Cybit Masternaut merger creates Europe’s largest in telematics 13 April 2011
Vehicle tracking and telematics firms Cybit and Masternaut announced yesterday (12 April 2011), at the CV Show, that they are combining forces.
It's the latest in the Telematics consolidation story, and the new organisation, which retains the Masternaut name, will have more than 500 employees supporting a 10,000-strong customer base across 32 countries.
"The telematics market is undergoing rapid consolidation. With pan-European operations and the largest development team in the industry, Masternaut offers a clear choice for customers who want industry-leading products delivered by a strategic, long-term partner," said Bill Henry, who assumes the role of Masternaut Group CEO.
"By combining Cybit and Masternaut, we can innovate faster, increase our geographic reach, raise industry standards, and bring customers compelling opportunities for improved business performance," he added.
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