BlackBern Partners Acquires TMS Software Vendor Cadec Global

NEW YORK– Aug. 25, 2011 – Investment firm BlackBern Partners announced

today that it has acquired Cadec Global, a provider of advanced fleet

management solutions. A privately held company, Cadec was formerly owned by

Brú Venture Capital. The transaction was completed on Aug. 11.

 

Cadec, based in Manchester, N.H., is known for helping customers improve

fleet efficiency and safety by automatically monitoring driver behavior and

vehicle information and providing actionable information to fleet managers.

Cadec also helps customers extend their supply chain into truck cabs by

providing mobile solutions that enable drivers to collect and track delivery

details in real time.

 

BlackBern Partners was founded in 2010 to invest in operating companies with

proven business models and differentiated products. Firm principals Ian Black

and Jon Bernstein have extensive experience in private and concentrated public

market investing as well as operating experience. The two are hands-on

investors who will lead delivery of Cadec solutions to new and existing

customers in the growing transportation management sector.

 

 

“Cadec has built a strong reputation for innovation since its founding in

1976,” said Bernstein. “The company has all the right ingredients for success:

a superior product; a large, loyal customer base; talented employees with

extensive industry expertise; and a growing market. We’re investing in growing

the business, and excited about moving it forward and delivering on the

commitments Cadec has made to its customers.”

 

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