MOTNU - 1/3 W


Prospectus 10/16/20

24 months

Trust $10.00 - $115mm


Jim Travers, our Chairman, has over 30 years of technology industry experience successfully building high growth global software service businesses in both the private and public sectors. He has led three publicly traded companies through high growth phases. Most recently, he was Chairman and Chief Executive Officer of Fleetmatics Group PLC (NYSE: FLTX) leading the global software services company through a 10-year high growth phase which lead to a very successful IPO in 2012 and the sale of the company in 2016 to Verizon Inc. for $2.4 billion in an all-cash transaction. Between the IPO in 2012 and the announcement of Fleetmatics’ sale to Verizon in 2016, Fleetmatics’ market capitalization increased over 200% and Fleetmatics’ revenue on an LTM basis increased 165% over that same time period. Prior to Fleetmatics, Mr. Travers served as SVP of the Americas for GEAC Computer Corporation Limited (Nasdaq: GEAC), a global software company, where he was responsible for several successful acquisitions that led to significant growth for the company. GEAC was acquired by Golden Gate Capital in 2006 for $1.0 billion and eventually merged with Golden Gate Capital’s Infor unit. Prior to GEAC, Mr. Travers was Chief Executive Officer and Chief Operating Officer of Harbinger Corporation (Nasdaq: HRBC), a global e-commerce software services company. He led the company through a high growth phase and its eventual sale for approximately $1.2 billion in 2000. Prior to Harbinger he had a successful 18 year career with Texas Instruments Inc. where he held SVP level positions in sales/marketing and division general management. Today, Mr. Travers is a technology investor and board member, and he works closely with private equity sponsors, most recently working with Warburg Pincus while serving on the board of Dude Solutions, a vertical operations management software company that was successfully sold to Clearlake Capital in 2019.  He also is an investor and board member of Truce Software, a high growth Distracted Driving/Content Management software services company.

Michael Burdiek, our Chief Executive Officer and one of our directors, currently serves as a member of the Board of Directors of Five9, Inc. (Nasdaq: FIVN), a SaaS cloud-based contact center software company. From 2011 to 2020, Mr. Burdiek served as the President and Chief Executive Officer and member of the Board of Directors of CalAmp Corp. (Nasdaq: CAMP), a global provider of wireless communications solutions. From 2006 to 2011, prior to being promoted to CalAmp’s Chief Executive Officer, Mr. Burdiek held various positions of increasing responsibility, including president of CalAmp’s Wireless DataCom segment and President and Chief Operating Officer of CalAmp Corp. During Mr. Burdiek’s tenure as CalAmp’s CEO from June 2011 to March 2020, CalAmp’s market capitalization increased approximately 70% and CalAmp’s revenue on an LTM basis increased nearly 200%. Prior to joining CalAmp, Mr. Burdiek was the President and Chief Executive Officer of Telenetics Corporation, a manufacturer of data communications products. From 1987 to 2003, Michael held a variety of technical and general management positions with Comarco Inc., most recently as senior vice president and general manager of Comarco’s Wireless Test Systems unit.