Azuga, Inc.
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Azuga, Inc. - overview
Established
2012
Location
San Jose, CA, US
Primary Industry
Software
About
Based in California, US, Azuga, Inc. is a vehicle and fleet management technology company founded in 2012 by Ananth Rani (CEO) alongside the company's parent company, Danlaw, Inc. The company was formed using telematics technology and was formed to improve fleet efficiency, safety, and cost-effectiveness. In March 2018, Sumeru Equity Partners acquired a majority stake in the company, aiming to accelerate its growth and develop new products.
In September 2021, Azuga, Inc. was then acquired by Bridgestone Americas from Sumeru Equity Partners, the company's management, and Danlaw, Inc. for USD 391 million. Azuga, Inc.
provides commercial fleets, government agencies, insurance companies, and automotive industry suppliers with cloud-based end-to-end solutions including small business GPS fleet tracking, enterprise fleet management, and road usage charging programs. It works as a global connected vehicle platform that turns data from vehicles into intelligence, improving operations and safety while reducing costs and risks. In August 2021, Azuga, Inc. partnered with ServiceTrade to help commercial building service contractors, fire protection contractors, mechanical and commercial HVAC companies track the location and status of their service technicians.
Primary Industry
Software
Sub Industries
Logistics Software, Monitoring & Security Software
Website
www.azuga.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Azuga, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Azuga, Inc. | - | ||||||||
| Private Debt | Completed | Azuga, Inc. | - | ||||||||
| Secondary Buyout | Completed | Azuga, Inc. | - |
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