ALISO VIEJO, CA, Telogis announced that it has received an equity investment from GM Ventures, the venture capital subsidiary of General Motors.
Telogis announced that it has received an equity investment from GM Ventures, the venture capital subsidiary of General Motors. The investment extends the existing partnership between General Motors and Telogis that was formed earlier this year to take advantage of GM's OnStar connected vehicle infrastructure to bring Telogis' telematics and fleet management solutions to GM customers. The financial terms of the transaction were not disclosed.
'We are always looking for innovative companies that we can partner with to take GM and transportation technology to the next level. Telogis' history with us and their understanding of the power of OnStar connectivity made this a natural fit,' said Jon Lauckner, president, GM Ventures. 'This investment brings together the strengths of both companies to deliver software technology that improves the productivity and capability of customers that operate GM vehicle fleets and use the Telogis suite of routing, mobile resource and fleet management software.'
'GM and OnStar started the connected intelligence revolution more than 18 years ago, and by building on that infrastructure and innovation, Telogis is able to offer GM customers intelligent data and actionable information that will transform the way they do business,' said David Cozzens, chief executive officer at Telogis. 'The GM Ventures investment will deepen our partnership with GM and OnStar, greatly benefitting our mutual customers and the future of the connected mobile enterprise.'
Combined with the GM Ventures investment, Telogis and GM are also announcing the availability of the Telogis Fleet for GM solution. Telogis has worked with the GM team to deliver built-in intelligence solutions and services to commercial GM customers on model year 2011 and newer vehicles equipped with OnStar hardware. No additional hardware is required to activate Telogis Fleet services. The Telogis platform benefits customers by providing information about GM vehicles relating to vehicle health, utilization, location, driver behavior and other data. Telogis Fleet for GM also enables unique GM features including remote door lock/unlock, remote engine start and horn, oil life remaining and more.
'The ability for GM fleet customers to pull this kind of data off of their vehicles is one of the biggest differentiators in the fleet and commercial industry,' said Ed Peper, U.S. vice president, GM Fleet and Commercial. 'Telogis Fleet for GM will be a complete game-changer for our customers by helping them optimize their businesses.'
More information about Telogis Fleet for GM can be found by visiting www.telogis.com
General Motors LLC (NYSE: GM) (TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.
OnStar LLC -- OnStar, LLC (OnStar) is a wholly owned subsidiary of GM Holdings LLC ('GM'). Along with its affiliate Shanghai OnStar Telematics Co. Ltd (a joint venture involving OnStar, Shanghai General Motors Co., Ltd (SGM) and Shanghai Automotive Industry Corporation (SAIC)), OnStar serves more than 6.5 million subscribers in the U.S, Canada, China and Mexico. OnStar is a provider of connected safety, security and mobility solutions and advanced information technology. OnStar's key services include automatic crash response, stolen vehicle assistance, remote door unlock, turn-by-turn navigation, vehicle diagnostics and hands-free calling.
Telogis, Inc., the platform for location intelligence, is dedicated to enhancing the value of its customers' businesses through intelligent integration of location technology, information and services. Telogis was established in 2001 and is headquartered in Aliso Viejo, Calif., with offices in Europe and Latin America as well as development centers in Austin, Texas; Toronto; and Christchurch, New Zealand. Telogis' products and services are used and distributed in more than 100 countries worldwide. To learn more about Telogis, visit www.telogis.com
or call toll free at 866-TELOGIS (866-835-6447).
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