Xirgo Technologies Buys Owlcam Assets
Summary
“Delivering AI camera technology with our existing vehicle telematics products was already part of Xirgo’s short-term road-map and strategic vision. The addition of Owlcam technology has allowed us to accelerate that vision, putting us significantly ahead of our original timelines.“ Xirgo Owlcam’s artificial intelligence (AI) technology delivers innovative driver monitoring and feedback, actuarial modeling, and actionable insights for companies looking to improve safety and reduce costs. BCE is a provider of fleet management solutions for light vehicles, trucks, heavy machinery, and agricultural equipment. The acquisition has allowed Xirgo to establish a European footprint improving access to Europe, the Middle East, and Africa. Xirgo is a provider of customized IoT solutions for various verticals, including insurance telematics, fleet management, asset tracking, monitoring & control, transportation logistics & mobility.