Autura and Traxero Join Forces
Autura press release:
Autura, a leading provider of government towing management software and a portfolio company of Nexa Equity, and Traxero, a leader in private towing solutions backed by Radian Capital, announced today the merger of the two platforms. This combination advances the shared vision for a fully integrated towing software platform that optimizes every stage of the tow lifecycle.
Both Autura and Traxero are recognized leaders in their end-markets—Autura for public towing management, and Traxero for private sector solutions. The combined platform, which will serve over 3,000 customers and manage more than 50,000 daily tows nationwide, will streamline customer operations for both public and private towing operators while improving safety and efficiency for the entire ecosystem.
The newly merged platform offers everything from towing dispatch and impound lot management to embedded payments, lien notifications, vehicle auctions, and fleet tracking. By uniting the public and private towing ecosystems, the new platform will also save time and money for operators while enhancing communication with law enforcement and other stakeholders.
“We are thrilled to join forces with Traxero to deliver a unified solution that will reshape the towing industry,” said Ryan Davis, CEO of Autura. “By combining our strengths, we are better positioned to deliver groundbreaking solutions to both government agencies and private towing companies that will set a new standard for efficiency and customer service.”
Government agencies will see smoother workflows, thanks to cutting-edge features like automated lien notifications and embedded payments, while towing operators can expect faster operations and fewer bottlenecks. The elimination of redundant tasks and better communication with law enforcement will help ensure operators spend less time on paperwork and more time delivering high-quality service.
“By merging with Autura, we are creating a robust platform that addresses the needs of the entire towing ecosystem, from public agencies to private operators,” said Chris Landis, CEO of Traxero. “This merger expands our reach, accelerates product innovation, and positions us to deliver best-in-class towing management solutions, while continuing to provide exceptional service to our customers.”
Weil, Gotshal & Manges served as legal advisor to Autura and Nexa Equity. Goodwin Procter served as legal advisor to Traxero and Radian Capital.