Apollo Strategic Growth Capital

A source says up to 35% of the workforce is being let go by parent company Solera in a massive restructuring plan to relocate positions to India.

Earlier this year, Vista Equity Partners was rumored to be combining the three companies within its portfolio to go public through the blank-check firm Apollo Strategic Growth Capital.

The SPAC combination would be at least the fourth time Vista has tried to exit its investment in Omnitracs.