Jul 7, 2009
Auckland, New Zealand, July 7th 2009. Leading Australasian Telematics company, Imarda Ltd, today released its unaudited draft first half year results for 2009.
The company reports close to 9000 units of its Telematics hardware shipped in the first half of 2009. Revenue and margins for the period are significantly up on the same period in 2008 and have also increased over the second half of 2008.
Claire Mitchell, CFO of Imarda Ltd, reports the company's revenues are in excess of 7.8 Million USD.
"With total revenue of 7.8 Million USD for the half year and combined margins of approximately 53% percent an EBITDA in excess of 2.6 million USD for the half year is expected," she says.
"We are delighted that despite international economic turmoil our revenues, margins and profits continue to grow," says Selwyn Pellett, CEO of Imarda. "As a result we have now managed to retire all bank debt associated with our acquisition of SmartTrack and Prolificx in 2007."
He reports that Imarda has seen a significant lift in confidence in the global transportation sector during Q2 of 2009 and, as a result, its order book is building again after a marked decline in Q1, 2009.
"OEM Telematics hardware sales will remain a significant part of Imarda's business strategy," Pellett says. "However, we will focus increasingly on expanding our reach by rapidly delivering hosted mobile business solutions for all geographies. This Software as a Service (SaaS) model is already a significant part of our business in Australia and it’s now a core focus of our strategic direction."
Imarda's new product offering, Imarda 360 (i360), is due to be released in the next few months. The new service has been designed from the ground up to be scalable for deployment globally.
"We've spent a lot of time and effort ensuring i360 will significantly raise the bar in terms of what enterprise mobile business solutions should deliver," says Pellett. "We've built on our years of experience in providing products and services to some of the world's largest fleet owners, and engineered a product we believe will be revolutionary."
"Moreover, as a web-service, i360 enables us to provide enterprise-level fleet management to small fleet owners as well as big ones. In fact, we think i360 offers tremendous potential to create widespread efficiencies in fleet management across the board – which will help everyone to minimise both their operating costs and their environmental impact."
Imarda's new i360 product uses a rich web user-interface incorporating mapping data from Google, and consists of a range of modules for specific industries. Pellett says i360 will allow a fantastic out of the box experience for smaller customers while enabling rapid industry-specific customisation and integration for larger fleet operators.
Pellett says that the next step for the company is to ramp up its operations to enable its planned rollout of the i360 service globally. "There is significant capability in New Zealand and Australia to fuel our technology road map and we intend to capitalise on that. The timing is right to begin our next phase of growth."
Our i360 product will initially be released in Australia, New Zealand and USA where Imarda already has a significant customer base. Imarda is currently identifying new channel partners in Australia, USA, Europe and Asia.
Oct 30, 2015
Leading fleet management technology companies International Telematics Holdings Limited (ITHL) and Imarda Pty Ltd, have formally merged to form Coretex Ltd. Following the merger, Milford Active Growth Fund has invested NZD $6 million in Coretex and will invest up to a total of NZD $10 million.
May 15, 2015
Leading fleet management technology companies, International Telematics Holdings Limited (ITHL) and Imarda Pty Ltd, have announced their intention to merge and form a new entity named ‘Coretex’.
Jul 8, 2013
Imarda are pleased to announce the latest release of their cloud-based enterprise fleet management platform, i360. With this release Imarda has delivered users, invisible Geo-fencing, image capture and sign on glass for jobs, as well as further user interface and performance enhancements
Mar 21, 2013
Imarda Pty Ltd has today announced a licensing agreement with Fern Digital Ltd; a New Zealand –based developer of business solutions. Under the licensing agreement Imarda can integrate all of Fern’s intellectual property into its i360 fleet management platform.
Oct 8, 2012
Imarda are pleased to announce its selection as the preferred supplier for the New Zealand Police Department’s GPS Vehicle Tracking System.