Motus Expands Capabilities with Everlance Acquisition

Deal News | Feb 19, 2025 | Thoma Bravo

Motus, a leader in vehicle reimbursement and risk mitigation solutions, has announced its acquisition of Everlance, a mileage and expense tracking solution designed for small businesses and sole proprietors. This acquisition is aimed at expanding Motus’ capabilities to serve a wider range of companies, from large enterprises to individual users, with innovative reimbursement solutions. Both companies share a common goal of providing simple, efficient, and cost-effective tools for tracking and managing business expenses related to employee travel. The move is strategic for Motus as it aligns with its mission to offer comprehensive solutions to businesses that depend on mobile workers, enhancing decision-making with leading analytics and business intelligence. Everlance, founded in 2015, brings a strong consumer market presence with its highly rated mobile app, which will complement Motus' existing platform. The acquisition reflects Motus' commitment to maintaining its competitive advantage by integrating Everlance’s resources and expertise to optimize reimbursement, driver safety, tax compliance, and more, for employees who are required to drive as part of their roles. Both companies are poised to offer unparalleled solutions to support productivity and cost-efficiency for their clients.

Sectors

  • Technology
  • Transportation & Logistics
  • Financial Services

Geography

  • United States – Both Motus and Everlance operate within the US market, offering services tailored to US-based businesses and consumers.

Industry

  • Technology – Both Motus and Everlance provide software solutions that involve mobile applications and SaaS platforms for vehicle and expense management.
  • Transportation & Logistics – Motus’ business model centers around vehicle reimbursement, which directly pertains to transportation and logistics for companies reliant on mobile workforces.
  • Financial Services – The focus on expense tracking and reimbursement solutions places this acquisition within the broader financial services sector as well.

Financials

  • 4 million – The number of users that Everlance has served with its mileage and expense tracking app.

Participants

NameRoleTypeDescription
MotusAcquiring CompanyCompanyAn industry leader in vehicle reimbursement and risk mitigation solutions.
EverlanceTarget CompanyCompanyA top-rated mileage and expense tracking app for self-employed individuals and small businesses.
Thoma BravoPrivate Equity FirmCompanyOne of the PE firms invested in Motus, contributing to its growth and acquisition strategies.
PermiraPrivate Equity FirmCompanyAnother PE firm backing Motus and supporting its expansion initiatives.
Alex MarlantesCEOPersonCEO of Everlance, contributing to the company's vision and market penetration.
Phong NguyenCEOPersonCEO of Motus, driving the company's strategic initiatives and market leadership.