Kayne Partners Makes Capital Investment in Drivewyze Receives

Kayne Partners, a private equity group, has made a capital investment in Drivewyze and its sister company, Intelligent Imaging Systems – designed to support the growth of its mobile-based weigh station bypass service for the trucking industry.

The Drivewyze approach is engineered to help commercial trucking companies save time and money by allowing their trucks to bypass weigh stations based on the strength of their safety records.

Drivewyze offers advanced cloud-based software to the commercial trucking industry, including bypass services and a nation-wide fleet analytics service.

Leveraging cellular networks, the internet, and GPS, Drivewyze provides weigh station bypass services at 411 sites in 30 states (and growing), via smartphones, tablets and specialized in-cab fleet telematics devices.

Category: Capital Markets