The Technology team advised TrueMotion in its acquisition by Cambridge Mobile Telematics. The transaction, which closed on June 16, unites the two leading companies in the rapidly growing mobile telematics industry. CMT will now provide telematics services to 21 out of the 25 largest auto insurers in the United States, and across more than 20 countries, including Canada, the United Kingdom, Germany, South Africa, Japan, and Australia. Goodwin has represented TrueMotion from inception in 2012 at the Harvard iLab.
Based in Boston with offices in Budapest, TrueMotion, backed by investors General Catalyst, Bain Capital Ventures, Declaration Partners and Ten Coves Capital, provides a leading smartphone driving data platform. Powered by machine learning, the platform determines when a person is driving, reveals their behaviors behind the wheel, and detects crashes. Insurers, automakers, app developers, telcos, and fleets use TrueMotion data to fuel their pricing, claims, safety, acquisition, and retention programs.
The Goodwin team was led by Dave Cappillo and Brian McNeil and included Brian Mulhall, Peter Rodas, Samuel Weiss, Janet Andolina, Benjamin Gossels, Sarah Bock, Crescent Moran Chasteen, Andre Amorim, Leslie Nash, Paul Jin, Kara Kuritz, Whitney Williams, Steve Charkoudian, Robert Crawford, Tina Zakhary, Timothy Holahan, Ana Victoria Alvarado, Jacqueline Klosek, Alex Intile, Paul Thompson, Ai Tajima and Cecelia Lockner.