VISIONTRACK INC MAKES FIRST US ACQUISITION TO DRIVE VIDEO TELEMATICS GROWTH
July 20, 2021
VisionTrack has completed the acquisition of SkyLab Solutions to accelerate its expansion into the US marketplace. The multi-million-pound deal for the California-based, fast-growing, fleet technology business represents the company’s first major investment in North America and will support the roll-out of its award-winning video telematics solution in the region.
The Skylab Solutions team will join the recently-formed VisionTrack Inc business. The company will continue to support existing Skylab Solutions customers, with a focus on capitalising on VisionTrack’s relationships with many of the world’s leading telematics providers and target enterprise fleets. To achieve this, VisionTrack is due to introduce a range of PTCRB-and FCC-approved, next-generation AI dashcams and MDVRs that are underpinned by its Microsoft Azure, US-hosted IoT platform, Autonomise.ai.
VisionTrack plans to rapidly scale-up the US venture, adding extra channel business development, account management and technical support resource, as well as creating a US-based DevOps teams. In addition to increasing the headcount, the company also intends to expand its office network and warehousing capabilities to create the infrastructure needed to drive targeted growth.
Simon Marsh, CEO of VisionTrack, commented: “SkyLab Solutions has been a valued partner for the past three years. Its team has a detailed understanding of the fleet marketplace in the US and many years of telematics experience, so we are confident it will make a huge contribution to the business. We have ambitious plans in North America, and this is an important step in replicating our achievements in the UK, Ireland and mainland Europe.”
Alexander Mee, Founder/CEO of SkyLab Solutions and now President of VisionTrack Inc, said: “We are thrilled to be joining VisionTrack on its exciting journey. We have already seen first-hand the potential of its award-winning proposition and are looking forward to joining forces for continued success. The market in the US for advanced video telematics is huge and growing quickly. The combination of VisionTrack’s technology and the SkyLab Solutions’ team provides the perfect platform for rapid expansion.”