Mon, Apr. 20, 7:11 PM
- Ahead of tomorrow's FQ4 report, CalAmp (NASDAQ:CAMP) announces it has bought Crashboxx, a startup working on "insurance telematics applications across the entire auto insurance lifecycle, from driver risk assessment through claims processing automation." The company is paying $1.5M in cash up-front + earn-outs based on post-acquisition sales targets.
- CalAmp: "[Crashboxx's] proprietary driver behavior, crash detection, crash notification and physical and bodily damage estimation technologies are extraordinarily unique within the emerging insurance telematics marketplace. Innovations including automated first notification of loss and near real time estimation of damages and bodily injury could drive significant business efficiencies and [ROI] for both insurance carriers and fleet managers."
- Though the Industries page on CalAmp's site currently lists 11 different verticals for which it provides telematics, fleet-tracking, and asset/device management solutions, insurance isn't one of them.
Thu, Mar. 12, 6:02 PM
- 2lemetry's cloud-based platform serves as middleware for large networks of Web-connected embedded devices - the proverbial Internet of Things (IoT). It translates the various protocols used by connected devices, sets messaging rules, and analyzes the data traffic it handles to derive insights.
- The startup boasts its solution can work with any protocol or hardware platform, automatically add new devices as they join a network, and scale to millions of devices without hurting performance. Honeywell is among the company's enterprise clients.
- Amazon (NASDAQ:AMZN) has bought 2lemetry for an undisclosed sum, and says it will continue supporting the company's clients. 2lemetry's services appear to complement AWS' Kinesis service, which provides real-time processing for massive data streams, including for data produced by IoT devices and sensors.
- TechCrunch notes 2lemetry's Incoming service might particularly interest Amazon - it helps companies (such as retailers) interact with customers using data obtained via proximity beacons, geofencing, facial recognition, and other sources.
- Though better known for their machine-to-machine (M2M) communications hardware, Sierra Wireless (NASDAQ:SWIR) and CalAmp (NASDAQ:CAMP) are two companies that have been going after the budding IoT service market. Sierra recently bought M2M connectivity/messaging service provider Wireless Maingate, and CalAmp has launched its Connect service platform for deploying and managing M2M devices.
Dec. 18, 2013, 6:05 PM
- CalAmp (CAMP) has acquired Radio Satellite Integrators (RSI), a provider GPS-based vehicle tracking and other data services (made accessible through a cloud software platform) to city and county agencies, for $6.5M in cash + performance incentives. (PR)
- RSI had revenue of $5M over the last 12 months, and was profitable. CalAmp states the deal improves its lineup of public safety solutions for state and local agencies.
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