CalAmp names fleet technology and company growth

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IRVINE, Calif., May 23, 2022 (GLOBE NEWSWIRE) — CalAmp (Nasdaq: CAMP), a connected intelligence company helping people and organizations improve operational performance through an ecosystem of data-driven solutions, today announced the appointment of Brennen Carson as Chief Revenue Officer (CRO). As CRO, Carson will help accelerate CalAmp’s penetration into the transportation and logistics market and generate sustainable revenue streams.

Carson brings over 15 years of experience selling enterprise software as a service (SaaS), leading cross-functional small to midsize, midsize, and enterprise teams to drive superior revenue. Most recently, Carson served as Senior Vice President of Sales for driver performance company Idelic, where he was responsible for successfully scaling the business, developing effective revenue generation models and leading and growing a high performing sales team. Under his business leadership, Idelic’s mid-market revenue and pipeline value grew by triple digits.

Prior to Idelic, Carson served as Vice President of Sales, North America for Fleetmatics. After its acquisition by Verizon Connect, he continued to build and lead a sales team of more than 700 employees, increasing average revenue per customer and increasing multi-product sales on installed and new commercial accounts.

“Brennen’s proven sales leadership, track record of driving focused sales strategies and experience building high performing sales teams within the fleet telematics industry make him an incredible asset to the company. CalAmp team,” said Jeff Gardner, CEO of CalAmp. “I look forward to working with him to help CalAmp further differentiate itself in the transportation and logistics market, while implementing new sales strategies to drive revenue growth.”

“The transportation and logistics industry is changing rapidly and fleets have a greater need to establish connectivity between all their mission-critical assets at the edge and in the cloud to make smarter, safer and more data-driven decisions. more efficient,” Carson said. “CalAmp is a leader in the fleet and asset management market and well positioned to lead the way in this evolution, and I am excited to increase revenue for the business. From a sales perspective, I intend to identify sales strategies at all levels of the market and support a customer-centric approach to bring more operational insights to CalAmp’s existing customer base and drive growth in lucrative market segments. »

Carson holds a bachelor’s degree in justice studies from Northeastern Illinois University and is a United States Marine Corps veteran.

About CalAmp
CalAmp (Nasdaq: CAMP) is a connected intelligence company that leverages an ecosystem of data-driven solutions to help people and organizations improve operational performance. We solve complex problems in the transportation and logistics, commercial and government fleet, industrial equipment and consumer vehicle markets by providing solutions that track, monitor and recover vital assets. The insights enabled by our cloud platform, apps, and advanced computing devices drive operational visibility, safety, efficiency, maintainability, and sustainability. Based in Irvine, Calif., CalAmp has more than one million software and service subscribers and 10 million peripheral devices deployed worldwide. For more information, visit calamp.comor LinkedIn, Facebook, Twitter, Youtube or CalAmp Blog.

Forward-looking statements
This announcement contains forward-looking statements (including within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and Section 27A of the US Securities Act of 1933, as amended) regarding CalAmp. These statements include, but are not limited to, statements that address our expected future business and financial performance and statements about (i) our plans, objectives and intentions regarding future operations, services and products, (ii) our position competitive and our opportunities, and (iii) other statements identified by words such as “may”, “will”, “expect”, “intend”, “plan”, “potential”, “believes”, “seeks”, “could”, “estimates”, “judges”, “targeting”, “should”, “anticipates”, “predicts”, “projects”, “aims”, “goal” and words, similar phrases or expressions. These forward-looking statements are based on management’s current expectations and beliefs, as well as assumptions made by management and information currently available to management, current market trends and conditions, and involve risks and uncertainties, many of which are beyond our control. , and which may cause actual results to differ materially from those contained in the forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect future results include risks associated with global economic conditions and concerns; the effects of or fear of global outbreaks of pandemics or contagious diseases, such as the recent coronavirus (COVID-19) pandemic; global component shortages due to supply chain constraints caused by the COVID-19 pandemic; disruptions to sales, operations, customer, supplier, employee and consumer relationships due to our sale of the LoJack North America business; our ability to successfully and in a timely manner complete our transformation into a SaaS solutions provider; our transition out of the automotive finance business; competitive pressures; prices go down; demand for our telematics products; the growth rates of our target markets; prolonged disruptions to our contract manufacturers’ facilities or other major operations; force majeure or force majeure– similar events at our contract manufacturers’ facilities, including component shortages; the continued diversification of our global supply chain; our reliance on outsourced service providers for certain key business services and their ability to meet our requirements; our ability to improve gross margin; cost containment measures; legislative, commercial, pricing and regulatory measures; integration, unanticipated charges or expenses related to acquisitions; the impact of legal proceedings and compliance risks; implementation of our new ERP system; the impact on our business and reputation of computer system failures, network disruptions, cyber attacks, loss or unauthorized access or disclosure of confidential information; the Company’s ability to comply with data protection laws and regulations; our ability to protect our intellectual property and the unpredictability of associated litigation costs; any expense or reputational damage associated with the resolution of product and customer warranty and indemnification claims; our ability to sell to new types of customers and keep pace with technological advances; market acceptance of the end products into which our products are designed; and other national, regional and global events and trends, including those of a political, economic, business, competitive and regulatory nature. Further information about these risks and other potential factors that could affect our financial results is included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including “Factors of Risk” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our most recent periodic reports filed on Form 10-K and Form 10-Q and subsequent filings, which you may obtain free of charge from the the SEC at http://www.sec.gov. We assume no intention or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, which speaks as of their dates. respectively, except as required by law.

CalAmp, LoJack, TRACKER, Here comes the bus, bus attendant, iOnVision, CrashBoxx and associated logos are among the registered trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon has acquired the LoJack® US Stolen Vehicle Recovery (SVR) business from CalAmp and has an exclusive license to the LoJack brand in the United States and Canada. All other trademarks or trade names mentioned are the property of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/091f3ce3-00bc-4b8f-bdd6-0e97f46491e1

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