Synovia Solutions

Synovia Solutions

GPS-powered fleet management and school bus tracking.

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DateInvestorsAmountRound
investor

€0.0

round

$50.0m

Valuation: $50.0m

Acquisition
Total Funding000k
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Synovia Solutions provides GPS-powered fleet management solutions, with a specialization in serving K-12 school districts, state governments, and local municipalities across North America. The company's core offering is a software-as-a-service (SaaS) platform that integrates real-time GPS tracking with a suite of management tools. These tools include engine diagnostics, student ridership monitoring, time and attendance, and comparative analysis reporting to help fleet operators enhance safety, improve service levels, and manage budgets effectively.

A key product is the "Here Comes the Bus" mobile application, which allows parents and caregivers to view the real-time location of their child's school bus, receive alerts for arrivals, and confirm that their child has boarded and disembarked at the correct stops. Launched in 2015, the app has been downloaded over two million times and serves hundreds of school districts. The platform's business model is primarily based on recurring subscription revenue. In 2018, Synovia generated over $28 million in SaaS revenue.

Founded in 2001 and headquartered in Indianapolis, Indiana, Synovia Solutions merged with Everyday Solutions in 2012. A significant milestone occurred in April 2019 when the company was acquired by CalAmp (Nasdaq: CAMP), a technology solutions provider, for approximately $50 million. This acquisition was aimed at expanding CalAmp's portfolio in fleet management and vehicle safety, as well as increasing its recurring revenue from software services. Following the acquisition, Synovia Solutions operates as a subsidiary of CalAmp, and its brand and products, including "Here Comes the Bus," have continued.

Keywords: fleet management, GPS tracking, school bus tracking, Here Comes The Bus, vehicle telematics, student ridership, SaaS, government fleets, municipal fleets, route optimization, driver safety, CalAmp, vehicle diagnostics, fleet safety, mobile app, K-12 transportation, asset tracking, location-based services, fleet intelligence, real-time alerts

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Investments by Synovia Solutions

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Everyday Solutions
ACQUISITION by Synovia Solutions Sep 2012