Acquisition expands Motus’ capabilities to optimize spend, mitigate risk, and increase productivity for companies of all sizes, from the largest enterprises to sole proprietors
Motus, an industry leader in vehicle reimbursement and risk mitigation for businesses with employees that actively drive for work, announced the acquisition of Everlance, a mileage and expense tracking solution for small businesses, teams, and sole proprietors. The acquisition further strengthens Motus’ ability to provide trusted and innovative reimbursement solutions for companies of all sizes, supporting every kind of employee who drives as a part of their job.
Founded in 2015 by Alex Marlantes and Gabriel Garza, Everlance was created to empower mobile workers with easy-to-use productivity tools. The company’s self-managed vehicle reimbursement solution has helped over 4 million drivers track their miles automatically, log expenses, and maximize their take-home pay.
The complementary offerings will enable Motus to serve the broadest range of companies with solutions that range from highly tailored and integrated to self-installed and self-managed. Everlance’s origins in the consumer market bring an unmatched mobile app and employee experience, while Motus’ leading analytics and business intelligence deliver unparalleled decision support capabilities. The unique strengths of each company combine to create a product portfolio that will be able to meet customers’ needs today and in the future.
“The success of so many organizations depends on employees driving their own cars as part of their jobs,” said Phong Nguyen, CEO, Motus. “For those businesses with sales teams, merchandizers, home healthcare or a host of other critical roles—it can be a struggle to gain the visibility and control they need to optimize reimbursement spend, mitigate risks, and bolster the productivity of all those employees on the road. By joining forces, Motus and Everlance will be able to offer our customers a more robust set of mileage reimbursement, driver safety and training, and related tax and compliance solutions for every kind of employee who drives.”
“Motus and Everlance have an incredible opportunity to help organizations of all sizes reimagine reimbursement solutions for employees who actively drive for work,” said Alex Marlantes, CEO, Everlance. “I’m thrilled about the immense value that our combined teams can deliver by bringing best-in-class reimbursement solutions to the market.”
Motus is a portfolio company of leading private equity firms Permira and Thoma Bravo. For more information about today’s news, please visit: www.motus.com.
