Monday, April 28, 2014
Lytx Lands Insurance Company
San Diego-based Lytx said this morning that it has signed on an insurance company, ARI Insurance, to provide its driver safety management solutions to that company. Financial impact of the win was not announced. Lytx--which until recently was known as DriveCam--develops video-based, driver safety equipment. Lytx said that ARI Insurance will subsidize 50 percent of the monthly program cost for the DriveCam system to its fleet clients. Lytx provides its video- and sensor- systems to help monitor and improve commercial automotive safety for fleet operators.