SOURCE: Decisiv, Inc.

Decisiv, Inc.

August 03, 2015 09:00 ET

Decisiv Announces Growth Equity Investment

Blue Diamond Capital, LLC Investment Enables More Rapid Growth Across Commercial Vehicles and Expansion Into Adjacent Commercial Asset Markets

GLEN ALLEN, VA--(Marketwired - August 03, 2015) - Decisiv, Inc., the leading provider of Service Relationship Management (SRM) solutions for commercial assets, announced today the closing of a growth equity investment with Blue Diamond Capital, LLC, a Raleigh, NC-based investment firm. The proceeds will be used to drive new initiatives in business development and enhance Decisiv's cloud based collaboration platform.

"Decisiv is clearly establishing our leadership position as the premier provider of SRM technology. Our unique combination of IoT for commercial assets with a cloud-based platform-as-a-service (PaaS) that incorporates asset and service event management with real-time business intelligence tools, delivers real operational and financial benefits," said Dick Hyatt, President and CEO of Decisiv. "Blue Diamond Capital's experienced leadership and hands on approach will help Decisiv manage its rapid growth in North American commercial vehicles as well as expand into adjacent commercial asset markets."

"We are excited about the opportunity to leverage our business experience and equity to help Decisiv's growth strategy," said John Hollenbach, Managing Director of Blue Diamond Capital. "We believe Decisiv is well positioned to provide their customers and their service supply chain improved operating margins, higher uptime and utilization as well as improved profitability."

In North America, Decisiv now has more than 1,200 fleets with 450,000 assets plus connections with more 3,000 service provider locations. The growth equity investment by Blue Diamond Capital will be used by Decisiv to further enhance the product offerings as well as expand its ecosystem partnerships and asset base by attracting new light-, medium- and heavy-duty OEMs, service networks, technology partners, managed maintenance providers as well as fleets.

About Blue Diamond Capital, LLC
Blue Diamond Capital, LLC is a Raleigh, NC based investment firm actively investing in proven lower to middle-market companies ranging from $2 million to $200 million in revenue. With more than 100 years of collective experience in managing and operating businesses, Blue Diamond's partners focus on family-owned, founder owned or privately held companies seeking a transition, are needing capital to expand or are poised to achieve a leading position in supporting the life science, advance technology or industrial related industries. For additional information, visit www.bluediamondcat.com.

About Decisiv, Inc.

Founded in 2001 and based in Glen Allen, Virginia, Decisiv is the world’s leading provider of Service Relationship Management (SRM) solutions for commercial assets in trucking and transportation, coach, construction, power generation, and other on- and off-highway, heavy-duty equipment markets. Decisiv’s cloud-based software, mobile applications and services enable enterprises, government entities, leasing and rental companies and service providers to more effectively manage, monitor and report on service and repair event interactions independent of asset type, service provider or device. In the North American market, 1,200 fleets with 450,000 assets and more than 3,000 service providers and thousands of roadside service and tow providers are using the Decisiv SRM platform to perform more than 350,000 inspections and manage over 1.7 million service events per year. For additional information, visit www.decisiv.com.