Since its launch in the South African market in 2004, Cartrack has grown from a stolen vehicle recovery (SVR) organization into a leading global provider of vehicle asset tracking and related data management telemetry solutions using Software as a Service (Saas) as its Delivery mode. The company built its reputation on delivering high-quality, value-added services and achieving rapid, sustainable growth and profitability, culminating in its successful listing on the Johannesburg Stock Exchange in 2014.

Facts speak louder than words. Cartrack recently surpassed the milestone of 500,000 active users across the geographies in which it operates and is now estimated to be among the top 10 telemetry companies in the world.

The company has also recorded the recovery of more than 18,000 vehicles with a total value of more than R3.5 billion and has consistently maintained its independently audited recovery rate of 93% or higher. In addition, Cartrack has pioneered a unique R150 000 recovery guarantee. Obviously, it is not possible to recover all stolen vehicles, so Cartrack has honored its much-publicized recovery guarantee since its introduction in 2012 and paid out over R8 million in compensation – relative to recovered vehicles This is a small amount of money in terms of value, but it also demonstrates Cartrack's commitment to its exceptional service and proves that 'walking the talk' means 'walking the talk'.

Cartrack's growth has not only seen its geographical expansion into Europe, Malaysia, Thailand, the United Arab Emirates and other parts of Africa. It has also seen the organization develop proprietary technologies ranging from advanced fleet management to helping track prisoners in Singapore to providing workforce management to others. Other technology variants have expanded the company's services into insurance risk management, data analytics and value-added products to provide security and peace of mind to individuals.

Innovation is key to our business and the success of our business – we do this by ensuring that we are constantly developing new technologies and taking into account lessons learned in all the countries in which we operate. This keeps us globally relevant in both hardware and services - John Edmeston, Global CFO and Deputy CEO.