Telogis acquires insurance telematics and fleet management business from UTC Fire & Security
Acquisition broadens industry reach within insurance telematics
ALISO VIEJO, Calif., November 7, 2011 — Telogis Inc., the platform for location intelligence, has acquired the insurance telematics and fleet management business of UTC Fire & Security, a division of United Technologies Corporation. The acquisition expands Telogis' presence in the insurance market through the addition of Onboard Advisor®, a Safety-Driven Insurance™ service focusing on loss prevention and risk reduction provided exclusively by Liberty Mutual Agency Corporation™. This acquisition — its fourth in three years — solidifies Telogis as one of the fastest growing Software-as-a-Service (SaaS) enterprise platforms in the world today.
“This acquisition positions Telogis for growth in insurance telematics by accelerating our ability to leverage our robust enterprise software platform into UTC's Onboard Advisor and NavLogix subscriber base,” says Dave Cozzens, chief executive officer, Telogis. “The insurance telematics market is growing rapidly and there is a great opportunity to apply our advanced location intelligence and sophisticated data analytics in ways that will revolutionize how insurers serve their clients. UTC customers will experience the enhanced benefits, broader scale, enhanced customer support and more advanced features and functionality of the premium Telogis platform.”
“The addition of UTC's insurance telematics and fleet management business further strengthens and diversifies our customer base with large enterprises and SMBs alike, ensuring a strong revenue stream and flexibility to pursue additional expansion,” adds Cozzens. “We also have the technology as well as the personnel and resources experienced in integrating acquired businesses into our open platform quickly and with no disruption to customer services. This positions us well for growth organically and through acquisitions into 2012 and beyond.”
This latest acquisition by Telogis marks a continuing growth pattern for the company, as it has been recognized as one of the fastest-growing private companies in Orange County, Calif., by the Orange County Business Journal, as the 123rd fastest growing company in North America on the Deloitte 2011 Technology Fast 500 (866 percent growth since 2006), and was named to its fifth straight year on the Inc. 5000 list of fastest growing private companies in the country (434 percent growth from 2007 to 2010). The company has further been honored as one of the best workplaces in the region, and forged a major partnership in 2011 that made Telogis the exclusive SaaS solution for Ford Motor Company's Crew Chief™ commercial vehicle telematics system.
Telogis Inc., the platform for location intelligence, is dedicated to enhancing the value of its customers' businesses through intelligent integration of location technology, information and services. Telogis was established in 2001 and is headquartered in Aliso Viejo, Calif., with offices in Europe and Latin America as well as development centers in Austin, Texas, and Christchurch, New Zealand. Telogis' products and services are used and distributed in more than 60 countries worldwide. To learn more about Telogis visit www.telogis.com or call toll free at 866-TELOGIS (866-835-6447).