AIOT

PowerFleet, Inc. operates as a global leader in Internet of Things (IoT) solutions, providing Software-as-a-Service (SaaS) platforms and connectivity technologies for enterprise asset management. Headquartered in Woodcliff Lake, New Jersey, the company serves customers across transportation, logistics, construction, retail, and food services industries. PowerFleet's integrated platform combines AI-powered video telematics, fleet tracking, asset monitoring, and workforce management solutions that help organizations optimize operations and improve safety. The company operates through two primary segments: Fleet Management, which includes vehicle tracking and dash cameras, and Industrial IoT, focused on forklifts and warehouse equipment optimization. PowerFleet significantly expanded its capabilities through the 2019 merger with Pointer Telocation and the 2020 acquisition of Inthinc Technology Solutions. The company maintains a substantial global presence with operations across North America, Europe, and Israel, serving over 1,500 customers and managing millions of connected assets. PowerFleet's business model centers on recurring subscription revenues from its cloud-based platforms, complemented by hardware sales. Recent strategic initiatives include advancing AI-driven analytics capabilities, expanding its video telematics offerings, and deepening penetration in the supply chain and logistics sectors. The company continues to enhance its unified IoT platform to deliver comprehensive visibility and actionable insights for enterprise customers managing mobile and industrial assets.