Spectrum Equity Invests in Tracking Firm Agilis

Spectrum Equity has made a significant investment in Agilis Systems, a software-as-a-service telematics business used by trucking firms, according to an Agilis news release. Terms were not disclosed.

Agilis tracks vehicles and assets through brands including Linxup and AwareGPS. The St. Louis company said it employs an intuitive platform that collects billions of real-time data points every month, helping customers reduce fuel costs, improve employee safety and compliance, prevent theft and boost productivity. Key features include track and trace, geofencing, diagnostic trouble codes, event-based alerts, temperature monitoring and driver safety scoring.

Agilis tracks more than 165,000 devices for more than 45,000 customers.

Spectrum Equity, with locations in Boston and San Francisco, is a leading growth equity firm providing capital and strategic support to companies in the information economy. The firm has partnered with entrepreneurs and management teams for more than 25 years to build value in market-leading software, information services and internet companies. — Transport Topics