December 7, 2009 (FinancialWire) — XATA Corp. (NASDAQ: XATA) said it has received $30 million in funding from Technology Crossover Ventures and Trident Capital, and that it has purchased Ontario Canada-based Turnpike Global Technologies for $20 million in cash and stock.

TCV is a venture capital firm focused solely on information technology, with more than $7.7 billion under management. Its investment in XATA will facilitate the acquisition of Turnpike and provide added capital to XATA. Trident Capital–a longtime XATA investor–is also participating in the new investment.

Turnpike is a PDA-based fleet operations solutions provider. According to a statement, the deal will allow XATA to continue its growth strategy by expanding XATA’s addressable market to include small and medium-size fleets in North America and key vertical markets, such as Less Than Truckload and beverage, where Turnpike’s product functionality meets specific customer needs.

With the acquisition, XATA has more than 100,000 systems deployed with over 1,400 customers across North America. The acquisition will also expand XATA’s product portfolio and expertise in the PDA market and distribution through channel partners, such as Sprint and AT&T.

XATA provides on-demand software and services for the trucking industry designed to help companies manage fleet operations and enhance driver safety.

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