Safety21 provides public entities with end-to-end traffic monitoring software solutions based on the proprietary cloud platform TITAN. The system manages large amounts of data daily, used to monitor and manage road safety, traffic control and CO2 reduction, and allows municipalities to implement a policy strongly oriented towards Smart Mobility. Safety21 monitors over 200 million transits and offers fully automated and technology-enabled services to more than 300 public entities, making it the market leader in Italy and is primed for international growth.
Gianluca Longo, Founder and CEO of Safety21, commented: “The acquisition by Bregal represents the next stage in the journey of Safety21 on the road to becoming the leader software for Smart Road and Smart City. The transaction is a strong endorsement of our product innovation and outstanding team. We are delighted to partner with Bregal to expand abroad, replicating the Italian model. Today, road safety combined with the pressing need for Smart Mobility and the reduction of emissions is a fundamental development pillar for any community.”
Sven Raeymaekers, Partner, and Alessandro Casartelli, Executive Director at GP Bullhound, commented: “We are thrilled to have advised Safety21 and its shareholders on this transaction. The company’s cloud road safety management platform is truly best in class and a unique example of how innovative technologies can create a positive impact for all stakeholders.”
The transaction represents a milestone in the Italian market, following the sale of Grupo Detector to Viasat, and is further testament to GP Bullhound’s expertise in software with more than 23 deals completed in the sector in the last year.
For enquiries, please contact:
Sven Raeymaekers, Partner, [email protected]
Alessandro Casartelli, Executive Director, [email protected]
Joe Tabberer, Senior Vice President, [email protected]
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com