FFL partners with remote monitoring provider DataOnline
SAN FRANCISCO – April 14, 2017 – FFL Partners, a private equity firm focused on growth investments in middle market companies, today announced that it completed an investment in DataOnline, the leading global provider of M2M telemetry solutions for the monitoring of fixed and mobile remote industrial assets.
DataOnline, headquartered in New Providence, NJ, specializes in asset tracking and remote data collection via wireless devices and cloud-based software applications. The company helps businesses around the world track, monitor, and maximize utilization of industrial assets.
“We’re excited to partner with Martin Adams, Rob Barnacle, and the rest of the DataOnline team,” said Martin Carter, Operating Partner at FFL Partners. “DataOnline is the global leader in industrial gas tank monitoring and the industrial IoT space, and poised for rapid growth with customers on multiple continents.”
Greg Long, Partner at FFL Partners, said “we look forward to working with DataOnline on strategic acquisitions in both core and adjacent areas to build on the company’s stellar reputation and product offerings.”
About FFL Partners
FFL Partners is a San Francisco-based private equity firm with over $4.5 billion under management. For over fifteen years, the firm has helped build industry-leading companies, providing capital and advice to exceptional management teams to grow businesses and unlock value. FFL has deep experience in investing and operations, and has brought large-company best practices and professional networks to smaller companies. Business growth has provided over 75% of the value created by FFL for its investors. FFL invests in consumer products and services, industrial products and services, financial services, healthcare services, and business services. For additional information about FFL, please visit FFL’s website at www.fflpartners.com.
DataOnline is a leading global provider of M2M (machine-to-machine) solutions specifically for the monitoring of remote fixed and mobile industrial assets. DataOnline specializes in robust and reliable hardware, data acquisition, wireless communications and advanced web-based information management services. Our total end-to-end solutions are quick, easy and cost effective, giving you the power to continuously monitor, assess and manage your remote assets via the Internet. From supply chain logistics to water & waste water management and environmental compliance to hazardous container tracking, DataOnline has the right monitoring solution for your business application. DataOnline has offices in the US, Europe and Asia, and a global network of representative companies. With an installed base of 150,000+ devices in over 65 countries throughout the world, DataOnline ensures that it can provide solutions ‘anywhere & everywhere’. Additional information can be found at www.dataonline.com.