SmartDrive Growth Momentum Up Big in 2017

SmartDrive Systems, a leader in video-based safety and transportation intelligence, announced business results and operating highlights for its fiscal year ending December 31, 2017.

The company continues to grow rapidly, reporting a 30 percent growth in its subscriptions  with a 96 percent increase in straight-to-rollout deployments.

SmartDrive expects that growth will accelerate as activity around the ELD mandate is finishing up and fleet managers can turn their attention towards safety.

Recent research from AAA Foundation for Traffic Safety states, “installing video-based safety monitoring systems on all large trucks could potentially prevent as many as 63,000 crashes, 17,733 injuries and 293 deaths annually.”

“Fleets are beginning to understand that it takes more than video to drive results,” states Steve Mitgang, SmartDrive CEO.”Our goal with transportation and video intelligence is to help drivers and fleets make better decisions faster and to eliminate the need for unfocused and partially correct data. Our platform stands apart in its ability to provide actionable information to fleets that can make a true difference in their business, instead of making the data overload problem worse.”

The transportation intelligence business for SmartDrive tripled in 2017, demonstrating fleets are leveraging data to optimize operations—from driver scorecards and opportunities to reduce fuel costs to informing driver recruiting, retention and rewards.

“With a database of over 210 million risky driving events and growing, we are in the unique position to help fleets unlock new opportunities for savings,” continued Mitgang. “This wealth of data also positions us to inform new algorithms and technology innovation, whether in our own engineering organization or by partners who leverage our information in their product cycles.”

Category: Connected Fleet News, General Update, News, Safety