2015

In April 2015, Safeguard partner company DriveFactor, Inc. was acquired by CCC Information Services for approximately $22 million, representing an approximate 2x cash-on-cash return for Safeguard.

DriveFactor’s independent telematics platform for usage based insurance (UBI) was built to accept driving data from virtually any vehicle telematics technology. During its tenure as a Safeguard partner company, DriveFactor had secured its position as a leader in UBI and grew its revenue through white-label opportunities with global partners. At the time of the acquisition, DriveFactor’s platform was live in market on three continents.