TomTom Telematics has demonstrated a solid growth strategy that allows it to plug the gaps in the fleet telematics market
MOUNTAIN VIEW, California, Feb. 17, 2016 /PRNewswire/ -- Based on its recent analysis of the fleet telematics market, Frost & Sullivan recognises TomTom Telematics with the 2016 European Frost & Sullivan Fleet Telematics Company of the Year Award. TomTom Telematics has strongly positioned itself in the European fleet telematics market on the strength of its expertise in developing diversified solutions that ensure optimum driver efficiency and operational cost savings for customers. The company's advanced software-as-a-service (SaaS) fleet management platform, WEBFLEET, addresses fleet owners' need to manage time and resources for clients during a fleet operation, ensure driver efficiency, track vehicles in real time, and facilitate workforce management.
"TomTom Telematics assists companies and drivers in effectively managing time and resources through its range of WEBFLEET connected driver terminals, which deliver professional-grade navigation, comprehensive maps, and key routing and traffic information," said Frost & Sullivan Research Manager Sathya Kabirdas. "Importantly, its real-time tracking feature keeps companies informed of driver activities with six updates a minute. This reduces possibilities of miscommunication between the company and the driver."
The TomTom Telematics stable, open application programming interfaces (APIs) and software development kits (SDKs) enable diverse companies across verticals to create numerous applications suited to their respective environments. Companies can incorporate a range of software and hardware vendors, which aids them in digitising end-to-end business processes and making smarter decisions to achieve business goals. Moreover, the WEBFLEET platform fulfils the green requirements of clients by lowering idling times, speeding, and vehicle maintenance.
TomTom Telematics is strongly positioned to cater to a wide range of customers, from small and medium businesses to very large corporate fleets. To date, more than 350 software and hardware partners have integrated WEBFLEET into their product applications. With 40,000 customers and more than 600,000 active subscriptions at the end of 2015, the company recorded a compound annual growth rate of more than 30 percent since 2006.
Being one of the few companies providing services across five continents, TomTom Telematics has maintained its strong foothold in Europe, as well as in North America and South Africa. It also caters to customers in New Zealand and Australia, and launched its services in the LATAM region (Chile and Mexico) in 2015.
"The Company of the Year Award is the most prestigious award that Frost & Sullivan bestows on any company because it reflects excellence in growth, innovation and leadership. We are thrilled to recognize TomTom Telematics for its visionary leadership in the fleet telematics market, exemplified by its advanced fleet management solution, WEBFLEET," said Frost & Sullivan's Global President and Managing Partner Krishna Srinivasan.
With a competent service and support network, the company's customised service delivery in terms of training, installation support, strategic fleet consulting and implementation projects is unmatched in the industry. Typically, TomTom Telematics customers can expect a return on their investment in less than nine months.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognises their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About TomTom Telematics
TomTom Telematics is a Business Unit of TomTom dedicated to fleet management, vehicle telematics and connected car services. Our WEBFLEET platform is a Software-as-a-Service solution, used by small to large businesses to improve vehicle performance, save fuel, support drivers and increase overall fleet efficiency. In addition, TomTom Telematics provides services for the insurance, rental and leasing industries, car importers and companies that address businesses as well as consumers.
TomTom Telematics is one of the world's leading telematics solution providers with more than 600,000 subscriptions worldwide. The company services drivers in more than 60 countries, giving them the industry's strongest local support network and widest range of sector-specific third party applications and integrations. More than 40,000 customers benefit every day from the high standards of confidentiality, integrity and availability of our ISO 27001:2013 certified service, re-audited in November 2015.
For further information, please visit tomtom.com/telematics
Follow us on Twitter @TomTomWEBFLEET
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SOURCE Frost & Sullivan