MiX Telematics Surpasses 700,000 Subscribers

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Oct 10, 2018, 08:09 ET

BOCA RATON, Fl., October 10, 2018 /PRNewswire/ --

MiX Telematics (MIXT: NYSE), a leading global provider of fleet and asset mobile management solutions, today announced that it has surpassed the 700,000 subscriber mark.

This milestone was achieved by continued growth in its key markets, which saw more than 22,000 net new subscribers added in the second fiscal quarter, ending September 2018.

"Growing our subscriber base and subscription revenue are key metrics for us, so achieving well over 700,000 subscribers is a great milestone," says Stefan Joselowitz, Group CEO of MiX Telematics.

MiX Telematics's broad product portfolio and diverse revenue streams, backed by a strong focus on driving ongoing customer value through continuous innovation and personalised service, have driven positive subscriber growth globally across multiple market verticals.

Since listing on the NYSE five years ago, MiX has grown their subscriber base at a double-digit compound annual growth rate further enhancing their position as a global leader in both fleet and consumer telematics.

"Our growth - driven by new customer acquisitions and retention - is a testament to our brand being recognised as a trusted provider of telematics solutions, globally," concludes Joselowitz.

About MiX Telematics

MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to more than 700,000 subscribers in over 120 countries. The company's products and services provide enterprise fleets, small fleets and consumers with solutions for efficiency, safety, compliance and security. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia and the United Arab Emirates as well as a network of more than 130 fleet partners worldwide. MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock Exchange (NYSE: MIXT). For more information, visit www.mixtelematics.com

SOURCE MiX Telematics