Danaher Corp. purchased Teletrac, a GPS tracking and fleet management software company, from Vector Capital. According to Vector Capital, Teletrac tracks more than 200,000 vehicles in 87 countries.
“Teletrac has established itself as the market leader in GPS tracking and fleet management software. Vector Capital has been a great partner in transforming Teletrac into a world class SaaS business through thoughtful investments to accelerate our product roadmap and go-to-market platform,” said Tony Eales, CEO of Teletrac. “As we look forward, Danaher is an ideal partner for our next phase of growth and for the long-term. We will enjoy the support of a global organization with a long track record of building market leading and operationally excellent brands. We believe this transaction will benefit our employees and customers, and will allow us to continue our long-term focus on service enhancement, innovative product development, and expanded market reach.”