Omnitracs to acquire SmartDrive for $456m.

Omnitracs, a provider of SaaS-based fleet management, data analytics solutions and transportation technology, agreed to acquire SmartDrive, a provider of video-based safety and transportation intelligence, from private equity firms Oak Investment Partners, New Enterprise Associates, Western Technology Investment and NewView Capital Management for $456m. “By integrating SmartDrive’s unparalleled transportation intelligence platform, video safety hardware and risk analysis service offering with the Omnitracs One platform, we can deliver a converged solution built on AI and ML that redefines the future of commercial transportation today. Real-time risk mitigation, streamlined data flows from the cab and vehicle sensors to dispatch and the back office, and a superior driver experience will be brought together to improve safety, efficiency and operational excellence,” Ray Greer, Omnitracs Chief Executive Officer.