Deal Announcements

DriveCam Collects $85 Million For Acquisition

Monday, November 21, 2011 5:36:00 AM PDT | VentureDeal Staff

   San Diego, California  --  Information technology company DriveCam has secured $85 million in new financing, according to a company statement.

DriveCam sells driver information systems that identify and improve unsafe driving behavior for commercial fleet operators.

Welsh Carson Anderson & Stowe made the investment, which the company said would be used to fund the acquisition of RAIR technologies.

RAIR is a provider of regulatory compliance solutions for DOT-regulated fleets.

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