PERMIRA invests in MOTUS

Motus was founded in 2004 and develops proprietary, cloud‑based software that automates reimbursement and cost management for vehicle, device and remote‑work expenses. The platform implements the IRS‑approved Fixed and Variable Rate (FAVR) methodology, enabling enterprises to calculate mileage reimbursements in compliance with federal standards. After its acquisition by Thoma Bravo in 2018, Motus merged with Runzheimer, the originator of the FAVR data set, and incorporated mileage‑rate data that underpins the annual IRS mileage standard. The combined entity delivers a suite of telematics‑driven tools, mobile applications, and analytics dashboards that capture usage data, enforce policy compliance, and generate automated payment workflows. Motus serves over 280,000 end users across a client base that includes multinational consumer goods firms, beverage producers, and restaurant chains, providing subscription‑based access to its services. Revenue is generated through recurring software licenses, usage‑based fees, and optional professional services for implementation and integration. The company operates primarily in the United States, with a sales organization that engages customers in multiple industries requiring mobile‑workforce cost control. Its business model emphasizes long‑term contracts, data‑centric product enhancements, and continuous regulatory alignment.