Click here to learn more about Ctrack.<\/a><\/strong><\/li>\n<\/ul>\n\n\n\nOperating across Africa, the UK, Europe and Australia, Ctrack\u2019s Crystal platform provides predictive insights to industries ranging from logistics and construction to government and insurance markets.<\/p>\n\n\n\n
With 40 years of innovation in delivering data-driven technology, Ctrack helps businesses move beyond visibility into foresight, transforming data into actionable intelligence that drives efficiency, safety and growth.<\/p>\n\n\n\n
The Sanari and 27four investment builds on Ctrack\u2019s strategic acquisition of Inseego\u2019s international telematics business last year.<\/p>\n\n\n\n
Global expansion for Ctrack<\/h2>\n\n\n\n
That transaction, which was supported with a follow-on investment by Convergence Partners, consolidated Ctrack\u2019s global footprint and expanded its presence in key international markets.<\/p>\n\n\n\n
The new investment will further accelerate this global expansion and support innovation on Ctrack\u2019s unified technology platform.<\/p>\n\n\n\n
\u201cThis investment comes at a pivotal inflection point for Ctrack,\u201d said Ofentse Pelle, Partner at Sanari Capital, who led the transaction.<\/strong><\/p>\n\n\n\n\u201cThe business is already well established as a global leader, but continues to show ambition for further growth. We are backing a management team with an impressive track record and a clear conviction to building a business with an enduring impact.\u201d<\/p>\n\n\n\n
Sanari portfolio diversification<\/h2>\n\n\n\n
The transaction brings an important new layer of diversification to Sanari\u2019s portfolio, adding an investment of significant scale and maturity to complement the fund\u2019s growth equity, rollout and buy-and-build strategies.<\/p>\n\n\n\n
Pelle said: \u201cCtrack complements our other investments in education, industrial technology, fintech and energy.\u201d<\/p>\n\n\n\n
\u201cSanari funds both organic and acquisitive growth strategies, seeking expansion across regions \u2013 this investment epitomises that strategy.\u201d<\/p>\n\n\n\n
He added: \u201cAfrica has some of the toughest operating conditions for fleets \u2013 infrastructure, cross-border logistics, rural connectivity and security challenges. Telematics solutions developed here are among the best in the world and highly adaptable globally.\u201d<\/p>\n\n\n\n
Rory Ord, Head of Private Markets at 27four, commented:<\/strong> \u201cCtrack has established a strong foundation and the capability to drive further growth by harnessing advanced technology and deep expertise to address the evolving needs of fleet operators on a worldwide scale.\u201d<\/p>\n\n\n\n\u201c27four is enthusiastic about partnering with Ctrack to support and accelerate its next phase of expansion and innovation.\u201d<\/p>\n\n\n\n
Unlocking potential through investment<\/h2>\n\n\n\n
Ctrack CEO Hein Jordt<\/strong> said: \u201cSanari Capital and 27four\u2019s investment is a strong endorsement of Ctrack\u2019s continuous growth journey and our position as a global player.\u201d<\/p>\n\n\n\n\u201cWith Convergence Partners\u2019 continued support and Sanari and 27four joining us as equity partners, we are accelerating our ability to deliver on our promise of giving businesses the power to predict.\u201d<\/p>\n\n\n\n
Jordt added: \u201cSanari Capital brings a strong focus on unlocking both human and digital potential through its investment, aligned with our values and strategy.\u201d<\/p>\n\n\n\n
\u201cIt has been a pleasure working with the Sanari Capital and 27four teams throughout this process, and we look forward to building on this partnership.\u201d<\/p>\n\n\n\n
Convergence Partners welcomed the new investors.<\/p>\n\n\n\n
\u201cWe are delighted to welcome Sanari and 27four as equity partners, both of whom are parties we have worked well with in the past,\u201d said Brandon Doyle, CEO and Founding Partner, Convergence Partners.<\/strong><\/p>\n\n\n\n\u201cThis investment validates our conviction in Ctrack\u2019s global potential and strengthens the shareholder base behind Ctrack\u2019s next phase of innovation and global growth.\u201d<\/p>\n\n\n\n
\u201cConvergence Partners remains committed to supporting Ctrack\u2019s journey as they continue to lead innovation in global telematics,\u201d said Doyle.<\/p>\n\n\n\n
Samantha Pokroy, founder and CEO of Sanari Capital,<\/strong> said the deal \u201cillustrates the essence of what Sanari is about: tapping growth that does not rely on economic growth alone, harnessing key sectoral growth drivers and applying our active investment approach\u201d.<\/p>\n\n\n\n\u201cThe business\u2019s strategy fits well with Sanari\u2019s 3S investment philosophy \u2013 building businesses that are Sustainable, Scalable and Saleable,\u201d said Pokroy.<\/p>\n\n\n\n
\u201cCtrack\u2019s solutions are already shaping the future of fleet management globally, and we are proud to walk alongside them as they write the next chapter.\u201d<\/p>\n\n\n\n
Click here to learn more about Ctrack.<\/a><\/strong><\/p>\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
The transaction marks a significant milestone for both Sanari and Ctrack, signalling the next phase of scale, growth and innovation for their respective businesses. <\/p>\n","protected":false},"author":57,"featured_media":837951,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[3380,23633],"class_list":["post-837947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-ctrack","tag-sanari-capital"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=837947"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837947\/revisions"}],"predecessor-version":[{"id":841146,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837947\/revisions\/841146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/837951"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=837947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=837947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=837947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}