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Stock impact report

Momentum IoT Announces Funding, Strategic Partners, and Key Hire

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: Business Wire
Launches 100% Cloud Managed IoT for Mixed Fleets LONG BEACH, Calif.--(BUSINESS WIRE)-- Momentum IoT, the leader in cloud-managed telematics for mixed fleets, today announced that it has raised $3.1 million in funding from strategic investors. Coupled with the funding, the Company announced a key hire and general availability of its cloud-managed telematic tracking solutions. The funding enables Momentum IoT to accelerate its launch of 4th Generation Cloud Managed IoT solutions. Momentum IoT devices deploy without field-application engineering. No custom development, no version control issues, and no deployment delays. Just plug-and-play. Justin Silva, Momentum IoT’s CEO, previously managed Technology at a large field services firm. “We tested several IoT vendors,” he said. “Unfortunately, the entire industry seems to have gotten stuck in hardware customization and complexity. That Show less Read more
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