In a move that reflects the transformation of the fleet management industry, Intelematics Australia and Euclidic Systems have entered into a strategic partnership that will make tracking and monitoring commercial and passenger vehicle fleets simpler.
Both companies specialise in technology solutions to help fleet managers capture vehicle health, driver behaviour and location data in real time so that fleet productivity can be maximised. As part of the new strategic partnership, Intelematics will take an equity stake in Euclidic Systems following a recent capital raising push.
The strategic partnership allows the two companies to complement each other’s strengths. Euclidic Systems’ product currently relies on embedded devices to track and monitor heavy and light vehicle fleets – both on road and off road – and conduct remote fleet management operations. This new relationship incorporates Intelematics Australia’s solution for passenger vehicle fleets.
Euclidic Systems’ customers will now have access to a simple, easy to use, self-install plug-in device which allows customers to now manage all of the vehicles in their fleets from a single platform, keeping fleet vehicles on the road, out of the workshop and moving.
Intelematics Australia Chief Executive Officer, Rod Chapman, says that entering into a new partnership with Euclidic Systems is a key strategic priority.
“Investing in and partnering with Euclidic Systems will accelerate our growth into the fleet management sector, which is a priority market that will continue to drive our business forward. The combination of Euclidic Systems’ expertise in heavy fleet management and our expertise in using innovative technology developed through our global operations, such as the ‘plug in’ device, to track and monitor vehicles will benefit fleet management of all vehicle types, including passenger cars, large trucks and off road assets such as tractors and bulldozers.
“Euclidic Systems is a leader in fleet management and holds strong, long-standing relationships with its customers, and together we hope to help the industry improve fleet safety and efficiency and make tracking and monitoring commercial and passenger vehicle fleets simpler,” said Mr Chapman.
Euclidic Systems Chief Executive Officer, Christopher Witt, says partnering with Intelematics Australia is a true win-win.
“The new partnership with Intelematics Australia complements our current product offerings, enables us to enter new market segments and assists in meeting the Chain of Responsibility obligations of fleet operators. Together, we will launch a series of new innovative products.
“Thanks to Intelematics Australia’s investment, we will now be able to offer our customers a simpler, more efficient fleet management solution, but not at the expense of any of the rich information we’ve always enabled them to capture – so it’s a true win-win. We will also be able to leverage Intelematics’ expertise in direct vehicle data integration and predictive diagnostics to provide market leading solutions to our customers.
“Our fleet management solutions for vehicle finance and leasing companies, will have a fuller suite of products for their variety of customer requirements” said Mr Witt.
The complementary nature of the partnership between Intelematics Australia and Euclidic Systems ensures both companies can deliver the best fleet management product for their global customers.
About Euclidic Systems
Euclidic Systems provides intelligent fleet management solutions for light commercial vehicles and off road assets across Australia and New Zealand. Euclidic customers are retail fleet owners and white label solutions for vehicle finance and car leasing operators. Since 2014, Euclidic has developed its own technology and is a full solutions provider for a one stop shop customer experience. Euclidic is privately owned and headquartered in Sydney, with offices in Brisbane, Melbourne and Auckland.