Targa Telematics to receive the 2022 Europe Technology Innovation Leadership Award by Frost & Sullivan

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Targa Telematics has been recognised with the 2022 Europe Technology Innovation Leadership Award by Frost & Sullivan, which assessed the European vehicle leasing and rental telematics industry, for its capacity to develop best-of-breed high-tech solutions, such as complete and customisable Internet of Things (IoT), smart mobility solutions, and advanced digital platforms for mobility operators.

According to Frost & Sullivan, telematics track vehicles in real time and monitor their mileage, location, maintenance status, driver behaviour, and claims costs. Targa Telematics’ technology helps leasing and rental companies significantly minimise expenses while maximising customer satisfaction.

Among the characteristics reported in the analysis, Targa Telematics understands the various unique client needs. Thus, Targa Telematics takes steps to equip them with the most up-to-date and cutting-edge solutions. Moreover, the company’s orderly and systematic product development journey begins with extensive research and development conducted by tenured industry professionals.  

Ojaswi Rana, Frost & Sullivan Best Practices research analyst, emphasized that: “The open innovation approach involves co-creating with its customers, partners, and universities to discover new technologies. The company’s open platform allows embedding third-party and internally developed technologies, supporting mobility operators in quickly developing new mobility products.” 

“As a company investing in technology and innovation, we are very proud to have received this special award,” says Nicola De Mattia, Ceo at Targa Telematics. “It is great to see that the hard work done by the whole Targa Telematics’ team over the last years has been recognised by such a leading firm. This recognition will be a further boost for making a difference in creating value for our partners and supporting them in the transformation of their business. Aiming that we will continue to develop co-creation projects with our customers, supporting them during their digital journey and developing best-of-breed connected car solutions to increase their market competitiveness”.    

Rajesh Depores, an industry analyst for Frost & Sullivan, comments: “Targa combines unique smart mobility features and fleet management solutions with IoT, artificial intelligence, and machine learning to make connectivity in the vehicle leasing and rental space a hassle-free experience. Targa’s transformational technology reshapes market boundaries. Sustainable leadership, client testimonials, and commercialisation success are testaments to its remarkable impact on the vehicle leasing and rental telematics industry.”

Frost & Sullivan Best Practices Awards recognise companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development.

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