Frost & Sullivan awards Targa Telematics for its telematics connectivity solution in the leasing, rental, and usage-based insurance (UBI) market
Targa Telematics, one of the leading global players in the field of Internet of Things (IoT) and the development of digital solutions and platforms for connected mobility, has received Frost & Sullivan’s 2023 European Company of the Year Award.
This award marks another valuable achievement for Targa Telematics, which specializes in creating a range of IoT solutions fitted with a wide array of features and capabilities. As the second-largest telematics company in Europe, the IT company serves more than 950 clients, including the majority of Italian insurtech firms and globally renowned brands across different industries. Its approach leverages the synergy between drivers and connected vehicles to reduce costs, enhance driver safety, and lower carbon dioxide emissions.
This award follows Frost & Sullivan’s two previous recognitions of Targa Telematics: the 2022 Europe Enabling Technology Leadership Award and the 2022 Technology Innovation Leader in the European vehicle leasing and rental telematics sector.
Nicola De Mattia, CEO at Targa Telematics, commented: “This award further highlights the company’s added value in this field and its enduring commitment to Innovation, Research and Development – a fundamental pillar of our organization— as well as collaborative customer partnerships. It also strengthens the market positioning in our areas of expertise: the rental and leasing industry, as well as insurance. Our continuous investment in cutting-edge technology and co-creation with clients empowers them to extract maximum value from advanced digital solutions like AI and machine learning, leveraging our profound industry knowledge and expertise. Additionally, our recent acquisition of Viasat Group positions us to provide even greater international support to our clients as they embark on their digital transformation journey and explore smart mobility solutions.”
“With unlimited custom IoT and smart mobility configurations and strong core architecture, Targa Telematics enables businesses, organizations, and communities to utilize connected technologies fully. The company has a reputation for offering the overall best in the telematics connectivity market,” added Elizabeth Whynott, Best Practices Research Analyst at Frost & Sullivan.
The Frost & Sullivan Best Practices awards acknowledge companies operating in diverse regional and global markets that have exhibited remarkable accomplishments and exceptional performance in areas such as leadership, technological innovation, customer service, and strategic product development. A team of industry analysts assesses market participants by conducting thorough interviews, analyses, and extensive secondary research to pinpoint industry best practices.
ABOUT TARGA TELEMATICS
Targa Telematics is one of the main global players in the IoT field and in developing solutions and digital platforms for connected mobility. For over 20 years, the company has been bringing to the market a range of telematics technology solutions, smart mobility and IoT platforms for short and long-term rental companies, financial companies and large fleets, ranging from insurance telematics to asset and fleet management, from remote diagnostics and telemetry of vehicles, professional and construction vehicles, to the management of airport vehicles. Following the acquisition of Viasat Group – finalized in 2023 – Targa Telematics has strengthened its footprint in European markets – thanks to a strong presence in countries such as Italy, the UK, France, Spain, Portugal, Belgium, Poland and Romania – as well as Chile. The company is able to work on projects at the international level with dedicated local teams. Targa Telematics participates to the United Nations Global Compact and adheres to its principles-based approach to responsible business.
For more information: www.targatelematics.com
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