Wednesday, September 20, 2017

CalAmp Invests In ThinxNet

Irvine-based CalAmp has made an minority investment in German connected car company ThinxNext GmbH, the two said this week. Financial details of the investment were not announced. The two said that CalAmp has been providing telematics devices for ThinxNet's solutions since 2015. According to CalAmp, ThinxNet's automotive Internet-of-Things applications enables smartphone-based fuel payments in Germany.