Vista Equity Partners Acquires Omnitracs

Vista Equity Partners Acquires Omnitracs

omnitrac nfQualcomm has signed an agreement to sell Omnitracs to Vista Equity Partners for $800 million in cash. The acquisition will include all of Omnitracs operations in the United States, Canada and Latin America, including Sylectus and FleetRisk Advisors, which were acquired by Omnitracs in 2011.

Omnitracs provides fleet management services including software applications, platforms and information services. Services are used for safety and compliance, driver retention, GPS fleet tracking, and fleet maintenance. Omnitracs is based in San Diego (

“In the late 1980’s, Qualcomm pioneered the use of commercial vehicle telematics with the introduction of the first mobile information system for transportation and logistics. As one of Qualcomm’s earliest businesses, Omnitracs has maintained a leadership position within the industry for 25 years. Today, the opportunity for fleet management and telematics is evolving rapidly, and we believe Omnitracs is well positioned to continue its leadership position as a stand-alone entity,” said Derek Aberle, executive vice president and group president, Qualcomm. “Vista’s long-term investment focus and experience helping software, data and technology-enabled businesses drive growth and leadership positions is a great fit for the Omnitracs business and management team. We look forward to witnessing their continued success together.”

Vista Equity Partners has more than $7 billion in committed capital and makes equity investments in enterprise software businesses and technology-enabled services companies. The firm was founded in 2000 and has over 50 investment professionals operating out of Austin, Chicago, and San Francisco (

“We are long-term investors in enterprise software, data and technology-enabled businesses that are committed to being leaders in their fields,” said Robert Smith, chief executive officer and founder of Vista Equity Partners. “We are impressed with the compelling value proposition Omnitracs’ products and services offer their customers. We look forward to working with them and helping them to reach their full potential.”

Qualcomm (NASDAQ: QCOM) is an American global semiconductor company that designs, manufactures and markets digital wireless telecommunications products and services. The company is headquartered in San Diego with 157 worldwide locations (

Barclays Capital is serving as financial advisor to Qualcomm.

The acquisition is expected to be completed during the first quarter of Qualcomm’s fiscal 2014.

© 2013 PEPD • Private Equity’s Leading News Magazine • 8-23-13

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