XATA Raises $30 Million, Buys Turnpike Global

XATA Corp. (Nasdaq: Xata) , a Minneapolis-based provider of fleet management solutions to the truck transportation industry, has raised $30 million in PIPE funding from Technology Crossover Ventures and existing shareholder Trident Capital. The company also announced that it has paid $20 million in cash and stock to acquire Ontario-based Turnpike Global Technologies, a provider of PDA-based fleet operations solutions.

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