Two of the largest telematics service providers have combined in an effort to deliver a greater solution portfolio in the rapidly growing space.
With the completed acquisition, Cambridge Mobile Telematics has presence in more than 20 countries and a large pourcentage of the top 25 insurers in the US. Although there is no news on redundancies at this time, TrueMotion’s CEO will join Cambridge at Chief Operating Officer. A position seen by many as being second-in-command.
Cambridge hopes that the acquire expertise and experiences will allow it to accelerate their growth and deliver new products within risk management, crash prevention, and contextual insight leveraging mobile, IoT, sensors and video telematics.