Tracker Connect (Pty) Ltd.
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Tracker Connect (Pty) Ltd. - overview
Established
1996
Location
-, Gauteng, South Africa
Primary Industry
Software
About
Based in Randburg, South Africa, and founded in 1996, Tracker Connect (Pty) Ltd. , doing business as Tracker, is a developer and provider of vehicle tracking solutions, and services. In September 2011, a consortium led by Actis, along with RMB Ventures, Mineworkers Investment Company Pty Ltd. , and the company's management, fully acquired Tracker Connect (Pty) Ltd.
from Remgro and WesBank for USD 434 million, and in January 2019, Nedbank Private Equity acquired the firm from Actis, MIC Pty Ltd. , and RMB Ventures. As of November 2021, the company is being led by Wayne De Nobrega, as its CEO, and currently connects more than 1 million vehicles. Tracker Connect (Pty) Ltd.
provides vehicle tracking systems, Stolen Vehicle Recovery (SVR) services, and fleet management solutions, for Original Equipment Manufacturers (OEMs), dealers, fleet operators, and consumers, enabling continuous monitoring, theft prevention, and retrieval of stolen vehicles. The company also offers car and household insurance products to its customers through its business segment, Tracker Cover. Additionally, the firm provides Tracker Smart Geyser, a home automation system that allows users to operate their geyser remotely via a smartphone app.
Current Investors
Nedbank Private Equity, Actis, RMB Ventures
Primary Industry
Software
Sub Industries
Insurance, Web Applications, Monitoring & Security Software
Website
www.tracker.co.za
Verticals
InsureTech, Mobile Apps
Total Amount Raised
Subscriber access only
Tracker Connect (Pty) Ltd. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Tracker Connect (Pty) Ltd. | - | ||||||||
| Secondary Buyout | Completed | Tracker Connect (Pty) Ltd. | - | ||||||||
| Trade Sale | Completed | Tracker Connect (Pty) Ltd. | - |
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