LONDON, May 29 /PRNewswire/ --
- McMonigall Backs Journey Dynamics' Traffic Intelligence Technology With Private Investment
Journey Dynamics (http://www.journeydynamics.com) a privately-owned provider of traffic intelligence, today announces that John McMonigall has joined its board of directors as a non-executive director following a private financial investment in the company. McMonigall, a partner of UK-based private equity and venture capital firm Apax Partners, will bring his extensive operational and investment experience to the company.
The Journey Dynamics traffic intelligence model produces highly accurate traffic speed forecasting derived from its proprietary traffic modelling technology. Journey Dynamics sells its traffic speed forecasting products to organisations building the next generation of smarter navigation routing applications where a significantly greater degree of accuracy will offer competitive differentiation.
John McMonigall comments, "Journey Dynamics' technology will offer a host of opportunities to application developers, device manufacturers and technology partners and I am therefore delighted to be joining the board of this fast growing company. I am very pleased to be making an investment to aid their future success and expansion across Europe."
John Holland, CEO of Journey Dynamics, comments, "The board of directors welcome John McMonigall and look forward to benefiting from his wealth of technology experience to support the growth of Journey Dynamics."
McMonigall joined Apax Partners in 1990 and his previous investments, which have now been realised by Apax, include Autonomy, Dialog Semiconductor, Esprit Telecom, HTEC, Imminus, Xpedite Systems, Telefficiency, TelDaFax, Teles and Jazztel. He also has prior experience running the European operations of Sperry, as a director of STC Telecommunications, and as a managing director of BT.
PHOTOGRAPHY OF JOHN McMONIGALL AND JOHN HOLLAND IS AVAILABLE
About Journey Dynamics
Journey Dynamics is a privately-owned provider of traffic intelligence - traffic speed forecasts with the greatest accuracy and highest levels of confidence across the entire road infrastructure, for all vehicle types, using its proprietary traffic modelling technology. By combining this intelligence with real-time traffic analysis our customers are delivering the next generation of smarter, dynamic traffic-enabled applications.
For further information, please contact: Richard Botley John Holland CEO The itpr Partnership Journey Dynamics t. +44(0)1932-578-800 t. +44(0)1306-731709 http://www.itpr.co.uk http://www.journeydynamics.com email@example.com firstname.lastname@example.org
For further information, please contact: Richard Botley, The itpr Partnership, t. +44(0)1932-578-800, email@example.com; John Holland, CEO, Journey Dynamics, t. +44(0)1306-731709, firstname.lastname@example.org