DRIVE Software Solutions is gearing up for the next phase of its planned global expansion with the announcement of new funding and a new Chief Executive Officer.
The fleet SaaS (software as a service) pioneer has secured funding from Swiss investment firm, VIVA Investment Partners (VIP) and has appointed Alastair Houston as Chief Executive to oversee this next growth stage.
Houston brings over 30 years’ experience in the automotive sector, most recently as managing director at Sandicliffe Motor Contracts.
Before that he was at Northgate where he held a number of executive roles, including UK Business Transformation Director and Managing Director at multiple Northgate subsidiary businesses.
He has successfully executed profitable sales growth strategies and has extensive asset management experience.
DRIVE is the creator and supplier of the DRIVE fleet management and leasing software product – a single generic cloud-based solution, underpinned by Oracle – that supports vehicle management requirements worldwide, supplying leasing companies, fleet management providers and major fleets.
It is also the company behind ODO, the SaaS solution that allows leasing brokers and franchised dealers to manage the administration, service delivery and compliance of their customers’ vehicle assets through one secure, organised application.
The ODO platform, which also runs on the Oracle Cloud and is deployed in either app, tablet or PC form, enables SME businesses to transform their purchase and control of all vehicle asset-related services.
Houston said: “The automotive sector is currently going through a period of unprecedented change, with ensuing fragmentation and confusion within the marketplace.
“The proactive delivery of these SaaS solutions through our ODO platform, coupled with cost optimisation, will enable the transformation of both businesses’ and consumers’ vehicle management from what is often a painful exercise today into a simple service usage experience.
“ODO is a simple solution to unite fleet providers, services and end-users seamlessly. We have a unique product and are thrilled to now have the financial strength and global expertise that VIP brings to the business.”
