Cambridge Mobile Telematics, a telematics service provider, announced that it has acquired Amodo, a telematics company based in Europe.

The acquisition brings together two telematics companies with footprints in Europe, giving Amodo’s customers access to telematics services for driver risk measurement, proactive crash and claims services, and behavioral modification to reduce driving risk. Amodo will adopt the CMT name.

“We’re strengthening our European efforts by adding Amodo’s expansive market knowledge and deep relationships, and doubling our team in Europe to over 100 people to enable more European organizations to realize the incredible benefits of telematics — all while saving lives on the road,” said CMT CEO William Powers in a company press release.

The Amodo team has launched more than 50 telematics programs over the past nine years, Amodo CEO Marijan Mumdziev added in the release. Mumdziev will become CMT’s managing director of Europe following the acquisition.

“We look forward to bringing our capabilities and market expertise in Europe and beyond to CMT,” Mumdziev said.

CMT now powers more than 95 active telematics programs in 25 countries, including nine in continental Europe. The company’s artificial intelligence-driven platform, DriveWell, gathers sensor data from millions of internet of things devices, including smartphones, proprietary tags, connected vehicles, dashcams, and third-party devices, and fuses them with contextual data to create a unified view of vehicle and driver behavior. The company is headquartered in Cambridge, Massachusetts, with offices in Budapest, Chennai, Seattle, Tokyo, and Zagreb.

Amodo Connected Insurance Platform enables insurers to create and brokers to place personalized usage-based insurance products on the market. Amodo’s clients use its platform to gain insights into customers’ profiles, segment them into relevant groups, and acquire profitable ones, according to the press release.

Source: Cambridge Mobile Telematics