MiX Telematics Revenue & Valuation (2021)

MiX Telematics Ltd provides fleet management, driver safety and vehicle tracking services and solutions, using a SaaS delivery model. Its subscription-based solutions enable customers to manage, optimize and protect their investments in their commercial fleets and personal vehicle. Some of these solutions include FM-Web, MiX Locate, Matrix and Beam-e. FM-Web is a premiere commercial fleet management system. MiX Locate is a mid-range fleet management system designed to provide vehicle and fleet tracking, location, driver event and status information. Matrix provides a suite of mobile asset management solutions is designed for entry-level fleets and consumers. Beam-e is a crowdsourcing used to locate vehicles. Its products are distributed through various channels including automobile dealers, aftermarket automotive parts and service suppliers, and automobile insurers and retailer. Its revenue comes primarily from the subscription based services.