SAN DIEGO--(BUSINESS WIRE)--DriveCam, Inc., a global driver risk management company, ended 2012 with orders in excess of $100 million – a record for the company. With this rapid acceleration, DriveCam grew its subscription base by 50 percent and doubled the number of orders year over year, marking its fourth consecutive year of profitable operations. In addition to escalating adoption among leading North American fleets, DriveCam increased its subscription base through global expansion, new strategic partnerships and continued growth within existing customer fleets.
“The combination of our strong balance sheet, the ability to invest in our business, and our market momentum positions us for continued market leadership”
“The combination of our strong balance sheet, the ability to invest in our business, and our market momentum positions us for continued market leadership,” said DriveCam Chairman and CEO Brandon Nixon. “We are proud to be working with some of the best fleets in the world and to be recognized by the investment community for the value we deliver. We are extremely bullish about 2013 and look forward to another year of strong sales expansion, strategic acquisitions and expanded job growth.
“The last two years have brought tremendous expansion,” Nixon continued. “Our financial performance is a direct reflection of the unique solutions we provide our clients in making them safer, more competitive and more profitable. In 2012, we experienced marked growth in mid-market, government, waste, and transportation and logistics. As a result, we are confident of our positioning for expansion into additional new markets – and continued growth in current markets – in 2013.”
Many top-tier fleets within DriveCam’s growing portfolio expanded their relationship by adding additional vehicles into the program and extending multi-year contracts. These included Waste Management, First Transit and AmeriGas. In addition, DriveCam completed rollouts with existing fleets. Further strengthening DriveCam’s footprint was its contract award by National Joint Powers Alliance® (NJPA) in the United States and major client wins in Canada, the United Kingdom and South Africa.
About DriveCam, Inc.
As proven experts in the science of safe and efficient driving, DriveCam prevents collisions and reduces fuel costs by improving the way people drive. Our solution addresses the causes of poor driving by combining data and video analytics with real-time driver feedback and coaching, resulting in reductions in collision-related costs and fuel consumption in over 500 commercial fleets, while protecting more than 400,000 drivers. In addition, DriveCam holds the world's largest database of risky driving, which is continually used to improve proprietary analytics and deliver insights into transportation industry trends. For more information, visit www.drivecam.com.