Fleetworthy Solutions, Madison, Wis., acquired TivaCloud, a Houston, Texas-based provider of SaaS compliance solutions and managed DOT compliance offerings, to enhance compliance and safety risk management solutions.
“TivaCloud offers an exciting opportunity for Fleetworthy to strengthen and expand its service offering in transportation safety and risk management, regulatory compliance and cloud-based work and collaboration,” says Mike Precia, chief executive officer of Fleetworthy Solutions. “The acquisition of TivaCloud supports our strategy to lead the market and meet the future requirements for a single platform to manage all safety and regulatory compliance issues.”
These platforms allow carrier fleets to simplify, organize and act on pertinent safety and compliance data – for both drivers and assets.
“Fleetworthy’s acquisition of TivaCloud provides a major growth opportunity for both our businesses through an extended service offering for our mutual clients. As organizations begin their transition to more efficient, cloud-based safety and regulatory compliance solutions, we will be best positioned to support them on that journey,” adds Jeffrey Stilwell, founder and CEO of TivaCloud.
With the acquisition, Fleetworthy can better assist carrier fleets and partners to ensure safety and compliance as part of its suite of offerings across North America.
In the coming months, any customer can utilize Fleetworthy’s suite of compliance tools for help in adhering to local, state and federal regulations. Fleetworthy’s Intelligent Compliance Platform will also be integrated with TivaCloud’s offerings, unlocking several opportunities such as:
- Customers will enjoy centralized and simplified compliance management with task assignment controls.
- Fleets will have access to a fully integrated driver and asset risk management platform, enabling improved oversight, easier workflows and better compliance scores.
- Carriers can deepen their relationships with drivers and locations by making safety and compliance transparency a pillar of their operational strategies.
“Through this acquisition, we’re excited to extend our footprint into new territory and to scale our Intelligent Compliance Platform to accommodate the growing need for a simplified, people-focused, compliance management SaaS-offering at the enterprise level,” says Dan Raynor, Fleetworthy chairman of the board. “TivaCloud was an obvious acquisition, as they enable a do-it-yourself flexibility and compliance transparency to our users. This will be crucial in enabling a stronger relationship with carrier fleets and partners. Their solutions are an excellent fit for market demands and there is great excitement for the increased capacity and capabilities that come with the TivaCloud acquisition.”
The expanded business will serve 650-plus private and for-hire carrier fleets across North America.