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Stock impact report

CalAmp Announces Device as a Service Business Model Providing Host of Micro-Services and Greater Operational Flexibility for Businesses

CalAmp Corp. (CAMP) 
Last calamp corp. earnings: 12/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.calamp.com/home/default.aspx
Company Research Source: PR Newswire
IRVINE, Calif., Feb. 25, 2019 /PRNewswire/ -- CalAmp (Nasdaq: CAMP), a technology solutions pioneer leading transformation in a global connected economy, today announced its new Device as a Service (DaaS) subscription business model. The DaaS business model reduces the complexity of telematics deployments by offering a subscription-based service including a telematics device bundled with access to a broad portfolio of connected car micro-services, such as CrashBoxx™ crash response and driver behavior services. The subscription model enables business customers to leverage more of CalAmp's research and development investments and full portfolio of telematics services to lower their business costs and drive new revenue streams from subscription services. The global DaaS market is expected to grow by approximately $8B by 2023 according to Market Research Future's Device as a Service Market Research Report. The growing momentum is a result of increased demand for subscription-based service Show less Read more
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