ISAAC Instruments to Accelerate Growth with Investment from Pamlico Capital

Pamlico Capital ("Pamlico") and the management team of ISAAC Instruments inc. ("ISAAC" or the "Company") announced today that Pamlico has completed a growth investment in the Company. Co-founders Jacques DeLarochelliere, David Brillon and Jean-Sebastien Bouchard will maintain significant ownership in ISAAC and will continue to manage the growth of the Company alongside its current management team.

"ISAAC’s unique offering has positioned our Company well for future growth by providing the leading driver-centric fleet management solution to truck carriers," said Jacques DeLarochelliere. "Our team is proud of our success to date and is excited to bring in Pamlico as our first institutional equity partner. We plan to leverage their extensive experience investing in transportation technology and successful history of supporting founder-owned businesses, to accelerate our company's growth and continue our core mission of improving compliance, safety, and performance for truck fleets.”

“With the investment from Pamlico, we are confident that we can accelerate our growth and geographic reach, while also continuing to meet the needs of our clients and the market with high-quality and cutting-edge solutions,” added DeLarochelliere.

"We are incredibly excited to partner with cofounder Jacques DeLarochelliere and the rest of the ISAAC management team to help support their next phase of growth,” said Walker Simmons, Pamlico Partner. “Our investment will allow ISAAC to accelerate core product innovation and expand into new geographical markets." Christiane Felts, Pamlico Vice President added, "Jacques and the ISAAC team have built a leading driver-centric fleet management solution and have earned outstanding satisfaction scores amongst their clients in an industry where driver attraction and retention are key concerns and where compliance and road safety are crucial."

Vaquero Capital acted as advisor to ISAAC Instruments on the transaction.