Spidertracks completes equity investment with Arcadea
April 21, 2022 By Helicopters Staff
Spidertracks, one of the world’s leaders in developing technologies for aircraft tracking, fleet management, and aviation safety completed what the company describes as a significant growth equity recapitalization with Arcadea Group.
Founded in 2007, Spidertracks explains the transaction will enable sustained, strong growth and rapidly increased innovation as the company scales up to meet global demand for its suite of products.
“Our customers are facing increasingly more pressure to improve safety and operational controls in their businesses and the need for purpose built, end-to-end solutions has never been greater than it is today,” said Dave Blackwell, CEO of Spidertracks. “General Aviation has a very fragmented vendor base with lots of legacy tech suppliers and ad-hoc solutions. With impending mandates for SMS (Safety Management Systems) and a drive for digitization and productivity gains across the industry in general, operators have not been well positioned for success.
“This partnership with Arcadea Group will help accelerate Spidertracks’ vision of becoming the benchmark for aviation safety and fleet management and ultimately help our customers overcome these challenges,” continued Blackwell. “It was key for us to get the right partner on this journey and Arcadea Group were a clear winner with their long-term investment philosophy and their experience in operations, strategy and M&A.”