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
- Industry
- Telecommunications
- Location
- California, United States
- Transaction Type
- Buyout
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