Risk Technology takes next-gen telematics to USA

24 Apr 2015

Telematics specialist, Risk Technology has opened a wholly owned subsidiary in the US as part of its international growth strategy. Risk Technology Inc. will deliver next generation telematics solutions to the insurance, automotive parts and services, telcos, and fleet markets, helping them to reduce costs, improve customer service and develop new revenue streams. The company will be headquartered in Delaware with an additional office on the West Coast and will be headed up by Doug Sobieski.

Risk Technology Inc. will provide customers with innovative telemetry solutions including crash detection, remote diagnostics and driver behaviour monitoring. The company’s technology is currently used across the globe to deliver efficiency and cost savings for the Usage-Based Insurance (UBI), fleet and automotive parts industries. Its technology is used exclusively by RAC in the UK for remote vehicle diagnostics and UBI.

Doug Sobieski joins Risk Technology Inc. from vehicle diagnostic information provider CarMD Corp where he served as CMO.

“The US is the largest market for telematics in the world so there is huge potential for Risk to extend its offering outside of Europe and the far East”, said Doug Sobieski, CEO of Risk Technology Inc. “Telematics not only leads to better drivers, better vehicle health and significant efficiency gains for the fleet industry, but it also unlocks additional revenue streams for affiliate industries such as the insurance, automotive parts or telcos sectors. We are hugely excited by the opportunities that our technology can open up for the US market.”

“Risk Technology Inc. will be supported 100% by the technology, knowledge and resources of Risk in the UK”, added Mark Packman, managing director at Risk Technology Ltd. “Working with partners from China to Russia, Holland to the Philippines we are now able to deliver24/7, multi time zone and multi-lingual solutions to customers across the globe. Risk customers know that our devices will work anytime and anywhere.”