CalAmp Corp. (NASDAQ: CAMP) was established in 1981 and is headquartered in Irvine, California. It has 1,080 full-time employees. It provides telematics systems in the United States, Europe, the Middle East, Africa, South America, Asia and the Pacific Rim, and globally. Software and subscription services.
CalAmp Corp. (CAMP):
CalAmp is a provider of IoT software applications, cloud services, data intelligence and telematics products and services based in Irvine, California. The company’s technology includes edge computing devices and SaaS-based applications for remote tracking and management of vehicles, drivers, goods and other mobile assets. The company also has the LoJack stolen vehicle recovery system, and provides connected cars and batch management products.
CalAmp Corp. provides telematics products, including asset tracking units, mobile telematics equipment, fixed and mobile wireless gateways and routers; as well as stolen vehicle recovery products for the broader connected vehicle and Internet of Things market, enabling customers to pass Collect, monitor and report key business information as well as required intelligence from remote and mobile assets to optimize its operations.
CalAmp Corp. also provides CalAmp Telematics Cloud platforms, such as cloud-based application activation and telematics service platforms, which facilitate the integration of its own and third-party applications through open application programming interfaces; and software as a service applications .
In addition, CalAmp Corp. also provides professional services, including project management, engineering services, installation services and continuous early warning and automatic notification services.
CalAmp Corp. sells products and services to customers in the automotive, insurance, transportation and logistics, government, and construction markets through direct sales organizations, channel partner programs, sales representatives, and websites and digital platforms.
CalAmp Corp. Product:
The company combines interconnected telematics products and cloud technology with software as a service (SaaS) applications to collect and evaluate data from mobile assets, goods, and companies. Telematics services for specific tasks are provided through company applications or as independent services.
- Connected telematics equipment-The wireless telematics equipment developed by CalAmp can capture and report information from remote and mobile assets. These include asset tracking units, mobile telematics equipment, and fixed and mobile wireless gateways and routers that support CalAmp and third-party software applications.
- SaaS applications-CalAmp’s SaaS products include a series of applications designed for connected fleet and asset management, supply chain and automotive markets. CalAmp Telematics Suite applications are used for private and public fleet and asset management, as well as SC iOn Command Portal designed to provide supply chain visibility. The application also includes the flagship LoJack stolen vehicle finding system, the brand extension LoJack LotSmart (used in the inventory management system of car dealers), and LoJack SureDrive, a consumer-related car application that can be used when car owners move The owner issued an alarm.
- Telematics services-CalAmp’s telematics services include crash response service Crashboxx, which can provide crash alerts and accident reconstruction reports for insurance companies and fleet operators; CalAmp iOn Tag service, which can help fleet operators tracking tools and other services Equipment; and CalAmp iOn Vision, which provides video insights that help companies monitor and evaluate driver behavior. Other telematics services include predictive maintenance and driver behavior scorecards so that fleet managers can guide them on better driving habits.
- CalAmp Telematics Cloud Platform (CTC)-CalAmp’s CTC platform is used to deploy the company’s telematics applications and services. The platform collects and reports real-time data from its telematics equipment and sensors for fleet, asset and cargo management. Application Programming Interface (API) allows third-party application integration, and the platform also supports integration with mobile network operators.
- Synovia-CalAmp’s Synovia subsidiary develops subscription-based fleet management services for the government and k-12 school districts, develops the Here Heres the Bus school bus tracking mobile app for school districts, and also develops Bus Guardian to help schools with contact tracking and public transportation health.
CalAmp Corp. (CAMP) History:
- CalAmp was founded by Jacob Inbar and David Nichols in Newbury Park, California in 1981, under the name California Amplifier Inc. at the time. The company initially manufactured amplifiers and other equipment used to transmit microwave signals for satellite video and broadband communications.
- In 1983, CalAmp Corp. IPO began trading on Nasdaq.
- In 1986, the company moved to Camarillo, California, and stopped manufacturing amplifiers for the consumer market.
- In 1999, the company entered the direct broadcast satellite (DBS) market through the acquisition of the Gardiner Group, a Texas-based satellite dish antenna component provider.
- In December 2003, the company acquired the communications software company VytekCorp for US$76.8 million.
- In March 2004, the company moved to Oxnard, California.
- In August 2004, the company changed its name to CalAmp Corp..
- In May 2006, CalAmp Corp. acquired Montreal-based wireless broadcaster Dataradio to expand its wireless data communications business for public safety and machine-to-machine (M2M) applications. It also acquired a mobile resource management line from TechnoCom, a location tracking company based in Carlsbad, California, to provide enterprise asset tracking and fleet management applications.
- In 2007, the company acquired the Aercept Vehicle Tracking business from AirIQ, a wireless telematics service provider.
- By 2010, CalAmp Corp. focused on selling IoT hardware and DBS solutions.
- In December 2012, CalAmp Corp. announced the acquisition of Wireless MatrixCorp, a fleet management application provider based in Herndon, Virginia, for $53 million.
- In February 2013, CalAmp Corp. issued an additional share offering, partly to fund the purchase of Wireless Matrix Corp.
- In April 2015, CalAmp acquired the telematics startup Crashboxx, which provides vehicle risk management systems for insurance companies and fleet operators.
- By 2016, CalAmp Corp. had phased out the DBS business and shifted its focus to SaaS-based telematics products and services.
- In February 2016, CalAmp announced that it would acquire the stolen car recycling company LoJack Corporation for US$134 million, and the transaction was completed in March.
- In April 2016, the company announced that it would move its headquarters from Oxnard to Irvine, California.
- In September 2016, the company launched LoJack LotSmart car dealer inventory management solution and LoJack SureDrive connected car application.
- In January 2019, the company and logistics software company CargoSense launched a smartwatch-sized pet tracking device called Maven.
- In March 2019, CalAmp Corp. CEO Michael Burdiek retired and was replaced by Jeff Gardner.
- Also in March, CalAmp Corp. acquired two licensees of LoJack, Car Track in Mexico and Tracker in the UK.
- In April 2019, the company acquired Synovia Solutions, a telematics provider, for US$50 million.