Sector:

Software

Investment year:

2013

With Horizon's support we are able to continue investing in our innovative software products to ensure we remain ahead of our global competitors

Jim SumnerExecutive Chairman, Isotrak

Business

Isotrak provides vehicle tracking and management software for operators of large fleets of heavy goods vehicles (HGVs) and light commercial vehicles (LCVs).

The software helps businesses to meet regulations, reduce costs, improve operational efficiency, lessen their environmental impact and improve customer service.

Market

The UK vehicle tracking and fleet management software market is one of the most advanced in the world.

Its leading products are increasingly in demand overseas, particularly in North America, Australia and continental Europe, where routes are longer, sites are more disparate and the growth of the home delivery market is creating a greater need for fleet monitoring and compliance.

Strategy

Horizon is working with Isotrak’s experienced management team to deliver an organic growth strategy that includes:

  • Targeting growth in its existing market segments, vertical sectors and delivery categories
  • Developing the company’s product suite to maintain its global competitiveness
  • Targeting opportunities in the North American complex fleet management segment

Developments

With our support, Isotrak has:

  • Completed the transformational acquisition of VeriLocation, which brings the best of each business to help drive their customers’ success
  • Become the clear market leader and is the technical authority in 80% of its customers’ most valued functionality
  • 75% recurring revenues in 2017
News & Insights

Related Infomation

February 14, 2018 in Portfolio News

Sabio Wins Two Major Awards

Horizon-backed digital customer engagement technology specialist Sabio has won two out of the nine major…
Read More
July 10, 2018 in Portfolio News

Totalmobile partners with Buckinghamshire Fire and Rescue to deliver mobile working solution

Horizon-backed Totalmobile and Buckinghamshire Fire and Rescue have been working closely to implement a ground-breaking…
Read More
December 17, 2017 in Portfolio News

Sabio strengthens Board with two new appointments

Horizon-backed digital customer engagement technology specialist Sabio has strengthened its board with two key new…
Read More