Isotrak has acquired UK GPS fleet tracking specialist VeriLocation for an undisclosed amount.

Lyceum Capital’s Daniel Adler.

The combined business will have in excess of 500 fleet and telematics customers over 50,000 connections in the UK and overseas and will offer a comprehensive range of fleet software solutions and professional services, integrating managed service vehicle camera systems on a single platform.

Isotrak was acquired by UK B2B services and technology investor Lyceum Capital in 2013, with Lyceum partner Daniel Adler saying of the latest deal: “VeriLocation is a software business with complementary functionality to Isotrak’s services and we are committed to identifying, acquiring and integrating businesses that provide a strong strategic fit, across all our investments. We are certain that Isotrak will continue to build on its position as a market leader in the dynamic telematics space and remain at the forefront of new product innovation.”