Published: October 28, 2014 | United States
Telogis announced that it has received an equity investment from GM Ventures, the venture capital subsidiary of General Motors. The investment extends the existing partnership between General Motors and Telogis that was formed earlier this year to take advantage of GM’s OnStar connected vehicle infrastructure to bring Telogis’ telematics and fleet management solutions to GM customers. The financial terms of the transaction were not disclosed.
“We are always looking for innovative companies that we can partner with to take GM and transportation technology to the next level. Telogis’ history with us and their understanding of the power of OnStar connectivity made this a natural fit. This investment brings together the strengths of both companies to deliver software technology that improves the productivity and capability of customers that operate GM vehicle fleets and use the Telogis suite of routing, mobile resource and fleet management software.” – Jon Lauckner, president, GM Ventures
Combined with the GM Ventures investment, Telogis and GM are also announcing the availability of the Telogis Fleet for GM solution. Telogis has worked with the GM team to deliver built-in intelligence solutions and services to commercial GM customers on model year 2011 and newer vehicles equipped with OnStar hardware. No additional hardware is required to activate Telogis Fleet services. The Telogis platform benefits customers by providing information about GM vehicles relating to vehicle health, utilization, location, driver behavior and other data. Telogis Fleet for GM also enables unique GM features including remote door lock/unlock, remote engine start and horn, oil life remaining and more.
“GM and OnStar started the connected intelligence revolution more than 18 years ago, and by building on that infrastructure and innovation, Telogis is able to offer GM customers intelligent data and actionable information that will transform the way they do busines. The GM Ventures investment will deepen our partnership with GM and OnStar, greatly benefitting our mutual customers and the future of the connected mobile enterprise.” – David Cozzens, chief executive officer at Telogis