Geotab, a leading global provider of premium-quality, end-to-end telematics technology, today announced the acquisition of one of its most successful partners: Strategic Telecom Solutions (STS). Founded in 2004, STS has amassed more than 65,000 subscribers across more than 3,000 customers and has forged a sterling reputation as a first-class customer service provider.
"This acquisition not only benefits the existing customers of both companies, but also the hundreds of thousands more we expect to add over the next two years, by providing them with the world's broadest, deepest and most innovative portfolio of telematics solutions."
The acquisition enables Geotab to:
- Offer specialized services to Geotab's global sales channel partners that target the underserved small-to-mid size fleet market segment, which includes offering onboarding capabilities, customer experience-driven support channels, and sales model assistance services.
- Expand support services to a 24/7 Global Support help desk.
- Provide new and unique services to customers, such as automated HOS practices and customized tablet provisioning. With the frequent changes in HOS regulations, these automated services help reduce the challenges of staying in compliance and monitoring driver safety.
- Scale up sales platforms and revenue, grow critical business departments, and enhance the overall customer experience to meet Geotab's goal of increasing its customer base to reach 1 million subscribers worldwide.
"After 3.5 years of partnering with STS, it was clear they were such an ideal match for Geotab that it was time to make the relationship permanent," said Geotab CEO, Neil Cawse. "This acquisition not only benefits the existing customers of both companies, but also the hundreds of thousands more we expect to add over the next two years, by providing them with the world's broadest, deepest and most innovative portfolio of telematics solutions."
Joey Marlow, CEO of Strategic Telecom Solutions, shares a similar viewpoint stating that "From a business standpoint, it's a perfect partnership. We have built a great foundation for scalable support services, so the marriage of our sales and support model with their focus on engineering a superior product, we are going to be a dominant force in the industry. This is a very exciting time for us and we cannot wait to see what the future holds."
Fortune 500 companies rely on Geotab's solutions to help improve productivity, optimize fleets through the reduction of fuel consumption, enhance driver safety and achieve stronger compliance to regulatory changes. The company's products are represented and sold worldwide through its authorized reseller network on five continents and serve over 12,000 customers. Today, 600 million telematics data-points are collected on MyGeotab every day, deeming it one of the world's leading global telematics platforms, in which unique data collection from vehicles can be used for intelligent benchmarking to improve overall performance and safety for any fleet.
