Alliances & AcquisitionsConnected Vehicle

Sumeru Equity Partners (SEP) acquired a majority stake in Azuga

Azuga, a provider of connected vehicle and fleet technologies has announced that Sumeru Equity Partners (SEP) acquired a majority stake in the company and made a significant strategic investment to accelerate its growth and product innovation strategy.

SEP acquired the company in partnership with existing shareholders. The company was founded in 2012 and provides connected vehicle, fleet and telematics software and solutions for commercial fleets, government agencies, insurance companies and automotive industry suppliers with its breakthrough platforms deployed to approximately 3,000 customers.

Using a disruptive driver-centric and analytics backed approach, Azuga has provided the industry with a platform that enables customers to turn data about vehicle usage and driver behavior into intelligence that improves operations and safety while also reducing costs and risk for fleet operators.

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