MiX Telematics recently announced that it has surpassed the 700,000-subscriber mark.
The 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.
MiX’s “broad product portfolio and diverse revenue streams, backed by a strong focus on driving ongoing customer value through continuous innovation and personalized service, have driven positive subscriber growth globally across multiple market verticals,” according to the company.
“Growing our subscriber base and subscription revenue are key metrics for us, so achieving well over 700,000 subscribers is a great milestone,” said Stefan Joselowitz, group CEO of MiX Telematics.
Since listing on the New York Stock Exchange five years ago, MiX has grown its subscriber base at a double-digit compound annual growth rate.
“Our growth – driven by new customer acquisitions and retention – is a testament to our brand being recognized as a trusted provider of telematics solutions, globally,” Joselowitz said.