BOCA RATON, Fl., October 10, 2018 /PRNewswire/ --
MiX Telematics (MIXT: NYSE), a leading global provider of fleet
and asset mobile management solutions, today 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's 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.
About MiX Telematics
MiX Telematics is a leading global provider of fleet and mobile
asset management solutions delivered as SaaS to more than 700,000
subscribers in over 120 countries. The company's products and
services provide enterprise fleets, small fleets and consumers with
solutions for efficiency, safety, compliance and security. MiX
Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the
United States, Uganda,
Brazil, Australia and the United Arab Emirates as well as a network of
more than 130 fleet partners worldwide. MiX Telematics shares are
publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and
on the New York Stock Exchange (NYSE: MIXT). For more information,
visit www.mixtelematics.com
SOURCE MiX Telematics