SmartDrive Announces 94% Growth In 2016
The company has also reported a growth of almost 400 percent over the past three years.
Driving performance solutions company SmartDrive Systems, announced its business results and operating highlights for its revised fiscal year reporting period that ended Dec. 31, 2016, and reported 94% organic subscription growth year-over-year and almost 400% over the past three years.
According to the company, its Transportation Intelligence Suite, market leading usability, ongoing platform expansion and unmatched customer satisfaction were the key growth drivers.
"As we look at the company growth rate over the last three years, it is clear that fleets are saying 'good enough is not enough,' first by investing in video safety and then by selecting SmartDrive's proactive programmatic approach that brings a new level of transportation intelligence to fleet safety and operations,” said the company’s CEO Steve Mitgang.
In the second half of 2016, the company grew its customer base by adding fleets such as TMC Transportation, Interstate Distributor Co., Alabama Motor Express, BCP Transportation, Cincinnati Bell Connector, and more. It has also retained 98% of contracted units. The company has been ranked as one of the fasted growing companies by the Deloitte Technology Fast 500 for the past three consecutive years.
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