Isotrak provides tailored vehicle tracking and fleet management software to enable businesses that operate large fleets of commercial vehicles (HGVs & LGVs) to reduce costs, improve operational efficiencies, lessen environmental impact and improve customer service.
Since investment from Lyceum Capital in 2013, the firm has accelerated its ambitious expansion plans across UK and North American markets, and advanced its strong competitive position through the development of its product suite. The firm has also successfully built out from its traditional sectors of retail, food service, transportation and home delivery to attract customers from new verticals including the post and parcel sector.
To take the business forward, Lyceum approached Directorbank to source a new Chairman with a strong track record of optimising shareholder value in software and hardware businesses with international reach.
John Hawkins was appointed to the role.
John is a seasoned private equity chairman with a wealth of experience in growing tech-enabled support services businesses. His impeccable track record covers international markets from 15 years of working in Europe, the USA and Far East.
His previous Chair successes include the recent sale of Wireless Logic to CVC Capital Partners for a stellar 6.1x return on investment. During his time in office, the firm expanded internationally, developed its product range and tripled its subscriber base. Profit and revenue growth was in excess of 25% per annum. John also managed the exit of Psion through a cash sale to Motorola Solutions for a 12x EBITDA multiple, and took Anite Group from a £68m loss to £30m profit. He also maximised the exit value of Graseby plc through the sale to Smith’s Industries with a significant cash premium.