Thursday, November 17, 2011

DriveCam Raises $85M, Acquires Firm

San Diego-based DriveCam, a provider of video-based products used for monitoring driver safety, announced today that it has raised $85M in a funding from a private equity firm, and also acquired a company, RAIR Technologies. The funding came from Welsh, Carson, Anderson & Stowe XI, L.P. DriveCam said the funding wlil go towards the acquisition of RAIR Technologies, which provides regulatory compliance products for DOT-regulated fleet operators. DriveCam said it was advised by Barclays Capital on the acquisition. More information »

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