WABCO Invests $20 Million in Video-based Analytics Company

WABCO (NYSE: WBC), a leading supplier of technologies engineered to improve the safety and efficiency of commercial vehicles, has invested $20 million in U.S.-based SmartDrive Systems and will jointly develop next-generation, video-based analytics solutions for commercial vehicle fleets worldwide.

WABCO made the announcement leading up to the 2015 Mid-America Trucking Show (MATS), March 26-28, 2015, in Louisville, Kentucky (USA).

WABCO and SmartDrive Systems will combine their products and services to offer what the companies term “a new level of functionality and support.”

SmartDrive Systems offers real-time, video-based driving performance insights and analytics integrating information from data-rich vehicle systems such as WABCO’s advanced braking and stability control technologies into its offerings in real-time.

SmartDrive Systems maintains a database of more than 100 million analyzed risky driving events that enable predictive analytics and real-time risk identification. This information can help fleets to identify and reduce potentially hazardous driving maneuvers and improve overall operating efficiency.

Noted Nik Varty, President, WABCO Americas, “The integration of comprehensive real-time data gathered from WABCO’s onboard advanced braking, stability control and efficiency systems – together with SmartDrive Systems’ video-based driver performance management systems and data analytics services – will continue to create significant value for fleet customers worldwide. The combination of our industry-leading technologies and services will help fleets to improve driver performance and further increase vehicle safety and efficiency.”

Added Steve Mitgang, CEO, SmartDrive Systems, “Fleets have experienced first-hand the unprecedented insight to potential risk that our combined systems deliver and can clearly see the significant role active safety systems play in protecting drivers from the hazards they face on the road every day.”

Category: General Update, Safety