Company Credits Growth of Over 250 Percent to Accelerated Adoption of Video-based Safety and Transportation Intelligence Solutions
SAN DIEGO, Nov. 15, 2018—SmartDrive Systems, a leader in video safety and transportation intelligence, today announced that for the fifth year in a row, it has earned a spot 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. With growth of more than 250 percent from 2014 to 2017, SmartDrive moved up the list to No. 316 this year compared to last year’s ranking of No. 395.
“Our inclusion, five years in a row, on this prestigious ranking of tech’s most innovative and high-growth companies is indicative of our continued commitment to deliver the most advanced video-based safety and transportation intelligence solutions to our customers,” said Steve Mitgang, SmartDrive CEO. “The flexibility of our solution and ability to meet the needs of fleets of every size, across industries is a key driver of growth. Fleets don’t want to be locked in to legacy solutions that do not/have not anticipated where technology is headed. Transportation is in a period of significant change and technological innovation–fleets want as much flexibility to adapt and take advantage of what it has to offer. SmartDrive’s open platform approach helps fleets adapt as their business and technology changes.”
Mitgang credits the company’s continued growth to increasing recognition within commercial transportation of the value of video-based insights and prescriptive analytics for improving driver safety and operational efficiency. With its modern approach to hardware design, flexible configurations, industry expertise and white-glove customer support, SmartDrive is the preferred video safety program provider. The company is also is at the forefront of technology convergence, allowing fleets to utilize a single box architecture and unified data stream, eliminating redundancy across hardware, cellular connectivity, GPS modules, and connectivity to simplify operations and dramatically lower costs associated with in-cab technology.
About Deloitte’s 2018 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 2014 to 2017.
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.
About SmartDrive Systems
SmartDrive Systems gives fleets and drivers unprecedented driving performance insight and analysis, helping save fuel, expenses and lives. Its video safety, predictive analytics, telematics, compliance 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™ for five consecutive years, has compiled the world’s largest storehouse of more than 240 million analyzed risky-driving events. SmartDrive Systems is based in San Diego, Calif., and employs over 725 people worldwide.
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