ABRY Partners Secure Majority Stake in SambaSafety
SambaSafety has entered into a definitive agreement with ABRY Partners, a private equity firm based in Boston, Mass., that will lead to a reorganization of the company.
This agreement will accelerate the company's growth strategy and the ongoing development and sales of the SambaSafety driver risk management platform.
SambaSafety’s Software as a Service (SaaS) solutions provide driver risk technology and information to employers, insurance, background screeners and fleet management companies.This enables companies with commercial and non-commercial fleets to easily identify and address unsafe driving behavior and take the appropriate actions necessary to maintain the safety of drivers, passengers and the communities in which they live and work.
“ABRY’s strong technology experience aligns with SambaSafety’s objectives and enables us to confidently enter our next phase of growth—benefiting our customers, partners and employees,” said Richard Crawford, CEO of SambaSafety.
Terms of agreement have not been disclosed, the transaction is anticipated to close within 30 days. SambaSafety will maintain its headquarters in Albuquerque, NM.