Innovative Safety Systems Ltd (ISS)
Vehicle safety & efficiency technology
Sector
Business services
Location
Pershore
Deal type
Management Buyout
Investment size
Undisclosed
"ISS has grown significantly over recent years, driven by a number of ambitious innovations, delivering value enhancing solutions for our customers. As we seek to further develop pioneering new software projects that will provide fleet operators with a genuinely differential level of information and visibility, common across their whole fleet, the need for investment and a partner that could support our aspirations was critical. The partnership with YFM will support and accelerate these plans, along with providing additional and ongoing investment into our market leading aftersales service. One of the key drivers for partnering with YFM was a clear cultural fit and their appreciation of our ethos around customer excellence and the importance of ongoing innovation."
Gavin Thoday, CEO of ISS limited
The business
- A supplier and installer of vehicle safety systems (CCTV, DVR, reversing radars etc) into the commercial vehicle market, with a primary focus on the waste collection market
- Products include reverse camera systems, vehicle CCTV, hard disk recording (DVR), Cyclear®, Reaclear, reversing radar and vehicle tracking systems
- Founded in 2009 by CEO Gavin Thoday and has grown rapidly in recent years off the back of new product development, new wins and growth in existing customers
The strategy
- Maintain and grow market leading position in waste sector through continued innovation, further penetration in existing customers with existing and new products
- Sell into targeted new vehicle segments with similar requirements, such as bus & coach, construction and expand into new geographies