Deal Announcement

DC Advisory US acts as exclusive financial advisor to Synovia Solutions on its sale to CalAmp

30 Kwi 2019

DC Advisory, a leading investment banking firm, acted as the exclusive financial advisor to its client Synovia Solutions (Synovia) on its sale to CalAmp (NASDAQ:CAMP), a provider of IoT software applications, cloud services, data intelligence and networked telematics products and services. Through this acquisition, CalAmp will expand its fleet management and vehicle safety services portfolio in addition to driving higher margin software sales and boosting its recurring software and subscription revenue.

Synovia is a leading provider of SaaS-based fleet management solutions for K-12 school bus and state and local government fleets, tracking over 125,000 vehicles. In addition, Synovia offers a smartphone application which allows parents and students to track school buses in real time.

 

 

Deal Team