We are a market share leader in a high-growth, competitive tech market. We created the field of vehicle telematics 20 years ago, and we have recently launched an aggressive growth strategy that entails a significant investment in talent.
We deliver SaaS solutions that measure and report real-time data from vehicles. These solutions help our clients drive significant operational improvements: reducing fuel consumption, increasing vehicle utilisation (which reduces the number of vehicles on the road), and improving the safety and productivity of their staff. In 2016, our clients reduced fuel consumption by 90 million litres and avoided the release of 230 million kg of CO2 into the atmosphere.
Within the rapidly expanding area of the Internet of Things (IoT), telematics is one of the most mature products with proven commercial application, delivering 3x to 5x ROI for our customers. We are a market leader in this developing industry with huge potential for positive impact on our communities. The adoption of telematics in commercial vehicles is still below 10% globally and growing rapidly.
We are backed by growth equity investors Summit Partners and Fleetcor Technologies.
Masternaut at a glance: 20 years in commercial vehicle telematics, 10,000+ customers, 300+ employees across Europe, €60m revenue.