Radius Payment Solutions Limited | Stephens

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We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

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Financial Advisor

Radius Payment Solutions Limited

Value Not Disclosed 05/21/2021 Internet of Things Complete
Financial Sponsors
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Transaction Details

  • On May 21, 2021, Radius Payment Solutions Limited ( “Radius” or the “Company”) announced that it has completed the acquisition of Modus, a leading Insuretech business based in Huntington Beach, California
  • Acquisition supports Radius’ efforts in its globally leading range of Telematics and Connected Vehicle products which includes the telematics brands Kinesis, UK Telematics, Plant-I, CanTrack, Modus, SureTrack, CyntrX, and Key Telematics
  • Terms have not been disclosed
  • Stephens Inc. served as exclusive financial advisor to Radius

About the company

Radius Telematics
Radius Telematics encompasses telematics brands Kinesis, UK Telematics, Plant-I, CanTrack, Modus, Sure-Track, CyntrX and Key Telematics. It now tracks nearly 425,000 vehicles globally. Developed from the outset as a cloud-based service, Radius Telematics represents a new generation of vehicle telematics; simple to use, affordable and with easy access anywhere. Designed as a business tool that provides complete visibility of mobile operations; Radius Telematics products monitor vehicles, high value assets and driver performance. Through a dashboard or smartphone app, solutions offer driver performance and vehicle check reporting, messaging and real-time alerts, as well as integration with fuel management and smart speakers.

Radius Telematics is part of Radius Payment Solutions. Established nearly thirty years ago, Radius offers a wide range of products to the fleet and logistics market. From a core offering of fuel cards, telematics, telecoms and insurance services and much more.

Sources: Company filings and press release
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