BOSTON--(BUSINESS WIRE)--Motus, the definitive leader in reimbursement solutions for the mobile workforce, today announced that Dipesh Patel has been appointed the company’s Vice President of Mergers & Acquisitions. In his role, Patel will be responsible for further developing and executing the company’s M&A strategy, delivering incremental value to Motus customers and accelerating the company’s growth through expansion into adjacent product and market segments.
“Dipesh has an impressive track record of identifying opportunities and closing deals that create material value for end-users while growing the bottom line,” said Todd Gebski, Chief Strategy and Marketing Officer at Motus. “As workforce trends continue to evolve, there is a tremendous opportunity in the market to identify areas where we can complement and enhance Motus’ market-leading reimbursement solutions. Our approach to M&A will be aggressive and programmatic, and we’re confident that Dipesh is the ideal executive to lead these efforts.”
Patel brings more than a decade of M&A experience, including private equity-backed and public-company corporate development, investment banking, and growth equity investing. Most recently, Patel was at Insurity, a portfolio company of GI Partners and a leading provider of cloud-based enterprise software for insurance markets.
At Insurity, Patel was an integral part of the team responsible for the execution of seven transactions over the course of 18 months, including leading the largest acquisitions in the company’s history. Prior to Insurity, Patel was part of the M&A group of Eurofins, a $7B+ revenue public company that has acquired more than 60 businesses over the last two years. Previously, Patel was an investment banker at SunTrust Robinson Humphrey and also part of the growth equity investment team at Piper Jaffray Merchant Banking.
“The ongoing workforce evolution has accelerated the need for frictionless reimbursement for the business use of personal assets,” said Patel. “Motus is extremely well-positioned to fulfill this need while also being in a unique position to provide adjacent solutions to help mobile and remote workers streamline their day-to-day work. The growing market opportunity in front of Motus combined with its seasoned leadership team and partnership with Thoma Bravo and Permira made this a very compelling opportunity. We will remain creative and aggressive in our pursuit of deals and strategic partnerships that enhance the value of our products, and I’m excited to playing a significant role in the next chapter of Motus’ growth.”
To learn more about Motus and its solutions, please visit: https://www.motus.com/solutions/
About Motus
Motus is the definitive expert in anywhere workforce solutions. Its platform and proprietary software simplify the reimbursement and management of vehicle, device, work and living 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.
