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Vista Equity pays $800M for Omnitracs, targets Roadnet
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Vista Equity pays $800M for Omnitracs, targets Roadnet
The Austin, Texas-based private equity firm announced Monday it had completed its $800 million acquisition of Omnitracs Inc., the fleet management and telematics business it carved out of Qualcomm Inc. And in the same breath, Omnitracs said it had signed an agreement to buy Roadnet Technologies Inc., a Baltimore-based provider of routing and fleet management software.Qualcomm first announced the sale of Omnitracs in August, agreeing to let Vista…
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