Autura and Traxero Join Forces to Revolutionize Towing Management Software
17 Octubre 2024 - 6:30AM
Business Wire
Merger Will Enable Delivery of Enhanced
Customer Operations and Unmatched Innovation.
Autura, a leading provider of government towing management
software and a portfolio company of Nexa Equity, and Traxero, a
leader in private towing solutions backed by Radian Capital,
announced today the merger of the two platforms. This combination
advances the shared vision for a fully integrated towing software
platform that optimizes every stage of the tow lifecycle.
Both Autura and Traxero are recognized leaders in their
end-markets—Autura for public towing management, and Traxero for
private sector solutions. The combined platform, which will serve
over 3,000 customers and manage more than 50,000 daily tows
nationwide, will streamline customer operations for both public and
private towing operators while improving safety and efficiency for
the entire ecosystem.
The newly merged platform offers everything from towing dispatch
and impound lot management to embedded payments, lien
notifications, vehicle auctions, and fleet tracking. By uniting the
public and private towing ecosystems, the new platform will also
save time and money for operators while enhancing communication
with law enforcement and other stakeholders.
"We are thrilled to join forces with Traxero to deliver a
unified solution that will reshape the towing industry," said Ryan
Davis, CEO of Autura. "By combining our strengths, we are better
positioned to deliver groundbreaking solutions to both government
agencies and private towing companies that will set a new standard
for efficiency and customer service.”
Driving Innovation and Customer Value
Government agencies will see smoother workflows, thanks to
cutting-edge features like automated lien notifications and
embedded payments, while towing operators can expect faster
operations and fewer bottlenecks. The elimination of redundant
tasks and better communication with law enforcement will help
ensure operators spend less time on paperwork and more time
delivering high-quality service.
"By merging with Autura, we are creating a robust platform that
addresses the needs of the entire towing ecosystem, from public
agencies to private operators," said Chris Landis, CEO of Traxero.
"This merger expands our reach, accelerates product innovation, and
positions us to deliver best-in-class towing management solutions,
while continuing to provide exceptional service to our
customers."
Weil, Gotshal & Manges served as legal advisor to Autura and
Nexa Equity. Goodwin Procter served as legal advisor to Traxero and
Radian Capital.
About Autura
Autura provides towing dispatch and impound lot management
solutions to cities, counties, and states. With a focus on public
towing, Autura helps streamline operations and improve transparency
in vehicle management, keeping people safe and vehicles moving. To
learn more about Autura's commitments to safety, collaboration, and
innovation, visit www.autura.com.
About Traxero
TRAXERO provides a comprehensive suite of software purpose-built
for the towing, recovery, and roadside assistance industry.
Featuring Towing Management, Auction Management, Digital Lien
Search and Notification, GPS Tracking and Dashcams, and embedded
Credit Card Processing, TRAXERO helps towers maximize operational
efficiency and deliver a premium customer experience to unlock
their business growth potential. Learn more at www.traxero.com
About Nexa Equity
Nexa Equity is a San Francisco, California based private equity
firm that partners with founder-led, rapidly scaling SaaS companies
that address markets underserved by technology to create enduring
value for the benefit of its investors and portfolio companies. The
firm has more than $400 million in private equity capital under
management. The Nexa Equity team brings substantial investing and
operational experience to the table and helps management teams
professionalize and scale their businesses while driving long-term
sustainable growth. For more information, please visit
www.nexaequity.com.
About Radian Capital
Radian Capital is an NYC-based growth equity firm with over $1
billion of assets under management. Radian partners with strong
entrepreneurs and management teams of software, marketplace, and
tech-enabled services businesses by helping these companies
systematically accelerate growth and innovation. For more
information, please visit www.radiancapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241016585888/en/
For media inquiries: Ryan Kirby CMO, Autura rkirby@autura.com
www.autura.com