Phillips Connect Technologies Ramps Up TrailerNet Launch with Strategic Acquisition
Santa Fe Springs, CA (February 7, 2019) Phillips Connect Technologies has completed the acquisition of Connected Holdings, an industry-leading IoT (Internet of Things) intelligent services provider in North America.
Phillips Connect Technologies (PCT) products take trailer telematics light years beyond basic GPS trailer tracking by integrating component health, early fault notifications, and predictive analytics into simple to use online applications, which result in dramatic improvements to fleet up time, CSA scores, driver safety, and accident mitigation. PCT will be launching its full TrailerNet, ChassisNet, and ContainerNet transportation technology platforms at ATAs Technology and Maintenance Council (TMC) 2019 Annual Meeting & Transportation Technology Exhibition to be held March 18-21 at the Georgia World Congress Center in Atlanta, GA.
Connected Holdings, headquartered in Newport Beach, CA, has been working very closely with PCT over the past year developing the TrailerNet family of trailer telematics solutions. These products leverage the Connected Holdings Intelligence as a Service platform to create an optimized, cost effective, highly integrated and proven robust IoT solution. The Connected Holdings Intelligence as a Service technology platform is the basis of much of the deployed consumer vehicle tracking installed base in North America today. Connected Holdings designed cellular IoT devices have been deployed on more than 4 million vehicles to date.
The synergies that these businesses create with the acquisition are unlike anything Ive witnessed in my career, said Bill Ellis, managing director of Phillips Connect Technologies. We tapped into Phillips 91 years in the trucking business with its sterling reputation, and worked alongside our fleet customers to create something truly game-changing. By integrating the Connected Holdings team of industrial IoT engineering experts into our PCT business, the sky is the limit for bringing transformational improvements to transportation.
In a recent discussion, Eric Collins, co-founder of Connected Holdings, described the move to join Phillips Connect Technologies: When we originally learned about what PCT had been developing, we knew they were onto something big – and with a completely different product roadmap than any other telematics company had ever considered. We are continually amazed to see firsthand the market share and strong fleet relationships that Phillips has maintained for decades. We understand that this only comes from building excellent quality products and providing consistent solutions to their customers. Were very proud to be joining such a great team to develop and deliver our IoT innovations to the global transportation markets.
About Connected Holdings, LLC:
Connected Holdings is an end-to-end, vertically-integrated provider of IoT solutions. The Connected Intelligence as a Service platform integrates the entire chain of functionality needed for the highest quality and lowest cost possible in an IoT service solution. Our custom device design and manufacturing is paired with best in class cellular services and completely integrated cloud analytics and human interface applications. The Connected Holdings Intelligence as a Service platform is the technology behind Procon Analytics one of todays fastest growing and largest players in the consumer vehicle telematics business, which was spun off of Connected Holdings in 2017. Connected Holdings-designed cellular IoT devices and solutions have been deployed on more than 4 million vehicles.