Mergers & Acquisitions

Mergers & Acquisitions

November 08, 2011

Telogis Expands to Insurance Market through the Acquisition of Telematics Business from UTC Fire & Security

Telogis (News - Alert), a provider of location intelligence platform, announced that it acquired the insurance telematics and fleet management business of UTC Fire & Security, a unit of United Technologies. 

The acquisition enables Telogis to expand its presence in the insurance market through the addition of Onboard Advisor, a safety-driven Insurance service focusing on loss prevention and risk reduction provided by Liberty Mutual Agency. 

This is the fourth acquisition for the company in three years. The acquisition assists Telogis to become one of the fastest growing Software-as-a-Service (SaaS (News - Alert)) enterprise platforms.

“This acquisition positions Telogis for growth in insurance telematics by accelerating our ability to leverage our robust enterprise software platform into UTC's Onboard Advisor and Navlogix subscriber base,” said Dave Cozzens, chief executive officer of Telogis. 

The insurance telematics market is growing rapidly. Telogis is looking at utilizing its advanced location intelligence and sophisticated data analytics to revolutionize how insurers serve their clients. 

UTC's insurance telematics and fleet management business strengthens and diversifies Telogis customer base. Telogis will utilize the technology and resources experienced for integrating acquired businesses into its open platform quickly and with no disruption to customer services. 

UTC customers will experience the enhanced benefits, broader scale, enhanced customer support and more advanced features and functionality of the premium Telogis platform, company official said.

Recently, Telogis announced that it is extending the power of its SaaS location intelligence platform with advanced functionality, reporting and asset security/management with the release of Telogis Fleet 9. The newly released solution integrates seamlessly with Telogis Route, Telogis Progression and Telogis Mobile.

Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Jennifer Russell

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