Italy’s Octo Telematics has acquired Nebula Systems, Ltd., a UK-based company that develops advanced cloud-based technologies for the automotive and connected car industries.
The acquisition brings together complementary technologies. Octo, founded in 2002, provides telematics and data analytics products and services for auto insurers and also fleet management services.
Neither side disclosed financial terms.
Nicola Veratelli, the Octo Group CEO, said that Nebula will help Octo stay at the forefront of evolving technology needs.
“Amongst many trends that are changing the mobility sector there are some that have a significant impact on fleet managers, such as the need to integrate data coming from the vehicle, each different from the other and defined for each manufacturer,” Veratelli said in prepared remarks. “We are committed to offer dozens of fleet telematics services to fleet managers and drivers: remote cloud-based diagnostics deriving from this Nebula acquisition is surely one of the most relevant.”
Nebula specializes in the development of advanced cloud technologies for the automotive and connected car industries. These technologies make vehicle systems and data more accessible, so that a vehicle’s health, status and operation can be monitored, analyzed, diagnosed and maintained, faster and more effectively than ever before – anytime and anywhere, Octo noted.
Octo said the Nebula acquisition continues its investment strategy in companies with high technological value, and its focus on “pursuing continuous portfolio innovation and market leadership. ”
Plans at Octo call for integrating the Nebula technology into the standard Octo telematics offering. The company says that combining the technology will positively impact mobility management costs for fleet managers using the OCTO Fleet Telematics product.
The Nebula Systems diagnostic cloud product is based on an integrated circuit and a suite of vehicle data analysis software applications in order to better respond to the increased complexity. An integrated circuit, developed with proprietary technology, grants deep access to OEM level data. Vehicle telematics can therefore benefit from combining this telematics chipset with proprietary analysis software, which gives OCTO the ultimate flexibility and ease of access to OEM vehicle data by using a unique VIN-specific configuration file that contains the instructions to read Parameter ID (PID) sets from any OEM ECU on virtually any car, Octo said.
Source: Octo Telematics