Private equity firm YFM has invested in Innovative Safety Systems (ISS), a commercial vehicle safety specialist.
ISS is based in the West Midlands and was founded in 2009 by CEO Gavin Thoday. It creates products that improve safety for vehicle operatives, fleet managers and the wider public. These products support an improvement in driving standards and enable fleet managers to have increased visibility over their vehicles.
The business has grown rapidly in recent years and has several new product launches in the pipeline. It employs 31 people.
Charlie Robinson, Partner at YFM, said: “We have been very impressed by Gavin and the rest of the ISS team. They have done a fantastic job in developing ISS to its current position and the business is now well-positioned to exploit growth opportunities across a number of markets with an expanding product and service portfolio, all against a backdrop of increasing importance of health and safety across all industries.”
Gavin Thoday, CEO of ISS, added: “ISS has grown significantly over recent years, driven by a number of ambitious innovations, delivering value enhancing solutions for our customers. As we seek to further develop pioneering new software projects that will provide fleet operators with a genuinely differential level of information and visibility, common across their whole fleet, the need for investment and a partner that could support our aspirations was critical. The partnership with YFM will support and accelerate these plans, along with providing additional and ongoing investment into our market leading aftersales service.”
