleet Tracking

Established in 2005, GPS Insight provides SaaS-based fleet management software as well as complementary solutions for Class 3-6 fleets in the United States and Canada.

FREMONT, CA: Accel-KKR, a leading tech-focused private equity firm with over $10 billion of assets under management, has declared that it has acquired GPS Insight, a fleet management software leader. Established in 2005, GPS Insight provides SaaS-based fleet management software as well as complementary solutions for Class 3-6 fleets in the United States and Canada.

Simultaneously, Accel-KKR announced the acquisition of GPS Insight ("GPSI") by InSight Mobile Data ("IMD") and Rhino Fleet Tracking ("Rhino") by Accel-KKR, two established Accel-KKR portfolio companies focusing on fleet management, field services, and GPS tracking. Gary Fitzgerald, the CEO of GPS Insight, will continue to lead the merged companies.

"Fleet owners continue to grapple with the need to optimize investments in their people and their fleet while providing a high level of customer service and ensuring driver safety and compliance," stated Gary Fitzgerald, CEO of GPS Insight and the CEO of the combined businesses. "The GPS Insight platform is bringing exciting changes to the industry such as video telematics, tighter integration to field service management and advanced analytics that transform what fleet management software is capable of doing. Partnering with an experienced software investor like Accel-KKR and combining forces with IMD and Rhino will give our company a broader platform to capitalize on these trends and give our customers new tools to manage their businesses more efficiently and save them money."