Rubicon Announces Sale of Fleet Technology Business Unit and Issuance of Preferred Equity
An independent special committee of Rubicon’s Board of Directors and Rubicon’s Board of Directors have approved the transactions.
- An independent special committee of Rubicon’s Board of Directors and Rubicon’s Board of Directors have approved the transactions.
- Importantly, it marks a return to Rubicon’s core principles, a business centered on a customer-focused approach that has been instrumental in the Company’s growth from the outset.
- The fleet technology business unit will now operate as a private software company under a new name, which will be announced soon.
- “We are thrilled to begin operating as an independent software company,” said Conor Riffle, Senior Vice President of Smart Cities at Rubicon.