DUBLIN, IRELAND – May 17, 2022
CameraMatics strengthens its safety and sustainability market offer with acquisition of UK telematics provider Telematicus
• CameraMatics expands its position as a leading player in the rapidly growing market for green fleet management solutions.
• With the new acquisition, CameraMatics continues its driver-centric growth strategy and combined means it has more than 85 employees and services over 900 commercial fleets
Leading global driver safety provider CameraMatics has acquired Telematicus, in a move that will enable CameraMatics to further develop its green fleet management capabilities and to better support the insurance industry to give customers better deals and a better service.
The acquisition positions CameraMatics as one of the most ambitious and dynamic players in the global fleet management software market. Telematicus was founded in 2009 and quickly became a visible and respected player working within the insurance industry focused on reducing risk for insurers and running high profile projects including being the technology partner of choice for O2 and its O2Drive campaign. The driver app runs off IOS and Android smartphones and helps drivers manage risk, environmental impact, and vehicle running costs
With an ambitious growth strategy, CameraMatics has grown rapidly in Europe and North America with 170% year-on-year growth. TeleMaticus represents the first acquisition made by the company in its pursuit of an all-in-one vehicle operations cloud that empowers drivers to better manage their emissions and insurers to give them better deals. The deal opens new opportunities for Cameramatics and is expected to accelerate growth further.