Radius, a provider of fleet payment processing services and telematics, agreed to acquire Modus, a provider of wireless and vehicle telematics services for insurers, wireless carriers and fleet operators worldwide. Financial terms were not disclosed. “Brandon, Tim and the team at Modus have built a fantastic technology platform over the last 10 years and their App-only tracking solution is the best we have ever seen in terms of accuracy and ease of deployment. This move not only strengthens our North American tracking business but gives us some exciting new products to sell across our global footprint. In particular their Insurance linked App is an important part of the jigsaw in our plan to create a market leading Division that uses technology as a key differentiator in new products such as ‘Pay as you Drive’," Bill Holmes, Radius CEO.