Cambridge Mobile Telematics’ Acquisition of TrueMotion

Goodwin Procter LLP advised TrueMotion on the deal.

TrueMotion announced its acquisition by Cambridge Mobile Telematics. The transaction, which closed on June 16, unites the two leading companies in the rapidly growing mobile telematics industry. CMT will now provide telematics services to 21 out of the 25 largest auto insurers in the United States, and across more than 20 countries, including Canada, the United Kingdom, Germany, South Africa, Japan, and Australia.  

Based in Boston with offices in Budapest, TrueMotion, backed by investors General Catalyst, Bain Capital Ventures, Declaration Partners and Ten Coves Capital, provides a leading smartphone driving data platform. Powered by machine learning, the platform determines when a person is driving, reveals their behaviors behind the wheel, and detects crashes. Insurers, automakers, app developers, telcos, and fleets use TrueMotion data to fuel their pricing, claims, safety, acquisition, and retention programs.

The Goodwin team was led by Dave Cappillo (Picture) and Brian McNeil and included Brian Mulhall, Peter Rodas, Christine Jeong, Samuel Weiss, Janet Andolina, Benjamin Gossels, Sarah Bock, Crescent Moran Chasteen, Andre Amorim, Leslie Nash, Paul Jin, Kara Kuritz, Whitney Williams, Steve Charkoudian, Robert Crawford, Tina Zakhary, Timothy Holahan, Ana Victoria Alvarado, Jacqueline Klosek, Alex Intile, Paul Thompson, Ai Tajima and Cecelia Lockner.

 

 

Involved fees earner: Ana Victoria Alvarado – Goodwin Procter; Andre Amorim – Goodwin Procter; Janet Andolina – Goodwin Procter; Sarah Bock – Goodwin Procter; David Cappillo – Goodwin Procter; Stephen Charkoudian – Goodwin Procter; Crescent Moran Chasteen – Goodwin Procter; Robert Crawford – Goodwin Procter; Benjamin Gossels – Goodwin Procter; Timothy Holahan – Goodwin Procter; Alex Intile – Goodwin Procter; Christine Jeong – Goodwin Procter; Paul Jin – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Kara Kuritz – Goodwin Procter; Cecelia Lockner – Goodwin Procter; Brian McNeil – Goodwin Procter; Brian Mulhall – Goodwin Procter; Peter Rodas – Goodwin Procter; Ai Tajima – Goodwin Procter; Paul Thompson – Goodwin Procter; Samuel Weiss – Goodwin Procter; Whitney Williams – Goodwin Procter; Tina Zakhary – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: TrueMotion;

Author: Martina Bellini