Stolen vehicle recovery market pioneer LoJack Corporation, has entered into a strategic alliance with Amsterdam based TomTom Inc., a leading supplier of location and navigation products and services. Through this alliance, LoJack will offer fleet telematics solutions beginning in the first quarter of 2013 to small and medium business owners, commercial fleets, automotive dealerships and law enforcement agencies.
In the second half of the year, LoJack plans to deliver additional solutions for automotive dealerships and consumers.
LoJack will market, install and service a range of TomTom Business Solutions products and services, including its SaaS fleet management service — WEBFLEET.
The LoJack offering will provide business owners the opportunity to use GPS/GSM technology to address higher fuel costs, optimize routing with real-time traffic data, and address unsafe driving behavior with WEBFLEET. These services will allow business owners the opportunity to operate their vehicles more efficiently and profitably, while providing increased asset protection, greater customer service and employee satisfaction.
The two organizations will also integrate TomTom’s hardware, software, back-end data and SaaS services with LoJack’s Stolen Vehicle Recovery Network technology.
“This strategic alliance enables both companies to strengthen their position as best-in-class providers of automotive technology,” remarked TomTom’s Business Solutions Managing Director Thomas Schmidt. “LoJack’s far-reaching market presence will introduce TomTom’s fleet management technology to new business markets in North America and enable existing LoJack customers to benefit from a full fleet management solution.”
Randy Ortiz, president and CEO of LoJack Corporation, added, “working with TomTom, will allow LoJack to build upon our global stolen vehicle recovery network technology and quickly go to market with a wider range of solutions that add value to our customers and partners. We believe significant market opportunities exist within the connected car field and the first segment we’ll be targeting is fleet management. The LoJack and TomTom alliance will enable us to have a unique and important position in this market by leveraging our complementary capabilities.”
