Motus Extends Reach with Strategic Acquisition of Everlance
Acquisition expands Motus' capabilities to optimize spend, mitigate risk, and increase productivity for companies of all sizes, from the largest enterprises to sole proprietors
Founded in 2015 by
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 a top-rated 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
"Motus and Everlance have an incredible opportunity to help organizations of all sizes reimagine reimbursement solutions for employees who actively drive for work," said
Motus is a portfolio company of leading private equity firms Permira and
About Everlance
Everlance is a top-rated mileage and expense tracking app designed to help self-employed individuals and businesses save money and time. With over 4 million users, Everlance offers an automatic, accurate, and easy-to-use solution for tracking miles and expenses, ensuring users maximize their tax deductions and take-home pay.
About Motus
Motus is the definitive expert in mobile workforce solutions. Its platform simplifies the reimbursement and management of vehicle and device costs through personalized calculations. Powered by an unmatched pool of data, refined over more than 80 years, and updated in real time, Motus is the platform of choice for top Fortune 500 companies and organizations committed to workplace agility. Motus automotive data, captured and analyzed across the world's largest retained pool of drivers, also underpins the annual Internal Revenue Service (IRS) business mileage standard, the amount an individual can deduct for business vehicle expenses. For more information, please visit www.motus.com or connect with us on Twitter, Facebook, Instagram or LinkedIn.
View original content:https://www.prnewswire.com/news-releases/motus-extends-reach-with-strategic-acquisition-of-everlance-302379643.html
SOURCE Motus
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