JSE-listed telematics firm Cartrack is experimenting with smart mobility in partnership with two of the world’s leading companies in pay-as-a-service transportation firms.
The company informed investors on Thursday that SaaS, within the context of Internet of Things (IoT), continues to rapidly expand as the digital age comes to the fore.
The group, which is valued at R4.2 billion, said it remains at the forefront of the related telematics expansion and continues to drive innovation and application through its interaction with customers and strategic research and development activities.
It added that this experimentation in smart-mobility reconfirmed the value of an eco-system platform for connected vehicles regardless of the vehicle brand.
Cartrack saw this as a strengthening of the value proposition of telematics companies, particularly those with stable, proven and dynamic platforms.
The company said increasingly, customers are relying on the telematics market to optimize business intelligence relating to assets and people on a global scale.
“Cartrack will continue to evolve as a more integral part of its current and future customers’ lives.”
To achieve this, Cartrack said it will require a continued and deliberate investment in technology, information management, human resources and in the distribution and operating capacity of new markets.