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SmartDrive Systems Names Steve Mitgang CEO

Veteran marketing and technology leader tapped to spearhead high-growth stage of the transportation industry's premier driving intelligence company

San Diego, California - June 18, 2012 - SmartDrive Systems, a market leader in driving intelligence solutions that improve safety, reduce collisions and improve fuel efficiency, announced it has named Steve Mitgang Chief Executive Officer.

The company's solutions are used by public and private fleets across industries to increase operating efficiency and safety through improved driving performance. SmartDrive sells into a variety of sectors including public transit, commercial trucking, waste hauling, food and beverage delivery, and shuttle operators.

"Steve's remarkable record of success with venture-backed tech companies and his contributions as a key member of the senior management team at Yahoo! are proof of his ability to propel a company to record levels of achievement. As SmartDrive enters the next stage in its corporate development, we'll rely on Steve's leadership skills and business savvy to accelerate our growth, forge new industry partnerships and guide technology innovation," noted SmartDrive Systems Board Chairman Dave Vucina.

Prior to SmartDrive, Mitgang was CEO of Veoh, the Internet television company now part of Qlipso, and before that he served as Senior Vice President of Yahoo!'s advertising products, platforms, and services. His 25-year executive management career spans general management, strategic planning, branding, product management and business development for some of the country's best-known brands, as well as enterprise software and SaaS companies.

"I joined the company because we are in an enviable position; we have an exceptionally talented team that continues to push the capabilities of SmartDrive's unique driving intelligence platform, and our markets have a dire need for the company's game-changing fleet safety and operation solutions. Our customers see immediate ROI in reducing collisions and improving fuel efficiency. We see great demand coming from trucking and transportation companies of all types as they look to SmartDrive to protect their drivers and the public, and bolster their bottom lines. I am thrilled to have the opportunity to lead this great team to the next level and create value for our shareholders by delivering unparalleled results for our customers," said Steve Mitgang, SmartDrive CEO.

About SmartDrive Systems

SmartDrive delivers innovative solutions that make it easy for fleet managers to improve driver safety and reduce operating cost. SmartDrive records comprehensive video-based data from the road, then thoroughly reviews and scores critical events and recommends action for fleet managers to quickly respond and deliver sustainable savings - all through an easy-to-use managed service. The company has compiled the world's largest database - more than 44 million events - of real-time, risky-driving incidents. SmartDrive Systems is based in San Diego, CA, and employs over 375 people worldwide. For more information, please visit www.smartdrive.net.

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Media contacts:
Jim White
SmartDrive Media Relations
(619) 955-6430
jim.white@smartdrive.net