Spectrum Equity invested in software developer Agilis Systems.

Private equity Spectrum Equity invested in Agilis Systems, the leader in SaaS-based telematics and tracking solutions enabling businesses to manage their mobile fleets and most valuable assets. The purchase price is $132m. "We are delighted to partner with Agilis and its outstanding management team. The company's solutions illuminate valuable operational data that many businesses could not easily or affordably access in the past," said Jake Heller, Spectrum Equity. "Agilis offers elegant, robust solutions to address a wide range of tracking needs and business objectives, and we are excited to help the company continue to broaden its solutions and solidify its differentiated position within the broader telematics market."