According to Frost & Sullivan, Targa Telematics’s technology helps leasing and rental companies significantly minimize expenses while maximizing customer satisfaction.
Targa Telematics – a tech company specialised in developing digital solutions in the field of the connected mobility – has been recognized with the 2022 Europe Technology Innovation Leadership Award by Frost & Sullivan, which assessed the European vehicle leasing and rental telematics industry, for its capacity to develop best-of-breed high-tech solutions, such as complete and customizable Internet of Things (IoT), smart mobility solutions, and advanced digital platforms for mobility operators.
According to Frost & Sullivan, telematics track vehicles in real time and monitor their mileage, location, maintenance status, driver behaviour, and claims costs. Targa Telematics’s technology helps leasing and rental companies significantly minimize expenses while maximizing customer satisfaction.
Among the characteristics reported in the analysis, Targa Telematics understands the various unique client needs. Thus, Targa Telematics takes steps to equip them with the most up-to-date and cutting-edge solutions. Moreover, the company’s orderly and systematic product development journey begins with extensive research and development conducted by tenured industry professionals.
Ojaswi Rana, Frost & Sullivan Best Practices research analyst, emphasized that: “The open innovation approach involves co-creating with its customers, partners, and universities to discover new technologies. The company’s open platform allows embedding third-party and internally developed technologies, supporting mobility operators in quickly developing new mobility products.”
“As a company investing in technology and innovation, we are very proud to have received this special award,” commented Nicola De Mattia, Ceo at Targa Telematics. “It is great to see that the hard work done by the whole Targa Telematics’ team over the last years has been recognized by such a leading firm. This recognition will be a further boost for making a difference in creating value for our partners and supporting them in the transformation of their business. Aiming that we will continue to develop co-creation projects with our customers, supporting them during their digital journey and developing best-of-breed connected car solutions to increase their market competitiveness”.
“Targa combines unique smart mobility features and fleet management solutions with IoT, artificial intelligence, and machine learning to make connectivity in the vehicle leasing and rental space a hassle-free experience. Targa’s transformational technology reshapes market boundaries. Sustainable leadership, client testimonials, and commercialization success are testaments to its remarkable impact on the vehicle leasing and rental telematics industry,” explained Rajesh Depores, an industry analyst for Frost & Sullivan.
Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development.
ABOUT TARGA TELEMATICS
Targa Telematics is an IT company with 20 years of experience in connected vehicles. It offers telematics technology solutions, smart mobility and digital IoT platforms for mobility operators. It addresses short and long-term rental companies, finance 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. In 2021 Targa Telematics recorded a turnover of 49 million euros, has 140 employees and more than 950 customers.
For more information: www.targatelematics.com
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