Spireon Announces Record-Breaking Q1 Sales, Passes New Growth Milestone

Spireon Surpasses 3 Million Active Subscribers on Its Connected Vehicle Platform

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IRVINE, Calif., June 02, 2016 –Spireon Inc. today announced it has reached three million active subscribers for its suite of GPS based vehicle telematics solutions, extending its position as the industry’s largest aftermarket connected vehicle company in the U.S. and serving as a leading contributor to the growing Internet of Things (IoT) and telematics industries.

In addition to reaching three million active subscribers, Spireon achieved record-breaking sales for the first quarter of 2016, adding double digit growth in revenue and units as compared to the same quarter last year. The quarterly results mark six consecutive quarters of double digit growth for the Company. The Company also achieved significant increases in customer satisfaction scores, with customer survey results showing overall satisfaction with Spireon at its highest sustained level since Spireon’s Customer Satisfaction Survey began.

Spireon also announced that Kevin Weiss has been named as the Company’s next Chief Executive Officer. Kevin Weiss will lead the next evolution of Spireon’s strategic growth plan, which includes expanding offerings for all major segments in vehicle telematics, including solutions for new and used car dealers and lenders, small and enterprise fleets, rental car companies and consumer markets.

“The growing adoption of vehicle telematics proves that the IoT is not made up of distant technologies that we will see implemented far off into the future,” said Kevin Weiss, Spireon’s Chief Executive Officer. “Spireon is an IoT trailblazer and by hitting this new milestone, we are leading the way in providing connected devices and solutions that serve as a viable business differentiator and competitive advantage for our customers.”

Prior to joining Spireon, Kevin served as CEO of Unitrends, a global technology company that delivers end-to-end business recovery solutions. Prior to Unitrends, Kevin served as President and Chief Executive Officer of multiple private-equity owned technology-enabled companies following his role as President of McAfee and senior sales and marketing leadership roles at IBM.

About Spireon

Spireon, Inc. is the industry’s leading open connected vehicle company, providing businesses and consumers with powerful Big Data insights to track, manage and protect their most valuable assets. The award-winning Spireon NSpire open platform delivers rich information from any GPS connected vehicle or asset, converting that information into actionable insight. Headquartered in Irvine, CA, Spireon’s open connected vehicle platform now supports more than 3 million active subscribers across the company’s growing suite of product offerings for new and used car dealers, lenders and financial institutions, rental car agencies, insurers, consumers, and fleet, trailer and asset management companies.

Spireon Surpasses 3 Million Active Subscribers on its Connected Vehicle Platform

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