Phoenix Arizona in February is a treat for any New Englander but this year was perhaps the most special February of all… the New England Patriots appearance in Super Bowl XLIX less than a week after the most historic winter storm in Boston since 1978. My wife Ann and I were lucky enough to get the last flight out of Boston hours before 33 inches of snow hit our area, and luckier still when our friend Chuck informed us that Fox had two extra tickets to the Big Game. The rest is history, the roller coaster game-ending in what can only be described as one of the most unprecedented finales in post season sports history, and especially righteous for New England fans after the Patriots last Superbowl outing in Glendale 7 years ago with the famous David Tyree helmet catch. This one looked like it was unbelievably heading in the same direction until the Seahawks’ fateful last play of the game with 26 seconds left. Malcolm Butler’s inspirational end zone interception sealed the deal and as a result Butler will go down in history as yet another previously unknown New England Patriots hero. We decided to spend a few post Superbowl celebratory days basking in the sunshine of Scottsdale at the amazing JW Marriott Camelback Inn, which is steeped in history as a famous getaway for the glitterati of the ’30s and 40’s. Upon coming home to Boston to yet another two feet of snow (and two more on the way) I am reminded why I love to travel to places like Phoenix during the winter!
The benefits of an M2M Road Warrior are endless, and I’m glad that the IoT Industry keeps me on the road, meeting lots of new people and exciting companies.
Speaking of ‘The Road’ the Phoenix area is actually a hotbed of companies focusing on Location Based Services in the M2M Space, and GPS based services of all types are some of the first M2M Technologies successfully deployed in everyday life (think OnStar). GPS Tracking and Telemetry are more than just dots on a map, these services provide a plethora of previously unavailable data back to the user in both commercial and consumer applications. Two great industry leaders are located in Phoenix: Inilex and GPS Insight. Inilex is more focused on Vehicle Recovery and Consumer Aftermarket applications, while GPS Insight is focused on traditional Commercial Fleet, which includes fuel savings, driver behavior, and service management. Meanwhile in nearby Scottsdale, Scorpio has built an entire end to end platform for the Motorcycling industry that includes both security and lifestyle applications, and ships their products all around the world, while Goodyear Arizona base Master Route provides White Label GPS and asset tracking solutions for both enterprises and resellers.
On the Enterprise side these services can hugely benefit commercial fleets of all sizes by managing safety, fuel, compliance, mobile workforce, maintenance costs and risk, while helping to minimize carbon footprint. On the consumer side, managing teen drivers, geofencing, remote door unlock and security are all main benefits of an aftermarket system. As a result the market for these services are booming and there are literally hundreds of GPS companies across the USA and around the world and many of them are very successfully growing their companies, and there is an entire ecosystem of hardware, software and installation companies dedicated to serving this industry. On the top end, there have been some very successful buyouts, M&A deals and IPOs in this sector over the past few years. Verizon’s acquisition of Hughes Telematics. Summit Partners and FleetCore’s acquisition of UK’s Masternaut. Renova Group bought Italy’s Octo Telematics. Fleetmatics’ IPO. Danaher Corp’s acquisition of Teletrac, and most recently PE Firm Madison Dearborn’s acquisition of Canada-based Complete Innovations are all examples of the massive value creation in Vehicle Telematics.
My prediction is that this market sector will continue to boom and no doubt that consolidation will continue in this space in 2015 and 2016. Until next time, keep on Truckin!
Pre-Game with the Boyz
The Butler Interception
GPS Insight Software
Celebrating The Pats Win
Inilex Vehical Tracking Hardware
The Scorpio Ride App