We are thrilled to announce this latest endorsement of our market and technological leadership and look forward to this alliance with ISO," said Gregg Warren, chairman and CEO of IVOX, Inc.
IVOX DriverScore -- the "credit score" for the automotive industry -- has the potential to become the standard by which individual driver behavior is objectively assessed, compared, and analyzed for risk.
Through this strategic alliance, ISO provides not only this funding but also expects to work with IVOX on research and product development efforts to offer new and exciting products to the insurance and transportation industries.
We are looking forward to working with IVOX because many of our insurance customers have expressed an interest in understanding and using telematics data," said Steven C.
IVOX was represented in this transaction by Burr & Forman LLP.
As driver shortages and fuel prices continue to increase, fleets are looking for ways to reduce costs," said Gregg Warren, CEO of IVOX.
With more than 15,000 vehicle years of risk adjusted GPS data, IVOX boasts the largest repository of personal driving data linked to claims data.