Radius Payment Solutions Acquires Modus

May 27, 2021

Radius Payment Solutions has acquired Modus, a Huntington Beach, California–based insuretech and telematics provider, to strengthen its connected vehicle and insurance-linked app capabilities in North America. The deal brings Modus' app-only tracking technology and team into Radius' global telematics portfolio; Stephens Inc. acted as exclusive financial advisor to Radius.

Buyers
Radius Payment Solutions
Targets
Modus
Location
California, United States
Transaction Type
Buyout

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