MiX Telematics (MIXT: NYSE), a leading global provider of fleet and mobile asset management solutions, this week announced that it has surpassed the 700,000 subscriber mark.
This milestone was achieved by continued growth in its key markets, which saw more than 22,000 net new subscribers added in the second fiscal quarter, ending September 2018.
“Growing our subscriber base and subscription revenue are key metrics for us, so achieving well over 700,000 subscribers is a great milestone.” says Stefan Joselowitz, Group CEO of MiX Telematics.
MiX Telematics’ broad product portfolio and diverse revenue streams, backed by a strong focus on driving ongoing customer value through continuous innovation and personalised service, have driven positive subscriber growth globally across multiple market verticals.
Since listing on the NYSE five years ago, MiX has grown their subscriber base at a double-digit compound annual growth rate further enhancing their position as a global leader in both fleet and consumer telematics.
“Our growth – driven by new customer acquisitions and retention – is a testament to our brand being recognised as a trusted provider of telematics solutions, globally.” concludes Joselowitz.