Posts strong growth in fleet and automotive sectors based on significant technology, resource investments
IRVINE, CALIF -- FEBRUARY 25, 2015 – Spireon Inc., the leading innovator of Mobile Resource Management (MRM) and Business Intelligence Solutions that connect companies to their mobile assets and workforces, today announced the achievement of significant milestones across the business, including reaching the company’s 2 millionth active subscriber and record breaking revenue and earnings.
“In 2014, Spireon made tremendous strides forward, not only in financial growth, but also across the board in improving our go-to-market strategy, product innovation and corporate culture,” said Spireon CFO Rita Parvaneh. “We’re proud of our overall performance and strong earnings, but even more proud that this growth came as we were making large investments in the company in terms of improving and scaling our IT infrastructure, and growing our client services and development teams.”
The company’s achievements include:
- Double digit compounded annual growth rate (CAGR) for connected devices from 2010-2014
- Double digit year-over-year revenue growth for Fleet and Asset Intelligence, as well as a robust increase in active subscribers and lifetime subscriber value
- The move of the company’s headquarters to a new building in Irvine, Calif., as well as expansion into the Dallas/Fort Worth metro area to accommodate employee growth in response to customer demand
- Demonstrated innovation with the launch of the GoldStar CMS telematics solution, a revolutionary new collateral management platform that helps vehicle finance companies dramatically reduce the time and costs related to funding and servicing automobile loans
Spireon entered 2015 strongly. The company launched its next generation FleetLocate fleet and asset intelligence solution yesterday and signed two of the largest transportation and logistics providers in the United States: Swift Transportation Company and Werner Enterprises.
“In 2014, we made significant investments in the future of Spireon, especially in our NSpire M2M platform,” said Spireon CEO Marc Brungger. “NSpire is at the core of everything we do, and its stability and reliability is why we have been able to achieve such significant company milestones. I’m looking forward to building further on those successes in 2015 and in the years to come as we work to expand our service offerings in both the automotive and fleet industries.”
Spireon, Inc., connects companies to their mobile assets and workforces, giving them powerful information platforms that turn data into actionable business intelligence. Headquartered in Irvine, CA, Spireon’s leading Software-as-a-Service (SaaS)-based tools now support more than 2 million active subscribers through the company’s vehicle finance and fleet telematics solutions, and trailer and asset intelligence GPS offerings.
Spireon’s award-winning NSpire M2M intelligence platform provides unparalleled reliability and scalability, allowing the company to deliver ROI-focused solutions. The company's automotive solutions helps dealers and lenders put more of their customers into vehicles, while giving them the tools to make smarter lending decisions, protect their investment, ensure longer performing loans and improve their business fundamentals. Spireon's industry-leading fleet offerings provide real-time visibility into business operations, allowing owners and managers to optimize asset management, and improve driver satisfaction and retention.