SmartDrive Systems, a leader in driving performance solutions that reduce collisions and improve fuel efficiency, said the company’s growth of 100 percent year-over-year was driven by continued product innovation, strategic partnerships, and unmatched customer satisfaction across key transportation vertical markets and fleets of all sizes.
According to industry analyst firm Frost & Sullivan, advanced driver assistance programs and telematics integration, 360-degree camera views, extended recording and predictive ‘big data’ analysis are gaining importance in fleet video solution decisions and will factor in market growth over the next two to five years. SmartDrive is the only platform that offers all four of these capabilities today.
“It was another banner year for SmartDrive. We clearly see a tipping point in the industry as fleets have shifted their perspective on video programs and are aggressively moving to identify and roll out the best fit for their fleet,” said Steve Mitgang, CEO of SmartDrive. “Over the last year, we’ve experienced a significant increase in demand from innovative fleets looking for a solution that unlocks new opportunities to improve operating margins and overall fleet efficiency. Those fleets are choosing SmartDrive’s open video analytics platform as the foundation of that strategy.”
Operating and company highlights include:
- Recording a 100 percent organic subscription growth year-over-year
- Achieving a record Q4 performance with 330 percent growth over the same period in the prior year and 170 percent growth over the prior quarter
- Tripling the customer base over the prior two years and strong growth at existing customers with expanded subscriptions and adoption of additional service offerings
- Ranking for a second consecutive year as one of the fastest growing companies in Deloitte’s Technology Fast 500
- Receiving the Customer Value Leadership Award for Video Safety Solutions from noted industry analyst firm Frost & Sullivan
- Named among the “Best Places to Work” by the San Diego Business Journal.