The Lancer Group places Eric Palmer as CFO of Lytx, leading provider of video-based driver safety and fleet management solutions. Lytx is backed by leading private equity firm, GTCR
SAN DIEGO, CA – The Lancer Group places Eric Palmer as Chief Financial Officer of Lytx, San Diego-based leading provider of video telematics that help commercial and public sector fleets improve driver behavior and reduce collisions and collision-related expenses. Lytx is backed by Chicago-based private equity firm, GTCR.
Eric bring to Lytx over 20 years of deep and broad experience in financial leadership for technology companies, both in emerging and established stages of development. He most recently served as CFO, Life Sciences for Dassault Systèmes, a $2.9B software development and distribution company where he led the acquisition of NASDAQ-traded Accelrys, which merged with Dassault Life Sciences to become Biovia, a $280M stand-alone business.
Eric initially came into Dassault Systèmes in 2012 via the acquisition of GEMCOM, a company held by private equity firms Carlyle, and JMI Equity. Prior to GEMCOM, Eric held various senior financial leadership roles at Nu Flow Technologies, Subex Azure, Syndesis and MKS with an emphasis on building operational strength and scale. He began his career at KPMG, where he worked in the audit, tax, and management consulting divisions.
About The Lancer Group
The Lancer Group is a leading retained executive search firm that is trusted by private equity firms, their portfolio companies and public corporations to deliver high-impact leaders. The firm specializes in board-driven search mandates including CEOs, CFOs, C-suite executives and board directors as well as private equity investment professionals and operating partners. The Lancer Group has provided strategic counsel to clients across a range of industries and has particular expertise in technology, industrial, energy, healthcare and consumer markets.
With relationships at over 50 of the top 100 private equity firms, The Lancer Group provides a range of pre-deal private equity advisory services beyond traditional executive search. These services include deal origination, diligence support and introductions to “backable” executives.
Founded in 1998, The Lancer Group is privately held and operates from offices across North America and Australia (www.thelancergroup.com).
Lytx, Inc. develops video-based driver safety and fleet management solutions.
The company offers DriveCam that identifies, prioritizes, and corrects the causes of poor driving to set standards for driver safety needs; RAIR web-based suite of compliance services that helps carriers manage CSA, hours-of-service, driver vehicle inspection report, and driver qualification aspects; a fleet tracking solution; and a fuel management solution.
The company provides its solutions to trucking and transportation organizations, and their drivers; and the construction, distribution, government, transit, utility, waste and environmental, and commercial markets. It serves customers in the United States and internationally.
The company was formerly known as DriveCam, Inc. and changed its name to Lytx, Inc. in November 2013. It was founded in 1998 and is based in San Diego, California.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries.
The Chicago-based firm pioneered The Leaders StrategyTM—finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $12 billion in over 200 companies.
(858) 551-1001 Ext. 2860
(858) 551-1001 Ext. 2868
(858) 551-1001 Ext. 2874