Cybit and Masternaut merge
April 12th 2011

Fleet management players Cybit and Masternaut have announced they will combined to form a single, pan-European telematics company.

The new organisation, which retains the Masternaut name, will have more than 500 employees supporting a 10,000-strong customer base across 32 countries.

“The telematics market is undergoing rapid consolidation. With pan-European operations and the largest development team in the industry, Masternaut offers a clear choice for customers who want industry-leading products delivered by a strategic, long-term partner,” said Bill Henry, who assumes the role of Masternaut Group CEO.

“By combining Cybit and Masternaut, we can innovate faster, increase our geographic reach, raise industry standards, and bring customers compelling opportunities for improved business performance.”

The merged firm hopes to take advantage of what it sees as an evolution of telematics from a tactical operational tool to an enterprise-wide, information management solution accessed from a single, cloud-based platform.

The firm promises savings of up to 20% on customer fleet operating costs.

The Cybit-Masternaut agreement was overseen by technology-focused private investment fund, Francisco Partners, which acquired Cybit Holdings in 2009.

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