Roadnet Technologies, Inc.
Roadnet (formerly UPS Logistics Technologies, a division of United Parcel Service) provides fleet management solutions for hundreds of thousands of vehicles worldwide and in a variety of industries. Specific fleet management applications provide strategic territory and street-level route plans, real-time wireless dispatch, vehicle telematics and global positioning systems (GPS). The company’s solutions are utilized to improve operational efficiency and driver productivity, saving customers millions of gallons of fuel every year. Thoma Bravo purchased the Roadnet business from UPS in 2010 and established the business as an independent company. During the Thoma Bravo ownership, the management team was supplemented, various operating improvements were made and sales and renewal functions were reorganized, all of which resulted in substantial increases in revenue and profitability. The company was sold in 2013 to Omnitracs, a portfolio company of Vista Equity Partners, who had concluded that Roadnet’s focus on software-based fleet solutions for private fleets was an excellent complement to Omnitracs’ focus on telematics hardware and software solutions for the long-haul transportation market.