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VisionTrack Makes First U.S Acquisition To Drive Video Telematics Growth

By Eric Van Rees - 20th July 2021 - 15:49

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 moving forward to capitalise on VisionTrack’s relationships with many of the world’s leading telematics providers and target enterprise fleets. To achieve this, VisionTrack will 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 will 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 team. In addition to increasing the headcount, the company will also expand its office network and warehousing capabilities to create the infrastructure needed to drive the targeted growth.

Read More: Telematics Transport & Logistics

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