Dubai, United Arab Emirates -Sunday, February 5th 2017 [ ME NewsWire ]
MiX Telematics (JSE: MIX, NYSE: MIXT) a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (Saas), announced that as at December 2016 they had accumulated over 600,000 active subscribers across their combined fleet and consumer customer base.
“As a SaaS business, growing our subscriber base and subscription revenue are key metrics for us. Passing the 600,000 subscriber mark is a great achievement, and demonstrates that our extensive product portfolio and global footprint continues to make MiX the telematics brand of choice for fleet operators and vehicle owners across the world,” says Stefan Joselowitz, Group CEO of MiX Telematics.
The strong third quarter fiscal 2016/17 results were driven by general strength across the portfolio including a positive contribution from energy sector customers, as well as the ongoing shift towards bundled deals, which also increases the long-term value per subscriber.
Joselowitz added: “Based on our industry leading integrated fleet management platform, product diversification, ongoing traction in key verticals and geographies, as well as commitment to sustain profitable growth, we believe that MiX is well positioned to maintain momentum for the remainder of the year – and beyond.”
“We have worked extremely hard to reach this significant milestone and look forward to continued growth in the year to come,” concludes Joselowitz.
About MiX Telematics
MiX Telematics MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to customers managing over 600,000 assets in approximately 120 countries. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, efficiency, risk and security. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia, Romania, Thailand and the United Arab Emirates as well as a network of more than 130 fleet partners worldwide. MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and MiX Telematics American Depositary Shares are listed on the New York Stock Exchange (NYSE: MIXT). For more information, visit www.mixtelematics.com.
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