TracPlus wins application for interim injunction on v2track

TracPlus took its case against v2track to the high court at Hamilton. (Image: Ross Setford/NZPA)

Wed, 20 Jul 2022

TracPlus Global has won an interim injunction case against its former subsidiary after it was found to have unlawfully refused to end a contract with one of its clients. Two years ago, the Dunedin communications company signed a deal – which Wellington venture capital fund Movac helped fund with a $5 million investment – to acquire v2track, a Waikato company making tracking software. About 18 months later, at the end of 2021, v2track was sold back to its former owners and directors Kylan and Bevan Diprose. According...

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