Vista Equity to Buy Omnitracs for $800 Mln

Qualcomm said Friday it has agreed to sell Omnitracs to Vista Equity Partners in a deal valued at $800 million. The deal includes all of Omnitracs operations in the United States, Canada and Latin America, including Sylectus and FleetRisk Advisors. The transactions is expected to close during the first quarter of Qualcomm's fiscal 2014. Barclays provided financial advice to Qualcomm. San Diego-based Omnitracs provides software applications, platforms and information services for private and fore-hire fleets.

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