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LoJack Corporation enters into strategic alliance with TomTom
[January 28, 2013]

LoJack Corporation enters into strategic alliance with TomTom

Jan 28, 2013 (Datamonitor via COMTEX) -- LoJack Corporation, a provider of technology products and services for the tracking and recovery of mobile assets, has entered into a strategic alliance with TomTom, Inc., a supplier of location and navigation products and services.

Through this alliance, LoJack will offer fleet telematics solutions beginning in the first quarter of 2013 to small and medium business owners, commercial fleets, automotive dealerships and law enforcement agencies. In the second half of 2013, LoJack plans to deliver additional solutions for automotive dealerships and consumers.

LoJack will market, install and service a range of TomTom Business Solutions products and services, including its highly regarded SaaS fleet management service - WEBFLEET.

The LoJack offering will provide business owners the opportunity to use GPS/GSM technology to address higher fuel costs, optimize routing with real-time traffic data, and address unsafe driving behavior with WEBFLEET. The two organizations will also integrate TomTom's hardware, software, back-end data and SaaS services with LoJack's Stolen Vehicle Recovery Network technology.

"This strategic alliance enables both companies to strengthen their position as best-in-class providers of automotive technology," said Thomas Schmidt, TomTom Business Solutions, managing director. "LoJack's far-reaching market presence will introduce TomTom's fleet management technology to new business markets in North America and enable existing LoJack customers to benefit from a full fleet management solution." "This alliance allows LoJack to build upon our global stolen vehicle recovery network technology with a wider range of solutions that add value to our customers and partners," said Randy Ortiz, President and CEO of LoJack Corporation. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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