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Connected-Car Platform Zubie Secures New Round of FundingMINNEAPOLIS, Feb. 7, 2019 /PRNewswire/ -- Zubie, a leading connected-car platform and telematics data insights provider, today announced that it has closed an additional round of funding to fuel growth. Existing investors BP and Melody Capital provided the capital infusion. Paget L. Alves and Dennis Huber will join Zubie's Board of Directors. Scale, innovation and growth "This investment in Zubie underscores the market need for an end-to-end connected car solution," said Ron LeMay, Chairman of the Board, Zubie, Inc. "There are a lot of companies focused on data collection – and there's a lot of data out there. The marketplace needs more companies that help organize the data and extract business insight – and that's where Zubie fills a void. We're thrilled with the perspectives Paget and Dennis will bring to the board." "With a more mature hardware market, the opportunity for differentiation is in delivering usable insights in a simple, reliable package," said Gary Tucker, CEO of Zubie. "For Zubie, 2019 will be about improved usability of our existing insights and solutions in the Fleet market, while addressing a need for real-time insight for rental businesses." New Board Members About Paget L. Alves Prior to Sprint Corporation, Mr. Alves served as President and Chief Operating Officer of Centennial Communications Corporation and President and CEO of PointOne Telecommunications, Inc. Mr. Alves currently serves on the boards of directors of Yum! Brands, Inc.; Synchrony Financial Inc.; International Game Technology PLC; and Ariel Investments LLC. Mr. Alves received a B.S. in Industrial and Labor Relations and a J.D. from Cornell University About Dennis Huber Prior to founding MJH Consulting, Mr. Huber was Executive Vice President Network Services for CenturyLink, where he led the CTO, CIO, Product Development, Network Engineering, Design and Construction organizations. Previously Huber was SVP Network Services, IT and Corporate Strategy at Embarq; President of Sprint North Supply Sprint; SVP Network and IT at Sprint PCS and VP Network, IT and Product Development at Sprint Long Distance. Dennis holds a BSBA, Double Major: Management and Marketing, Rockhurst University, Kansas City, MO and a MBA from Rockhurst University, Kansas City, MO. He serves on the Board of Rockhurst University. About Zubie About BP Ventures BP Ventures focuses on connecting and growing new energy business, focused on our core upstream, downstream and alternative energy businesses. In addition, it makes strategic equity investments in advanced mobility, low carbon and digital. For more information, visit www.bp.com/ventures About Melody Capital Partners View original content to download multimedia:http://www.prnewswire.com/news-releases/connected-car-platform-zubie-secures-new-round-of-funding-300791543.html SOURCE Zubie |