HUNTINGDON, England–(BUSINESS WIRE)–The Board of Cybit Group Holdings advises that Martin Port, Managing Director of Masternaut UK, has left the company following the successful combination of Cybit and Masternaut’s UK businesses. Masternaut UK will now be led by Steve Towe, Managing Director, Europe, reporting to Bill Henry, Masternaut Group CEO and the former chief executive of Cybit.

“On behalf of the team at the new Masternaut, I would like to sincerely thank Martin for what he has done to raise the profile of telematics and the benefits across industry and more recently for his support as we combined our two UK businesses.”

Martin Port founded the UK business in 2002 with hardware support and a licensed brand from Masternaut International based in France. On these foundations, he developed innovative software solutions that drove rapid growth of the UK business, which grew from two employees to 150, employed from Aberford, Leeds and Skipton in Yorkshire.

Masternaut became the UK’s largest B2B vehicle tracking company prior to its sale to Masternaut SAS (France) in 2010, and arguably set the benchmark for the early telematics market through his entrepreneurial business leadership and focus on customer service principles and innovation.

Martin Port commented:
“We achieved tremendous success with a fantastic team of people and built a customer base to be envied by the competition. Under the new owners, the business can now capitalise on this foundation and make the investment required to create exciting new products that can take the Masternaut brand global and deliver a broader range of savings to our customers.”

“I am delighted with the collaboration with Cybit and view this as an amazing opportunity for colleagues to grow their career roadmaps in a much larger organisation with a bigger reach. The new Masternaut business will grow to become the world’s number one telematics company. I’m proud to have contributed and will remain a strong advocate and friend to the group.”

Bill Henry, Masternaut Group Chief Executive Officer, commented:
“Martin’s drive and his belief in the broad business benefits of telematics galvanised both Masternaut and the whole telematics industry. His success attracted awards and independent recognition that included listings in the Sunday Times Tech Track 100 in 2007, 2008 and 2009; and The Best Companies Award in 2008, 2009 and 2011. He was also the winner of Ernst & Young’s Entrepreneur of the Year in 2008 and more recently, Martin was featured as one of only five UK business entrepreneurs to feature in Dell’s global ‘Take Your Own Path’ campaign. It has been a phenomenal success story.”

“On behalf of the team at the new Masternaut, I would like to sincerely thank Martin for what he has done to raise the profile of telematics and the benefits across industry and more recently for his support as we combined our two UK businesses.”

As to what he will be doing next: Martin Port is looking forward to some new challenges, one of which includes corporate sponsorship to raise £100,000 for charity, as he runs his first Marathon in New York in November 2011.

About Masternaut

Masternaut designs and delivers innovative solutions for managing the mobile workforce that enable customers and partners to achieve evolutionary step-changes in their performance and service delivery. Formed through the combination of established telematics providers, Cybit and Masternaut, the new Masternaut boasts the broadest range of telematics products, services and R&D capability in Europe. Individually, the companies represented some of the fastest-growing private technology firms in Europe. In 2010, Cybit was ranked 13th in the Sunday Times International Fast Track, having achieved more than 150% growth in sales during 2007-2010; whilst Masternaut has featured in the 2007, 2008 and 2009 Sunday Times (UK) Tech Track 100, and was also recognised on the Deloitte Fast 500 EMEA in 2009. Masternaut is headquartered in Huntingdon, England and has more than 500 employees and 10,000 customers across Europe.