BOSTON--(BUSINESS WIRE)--Autura, a leading provider of government towing management software and a portfolio company of Nexa Equity, and Traxero, a leader in private towing solutions backed by Radian Capital, announced today the merger of the two platforms. This combination advances the shared vision for a fully integrated towing software platform that optimizes every stage of the tow lifecycle.
Both Autura and Traxero are recognized leaders in their end-markets—Autura for public towing management, and Traxero for private sector solutions. The combined platform, which will serve over 3,000 customers and manage more than 50,000 daily tows nationwide, will streamline customer operations for both public and private towing operators while improving safety and efficiency for the entire ecosystem.
The newly merged platform offers everything from towing dispatch and impound lot management to embedded payments, lien notifications, vehicle auctions, and fleet tracking. By uniting the public and private towing ecosystems, the new platform will also save time and money for operators while enhancing communication with law enforcement and other stakeholders.
"We are thrilled to join forces with Traxero to deliver a unified solution that will reshape the towing industry," said Ryan Davis, CEO of Autura. "By combining our strengths, we are better positioned to deliver groundbreaking solutions to both government agencies and private towing companies that will set a new standard for efficiency and customer service.”
Driving Innovation and Customer Value
Government agencies will see smoother workflows, thanks to cutting-edge features like automated lien notifications and embedded payments, while towing operators can expect faster operations and fewer bottlenecks. The elimination of redundant tasks and better communication with law enforcement will help ensure operators spend less time on paperwork and more time delivering high-quality service.
"By merging with Autura, we are creating a robust platform that addresses the needs of the entire towing ecosystem, from public agencies to private operators," said Chris Landis, CEO of Traxero. "This merger expands our reach, accelerates product innovation, and positions us to deliver best-in-class towing management solutions, while continuing to provide exceptional service to our customers."
Weil, Gotshal & Manges served as legal advisor to Autura and Nexa Equity. Goodwin Procter served as legal advisor to Traxero and Radian Capital.
About Autura
Autura provides towing dispatch and impound lot management solutions to cities, counties, and states. With a focus on public towing, Autura helps streamline operations and improve transparency in vehicle management, keeping people safe and vehicles moving. To learn more about Autura's commitments to safety, collaboration, and innovation, visit www.autura.com.
About Traxero
TRAXERO provides a comprehensive suite of software purpose-built for the towing, recovery, and roadside assistance industry. Featuring Towing Management, Auction Management, Digital Lien Search and Notification, GPS Tracking and Dashcams, and embedded Credit Card Processing, TRAXERO helps towers maximize operational efficiency and deliver a premium customer experience to unlock their business growth potential. Learn more at www.traxero.com
About Nexa Equity
Nexa Equity is a San Francisco, California based private equity firm that partners with founder-led, rapidly scaling SaaS companies that address markets underserved by technology to create enduring value for the benefit of its investors and portfolio companies. The firm has more than $400 million in private equity capital under management. The Nexa Equity team brings substantial investing and operational experience to the table and helps management teams professionalize and scale their businesses while driving long-term sustainable growth. For more information, please visit www.nexaequity.com.
About Radian Capital
Radian Capital is an NYC-based growth equity firm with over $1 billion of assets under management. Radian partners with strong entrepreneurs and management teams of software, marketplace, and tech-enabled services businesses by helping these companies systematically accelerate growth and innovation. For more information, please visit www.radiancapital.com.