Clever Devices Ltd. Asset Profile

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Year established

1988

Location

Woodbury NY US

Primary Industry

Software

About

Based in New York, US, and founded in 1988, Clever Devices Ltd., previously known as Hi Ho Doorbell Company in 1980 by manufacturing digital doorbells that played music and other interesting sounds. In 1990, the company focus primarily on the transit industry. The company growing with over 600 employees in 12 locations in the United States, Canada, Brazil, and Italy. Clever Devices Ltd. develops scalable and modular intelligent transportation systems designed for different modes of public transportation, including fixed-route, bus rapid transit, paratransit, and rail for transit agencies to monitor their fleet. The company's new investment will accelerate the company's ability to invest in innovative transit technology that addresses the evolving needs of its customers and expand its footprint around the world.

Current Investors

Brown Brothers Harriman

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Primary Industry

Software

Sub Industries

Public Transit/Transportation, Systems Management Software

Website

www.cleverdevices.com

Verticals

IoT (Internet of Things)

Company Stage

Mature

Total Amount Raised

Subscriber access only

Deals

Deals Type
Recapitalisation

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)
Completed	Clever Devices Ltd.	03 Feb 2021

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