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MiX by Powerfleet passes 600,000 subscribers milestone

Midrand, South Africa, (February 2, 2017) – MiX by Powerfleet (JSE: MIX, NYSE: MIXT) a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (Saas), announced that as at December 2016 they had accumulated over 600,000 active subscribers across their combined fleet and consumer customer base.

“As a SaaS business, growing our subscriber base and subscription revenue are key metrics for us. Passing the 600,000 subscriber mark is a great achievement, and demonstrates that our extensive product portfolio and global footprint continues to make MiX the telematics brand of choice for fleet operators and vehicle owners across the world,” says Stefan Joselowitz, Group CEO of MiX by Powerfleet.

The strong third quarter fiscal 2016/17 results were driven by general strength across the portfolio including a positive contribution from energy sector customers, as well as the ongoing shift towards bundled deals, which also increases the long-term value per subscriber.

Joselowitz added: “Based on our industry leading integrated fleet management platform, product diversification, ongoing traction in key verticals and geographies, as well as commitment to sustain profitable growth, we believe that MiX is well positioned to maintain momentum for the remainder of the year – and beyond.”

“We have worked extremely hard to reach this significant milestone and look forward to continued growth in the year to come,” concludes Joselowitz.

About MiX by Powerfleet

MiX by Powerfleet develops and implements connected fleet and mobile asset management solutions for customers across the globe. Our SaaS enabled software is developed to meet our customers’ requirements and aims to build long-term partnerships.

Founded in 1996, our heritage spans more than 25 years. Built on a solid foundation of deep-rooted expertise, we continue to hone our fleet management capabilities that are underpinned by innovation. This is evident throughout our product portfolio that meets the breadth of modern fleet challenges in an evolving industry.

Our products and services reach more than 120 countries and are supported by a prolific network of 130 channel partners and regional offices in 8 countries.

Contact MiX by Powerfleet to discuss how we can solve your fleet management problems and increase efficiency, sustainability, security, compliance and safety.
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