Suzanne Runald – News & Press
Phone: 949-623-3944, Email: firstname.lastname@example.org
February 22, 2017 08:00 AM Eastern Standard Time
IRVINE, Calif.–Spireon Inc., the leader in aftermarket telematics solutions for risk management and business optimization, continued its run of 14 consecutive years of top line growth with outstanding financial and operational performance in the second half of 2016. Spireon solutions now connect over 3.75 million active customers to their vehicles and assets, and the Company’s NSpire platform is processing more than 1 billion data events per quarter, providing critical productivity improvements and asset protection for consumers, dealers, lenders and fleet managers of all sizes.
During the second half of 2016, Spireon experienced solid revenue growth while increasing profitability by 150 percent. Customer satisfaction and operational metrics also increased, setting a new bar for B2B companies in the telematics industry. Further, Spireon’s direct relationships with all four Tier-1 wireless operators in the U.S. enabled the Company to maintain more stable and higher quality services for their customers, while achieving greater economies of scale on wireless activations.
Spireon’s Fleet and Asset Intelligence businesses saw significant growth in the second half of 2016, including:
The Company’s Automotive and Telematics business also gained significant traction, including:
“2016 was a transformative year for Spireon, so it’s particularly rewarding to see such strong financial and business performance fueling our leadership position in vehicle telematics,” stated Kevin Weiss, Spireon CEO. “We’ve set aggressive goals for 2017, which we intend to meet through continued commitment to customer success, aggressive product innovation, and high-touch customer support that allows Spireon to stand out from competitors.”
Spireon’s focus on superior value and white-glove customer service are reflected across the Company’s operations, including the following notable achievements in 2H’16:
In September, Spireon was honored as “Vehicle Telematics Company of the Year” as part of the 4th annual Compass Intelligence Awards program. Later in the year, the Company prepared for a new phase of growth with the addition of several seasoned executives in sales, marketing, engineering, and product management, bringing extensive industry experience to drive product innovation, sales momentum and marketing presence for the Company in 2017 and beyond.
2017 Momentum Builds
Spireon kicked off 2017 by introducing Kahu, the first connected car solution specifically designed for dealers. Launched at NADA 2017, Kahu allows auto dealers to easily manage inventory and increase efficiencies in their lot management processes, as well as increase revenue and profitability by offering car buyers new connected car services, such as stolen vehicle recovery, geo-fencing for location management, and alerts for speeding and other behaviors. Additionally, Kahu enables a dealership to accurately provide service reminders and increase service retention of their customers.
Next week Spireon will showcase its innovative Fleet and Asset Intelligence solutions at the American Trucking Association’s TMC Annual Meeting & Transportation Technology Exhibition, including a new solar-powered trailer and asset telematics solution that will be announced at the event. The Company is currently preparing for more new product announcements in 1H 2017, and is securing several key partnerships that will extend the Company’s solutions to incorporate more telematics data, and accelerate growth in all areas of the business.
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.
Learn more at www.spireon.com
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