Decisiv, a company that provides Service Relationship Management (SRM) solutions, completed $15 million in financing with investment funding provided by Morgan Stanley Expansion Capital. Decisiv will use the capital to support ongoing expansion across its core network of users and into new asset management and data services offerings for customers.

“Morgan Stanley’s decision to provide investment funds to Decisiv reflects how significantly and successfully we are driving higher profitability and improving operations for users across our SRM Ecosystem,” Dick Hyatt, president and CEO of Decisiv, said. “This financing will support our continuing development of asset management solutions and data services, and our plans to extend the SRM Ecosystem to incorporate major new suppliers and partners in our core network.”

Decisiv SRM is used by more than 74,000 fleet users and over 5,000 service provider locations to drive greater asset utilization, improve operations, generate higher levels of revenue and boost profitability in the commercial vehicle industry.

“Decisiv already has the largest asset service management ecosystem in the industry, and proven technology that is delivering quantifiable value to its customers,” Stanley Hua, growth investor at Morgan Stanley Expansion Capital, said. “The company also has long-standing strategic agreements with customers and a clear direction for growth. We believe investing in a partnership with Decisiv will further accelerate its expansion through the continued development of market leading industry solutions.”