Decisiv Announces Growth Equity Investment
Decisiv, Inc., a leading provider of service relationship management (SRM) solutions for commercial assets, has announced the closing of a growth equity investment with Blue Diamond Capital, LLC, a Raleigh, NC-based investment firm.
The proceeds will be used to drive new initiatives in business development and enhance Decisiv’s cloud based collaboration platform.
“Decisiv is clearly establishing our leadership position as the premier provider of SRM technology. Our unique combination of IoT for commercial assets with a cloud-based platform-as-a-service (PaaS) that incorporates asset and service event management with real-time business intelligence tools, delivers real operational and financial benefits,” said Dick Hyatt, President and CEO of Decisiv. “Blue Diamond Capital’s experienced leadership and hands on approach will help Decisiv manage its rapid growth in North American commercial vehicles as well as expand into adjacent commercial asset markets.”
Noted John Hollenbach, Managing Director of Blue Diamond Capital, “We believe Decisiv is well positioned to provide their customers and their service supply chain improved operating margins, higher uptime and utilization as well as improved profitability.”
In North America, Decisiv now has more than 1,200 fleets with 450,000 assets plus connections with more 3,000 service provider locations.
The growth equity investment by Blue Diamond Capital will be used by Decisiv to further enhance the product offerings as well as expand its partnerships and asset base by attracting new light-, medium- and heavy-duty OEMs, service networks, technology partners, managed maintenance providers as well as fleets.
Category: Telematics
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