Company Attributes Growth of Over 200 Percent to Booming Market Demand for Advanced Video-based Safety and Transportation Intelligence Solutions
SAN DIEGO, November 9, 2017—SmartDrive Systems, a leader in video safety and transportation intelligence, today announced it ranked No. 395 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Marking the fourth year in a row the company has been named to Fast 500, SmartDrive grew more than 200 percent between the years 2013-2016.
SmartDrive’s chief executive officer, Steve Mitgang, points to substantial increases in demand for fully managed, customizable and integrated video-based transportation intelligence and safety solutions as the basis for the company’s impressive growth.
“We are proud to be recognized once again by the Deloitte Technology Fast 500,” said Mitgang. “With the emergence of autonomous vehicles, smart infrastructure and more, the commercial transportation sector is on the verge of major shifts that will require massive amounts of contextualized data. SmartDrive is uniquely positioned to meet this demand with our video-enabled solutions. What’s more, SmartDrive has distinguished itself among competitors as the preferred provider in this space with our superior customer support, flexible configurations, technical expertise, advanced data analytics and faster time to ROI.”
About Deloitte’s 2017 Technology Fast 500
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2013 to 2016.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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About SmartDrive Systems
SmartDrive Systems, the recipient of Frost & Sullivan’s Customer Value Leadership Award for Video Safety Solutions, gives fleets and drivers unprecedented driving performance insight and analysis, helping save fuel, expenses and lives. Its video analysis, predictive analytics and personalized performance program help fleets improve driving skills, lower operating costs and deliver significant ROI. With an easy-to-use managed service, fleets and drivers can access and self-manage driving performance anytime, anywhere. The company, which is ranked as one of the fastest growing companies by Deloitte’s Technology Fast 500™, has compiled the world’s largest storehouse of more than 200 million analyzed risky-driving events. SmartDrive Systems is based in San Diego, and employs over 650 people worldwide.
For more information on SmartDrive Systems, please visit www.smartdrive.net.
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