Friday, March 21, 2014

ITS Compliance Receives $5.75 Million in Growth Equity Investment (ITS Compliance Press Release)

SUN PRAIRIE, WI - March 17, 2014 – ITS Compliance Inc., an outsourced provider of compliance, safety, and asset management services for truck fleets, today announced it received an aggregate investment of $5.75 million from Argentum and First Analysis, leading private equity growth investors. The investment will support ITS’s continued growth by enabling the company to broaden its services offerings, enhance its software platform, and expand its infrastructure.
ITS’s technology-enabled solutions, including fuel tax reporting, safety services, and asset management, help private fleets, for-hire carriers, and third-party logistics companies comply with federal, state, and local regulations, reduce costs, and mitigate risks. Since 1983, ITS has delivered compliance services to hundreds of fleets across numerous industries.
“We are very pleased to partner with Argentum and First Analysis and welcome their involvement with ITS, given their expertise, contacts, and investing experience in the logistics and transportation services space and with technology-enabled service companies,” said Jim Matras, ITS’s founder and CEO. “This transaction will enable us to strengthen our capabilities and invest in infrastructure, which will allow us to better serve our existing customers and pursue exciting new growth opportunities.”
Dixie Burbank, ITS’s Chief Operating Officer, added, “This capital will enable us to deliver new features  and modules to our clients and enable us to continue to increase the ROI our clients realize from using our services.”
Blogger's Note: Glad to have this growing company located in Downtown Sun Prairie!

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