Frost & Sullivan has awarded Targa Telematics its 2023 European Company of the Year best practices award for telematics connectivity.

The award recognises Targa’s work in telematics connectivity for the leasing, rental and UBI space

The award recognises Targa’s work in telematics connectivity for the leasing, rental and UBI space, based on values across innovation and performance and customer impact.

It follows Frost & Sullivan’s two previous recognitions of Targa Telematics: the 2022 Europe  Enabling Technology Leadership Award and the 2022 Technology Innovation Leader in the European vehicle leasing and rental telematics sector.

The new accolade recognises Targa’s ongoing innovation in offering IoT solutions fitted with a wide array of features and capabilities to reduce costs, enhance driver safety and lower emissions. The company serves more than 950 clients, including the majority of Italian insurtech firms and globally renowned brands across different industries.

Nicola De Mattia, CEO at Targa Telematics, commented: “Our continuous investment in cutting-edge technology and co-creation with clients empowers them to extract maximum value from advanced digital solutions like AI and machine learning, leveraging our profound industry knowledge and expertise. Additionally, our recent acquisition of Viasat Group positions us to provide even greater international support to our clients as they embark on their digital transformation journey and explore smart mobility solutions.”

Elizabeth Whynott, best practices research analyst at Frost & Sullivan, added: “With unlimited custom IoT and smart mobility configurations and strong core architecture, Targa Telematics enables businesses, organisations, and communities to utilise connected technologies fully. The company has a reputation for offering the overall best in the telematics connectivity market.”