Cartrack Holdings

Cartrack was founded in South Africa in 2001 and commenced its operations in the country in 2004. Cartrack quickly developed into a leading provider of Fleet Management, Stolen Vehicle Recovery and Insurance Telematics, with over 530 000 clients worldwide. Cartrack's systems are built on the most advanced technologies available, coupled with devotion to client service. Initially, Cartrack focused on Stolen Vehicle Recovery services, which led to the Cartrack system being developed and implemented for the Sub-Saharan African market where vehicle theft was, and remains, amongst the highest in the world. To demonstrate the confidence in its systems, Cartrack currently offers a cash back recovery warranty to its customers in the event of non-recovery of their stolen vehicles. In 2007, with the rapid development and convergence of telecommunication services, Cartrack expanded the scope of its offering to include full Telematics services, in particular Fleet Management. Cartrack's user-friendly and cost-effective web-based Fleet Management portal provides a comprehensive set of features ensuring the optimisation of both fleet and human resources without incurring upfront costs. To expand its integrated service offering, Cartrack is providing driver risk assessment offerings in the field of Insurance Telematics. Whilst its principal operations are situated in South Africa, Cartrack has embarked on an expansion drive into the rest of Africa, Europe and Asia. Cartrack is committed to growing its client base through replicating and leveraging off its South African offering through a combination of direct investment, partnering with local operators as well as targeted value accretive acquisitions that meet the Company's investment parameters.