UTC Fire & Security, a division of United Technologies Corporation, has sold its insurance telematics and fleet management business to California-based Logistics software maker Telogis.
With more than 1,000 engineers working in 30 technical design centers around the world, 10,000 field technicians, and a network of more than 400 branches globally, UTC Fire & Security provides effective, flexible, and integrated fire safety and security insurance solutions to its more than one million customers around the world.
Telogis said, the acquisition expands its presence in the insurance market through the addition of Onboard Advisor, a Safety-Driven Insurance service focusing on loss prevention and risk reduction provided exclusively by Liberty Mutual Agency Corporation.
Telogis CEO Dave Cozzens said this acquisition positions Telogis for growth in insurance telematics by accelerating the ability to leverage enterprise software platform into UTC’s Onboard Advisor and NavLogix subscriber base.
"UTC customers will experience the enhanced benefits, broader scale, enhanced customer support and more advanced features and functionality of the premium Telogis platform.
"The addition of UTC’s insurance telematics and fleet management business further strengthens and diversifies customer base with large enterprises and SMBs alike, ensuring a strong revenue stream and flexibility to pursue additional expansion," Cozzens said.