New Delhi, January 11, 2018: Telit, a global enabler of the Internet of Things (IoT), today announced an expanded strategic partnership with PST Electronics (PST), a Stoneridge company and leader in telematics security, connected car supplies and telematics solutions in Brazil and South America. PST has selected the Telit deviceWISE platform to support the company’s aggressive plans to scale their IoT suite of solutions into new global markets.
Today, Telit cellular and GPS modules power hundreds of thousands of PST’s telematics services and products across Brazil, securely delivering real-time business intelligence to PST customers. 150,000 of those devices and future deployments will be enabled by Telit’s deviceWISE platform for device management, offering 24/7 management of devices, data connectivity plans and more from one easy-to-use interface, from anywhere in the world.
“Leveraging Telit’s deviceWISE platform allows us to execute the next stage in our corporate and technology initiatives with a focus on entering new markets with innovative services and an incredible user experience for our customers,” said Caetano Ferraiolo, President of PST Electronics. “Their capabilities and dedicated team of experts will further enable us to integrate IoT solutions beyond telematics and we couldn’t be more excited about what the future holds.”
“PST is preparing an expansion of their highly successful telematics solutions into new markets and segments and Telit’s IoT genius will help them deliver the scale, reliability and flexibility required to best serve their customers around the globe,” said Yosi Fait, CEO of Telit. “We’re proud to work with a leader like PST and look forward to deepening our partnership with them. Telit plans to drive new opportunities to PST through our extensive routes to market driven by key partners, mobile operators and system integrators who are focused on delivering global end-to-end, turnkey IoT solutions to their indirect customer base.”
PST’s expansion into new markets and services aligns with analyst firm, MachNation’s recent “State of the IoT Device Management Platform Market” report, which forecasts vendor revenues of more than 100% over the next twelve months.