FOR IMMEDIATE RELEASE
PALATINE, IL – 31 July 2017 – MVTRAC, a leading provider of license plate recognition (LPR) software and data solutions for auto financing and asset recovery agencies, announced the closing of a growth recapitalization of the company with Bison Capital Asset Management, LLC (“Bison Capital”).
MVTRAC’s patented LPR solutions allow its customers to achieve significant improvements in productivity and efficiency and enhance compliance. Bison Capital’s investment will allow MVTRAC to accelerate its growth by expanding its sales and client service resources to enhance its technology suite and pursue acquisitions.
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