NEWS & EVENTS

DriveCam Closes $19 Million in Capital Financing Following Breakout Year

Aug 10/2009 PRESS RELEASE

SAN DIEGO – August 11, 2009 – DriveCam Inc., a global Driver Risk Management (DRM) company, announced today it has secured $19 million in Series D capital financing. Led by new investor Triangle Peak Partners, the financing includes full participation by existing investors Menlo Ventures, JMI Equity, Insight Venture Partners and Integral Capital Partners. This round comes on the heels of a breakout year for DriveCam, marked by exceptional year-over-year revenue growth, an 85% increase in the size of its client base, and positive cash flow for the first time in the company’s history.

“We thoroughly examined all major transportation sectors (including energy and utility fleets) and found DriveCam to be the dominant player in its field. Combining deep experience and unparalleled expertise in driver risk management, we have great confidence DriveCam will continue to build an exceptional, leading company in its markets.” commented Mike Morgan, Chairman and CEO of Triangle Peak. “DriveCam is on the cusp of bringing their unique video technology, data analytics and industry expertise to every enterprise fleet in the world.” Mike Morgan is the former president of the Kinder Morgan energy companies and has joined DriveCam’s Board of Directors.

Doug Carlisle Managing Director of Menlo Ventures, commented, “We were one of DriveCam’s first investors and we continue to believe strongly in its value proposition. Menlo always wants to work with companies, like DriveCam, who are leaders in their markets. By exceeding its operating plan, DriveCam’s performance has, once again, proved that strong companies get stronger in tough economies, while weaker ones fade.”

“It’s exciting to be recognized by leaders in the investment community for our hard work and success,” remarked Brandon Nixon, DriveCam CEO. “Despite overall economic conditions, the first half of 2009 has been exhilarating. We will use the investment capital to accelerate our growth and continue to invest in innovative technology and solutions that bring value to our clients,” said Nixon.

About Triangle Peak Partners

Triangle Peak Partners, LP is an investment firm focused on venture capital and private equity investments in private and public companies in the technology, energy, and alternative energy sectors. The firm has over $300 million in assets under management, $165 million of which is in venture capital and private equity, and has offices in Carmel, Palo Alto and Houston. For more information, visit www. trianglepeakpartners.com/.

About the Investors

Menlo Ventures is one of the largest technology venture funds; it employs a strategy that has worked for over 30 years, resulting in one of the most successful and respected venture capital firms in Silicon Valley. JMI Equity is a private equity firm focused on investing in growing software, internet, healthcare and business service companies. JMI has invested in more than 90 leading businesses in its targeted markets.

With over $3 billion raised since its founding in 1995, Insight Venture Partners is a leading private equity and venture capital firm. It is one of the fastest growing investors in its target markets – global software, internet and data services industries. Integral Capital Partners operates a family of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries.

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