serge deleau headquarters uk area served worldwide key people dhruv s. parekh ceo website masternaut.com masternaut is a telematics company specialising in fleet and asset management . it has featured in the sunday times tech track 100 a list of the fastest growing uk technology firms in 2007 2008 2009 2010 and 2014 . 1 in april 2011 masternaut merged with former aim listed competitor cybit and is operating under the masternaut name . the company is owned by summit partners and fleetcor following its acquisition from francisco partners in 2014 . 2 masternaut has around 200 employees based in the uk and france . product development is managed by teams based in eastern europe . masternaut withdrew from the european marketplace in 2015 . contents 1 masternaut and cybit company history 2 technology 3 external links 4 references masternaut and cybit company history edit masternaut was founded in 1965 by serge deleau in france under the name sdm . it was acquired by martin port in 1995 and entered the uk marketplace where growth was rapid . it rebranded to masternaut in 2012 . in 2013 masternaut acquired three x a mobile workforce software business from ge . 3 previously a masternaut competitor aim listed cybit led by ceo richard horsman acquired thales telematics from thales group 4 and public sector telematics specialist amatics 5 in 2007 . cybit made a further acquisition in 2008 of truck24 a german telematics logistics provider for 4 million . 6 in 2009 private equity firm francisco partners acquired cybit holdings plc in a 23 million deal taking the company private . 7 cybit also acquired oxloc a specialist non powered asset tracking devices provider that year . 8 meanwhile masternaut was on the acquisition trail signing hosting and data store company fibre city for 6 million . 9 in 2011 masternaut merged with cybit in a 100m deal to create europe s largest telematics solutions provider with a 10 000 strong customer base spread across 32 countries . 10 11 however berg insight reported that this position was lost in 2015 to tom tom as new business growth faltered . the berg report for 2016 indicates masternaut continues to lose market share to key competitors . masternaut remains the largest telematics provider in the uk and as part of the fleetcor family is one of the largest fleet suppliers in the uk covering a fleet s total cost of ownership needs . masternaut signed a partnership with telefonica in 2012 estimated to be worth 910million between 2012 2020 . 12 masternaut also has partnerships with swisscom and with many specialist fleet providers to ensure fleet managers can meet their needs in one place . in 2014 masternaut group holdings was sold by francisco partners to summit partners and fleetcor technologies for an undisclosed sum . the company appointed dhruv s. parekh as ceo of masternaut in 2015 . 13 the appointment was seen as surprising given parekh s lack of experience in telematics and the european marketplace . the launch of new fuel and maintenance modules in 2016 witnesses masternaut s efforts to regain market share in europe and drive sales growth through technical innovation whilst leveraging its fleetcor relationship . the company aims to become the google or facebook of europe driving a technology focused culture amongst staff and developing user interface and product reliability to create a mass market product . costly customer service teams are being replaced by self service portals and engineering has been outsourced to diareyes . a large scale company restructuring aims to see the company return to profitability by early 2017 as part of a long term vision to be the largest fleet telematics provider in europe . despite poor credit ratings in 2014 2016 the company has regained cash liquidity under parekh . the introduction of automatic contract rollovers has cut the rate of attrition and new contracts requiring customers to buy hardware outright and upfront has supported the rebuilding of cash reserves . technology edit masternaut s solutions use global positioning system gps technology to track a vehicle employee or asset s location and transmit performance data in real time to masternaut s data centre . customers can view the data on their own vehicles location speed and other parametres in near real time . this has a number of applications such as fleet management scheduling workforce management fixed asset management and lone worker tracking . these can be integrated with back office systems such as microsoft dynamics sage goldmine sap and oracle . external links edit masternaut.com official website . www.masternaut.be references edit fast track100 . sunday times . 2009 . retrieved 24 december 2012 . telematics provider masternaut bought by summit partners and fleetcor . fleet news . 6 june 2014 . retrieved 26 january 2015 . tracking move . fleet news . 10 october 2006 . retrieved 24 december 2012 . cybit acquires thales telematics . computer weekly . 16 february 2007 . retrieved 24 december 2012 . cybit acquires amatics . modern utility management . 1 december 2007 . retrieved 24 december 2012 . cybit acquires truck24 for total 4 mln euros . lse . april 2008 . retrieved december 24 2012 . europe news francisco clinches cybit deal . ebsco host . december 2009 . retrieved 24 december 2012 . cybit acquires oxloc . manufacturing and logistics it . 14 august 2008 . retrieved 24 december 2012 . europe news masternaut three x acquires fibrecity for 6m . telegraph . 14 february 2009 . retrieved 24 december 2012 . new tracking business formed in merger . growth business . 12 april 2011 . retrieved 24 december 2012 . chancellor backs uk grab for data analytics market . telegraph . 16 may 2011 . retrieved 24 december 2012 . need for revenue drives telco m & a . financial times . 10 september 2012 . retrieved 24 december 2012 . masternaut appoints dhruv s. parekh as chief executive officer . fleet news . 14 may 2015 . retrieved 21 october 2015 . retrieved from https 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