Francisco Partners Sells Masternaut to New Joint Venture

Francisco Partners Sells Masternaut to New JV Francisco Partners, a technology-focused private equity firm, has announced the sale of Masternaut Group Holdings, Europe’s largest provider of telematics solutions to commercial fleets, to a newly formed joint venture between Summit Partners and FleetCor Technologies (NYSE: FLT).

Europe’s largest provider of telematics solutions, Masternaut was the combination of two separate companies, Cybit and Masternaut, which Francisco Partners acquired in 2010 and 2011 respectively.

The company provides a SaaS-based Mobile Resource Management (MRM) application suite to help businesses of all sizes improve operating efficiencies, such as lowering vehicle fuel consumption, more effectively tracking assets, increasing workforce productivity and reducing vehicle wear and tear.

Francisco Partners is a global private equity firm that specializes in investments in technology companies, has raised approximately

Category: Featured, Fleet Diagnostics & Software, General Update