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TRAKM8 HOLDINGS PLC

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Trakm8 partners with Adiona to offer a market leading platform to facilitate the ground-breaking driver data technology pilot

10/28/2021 | 03:51am EST

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Trakm8 partners with Adiona to offer a market leading platform to facilitate the ground-breaking driver data technology pilot

Trakm8 is delighted to announce its partnership with Adiona, a start-up offering a tech-enabled insurance product set to challenge the outdated legacy insurance approach. The partnership includes Trakm8 helping to develop the connected data and app solution behind the insurtech's ground-breaking driver data technology pilot.

Adiona, has developed a tech-enabled insurance product set to surpass incumbent grade premium pricing and offer a revolutionary customer experience with real value. The process involves direct communications with the participating customers advising in real time on how their driving behaviour impacts their insurance.

Trakm8 is a leading provider of technology solutions across the telematics industry and by working closely with the team at Adiona, has developed a platform and app solution that offers a seamless customer experience whilst managing the driver data across a range of devices.

Adiona CEO, Paul Harvey, commented on the partnership, "Our proposition, we believe, is truly ground-breaking in the insurance sector and to deliver this we needed to partner with the very best tech providers. Trakm8 has helped bring this product to life by working with us to develop a market-leading platform and app solution that pulls the proposition together giving our customers the very best experience."

Adam Gooch, Business Unit Director for Insurance at Trakm8, added, "We are delighted to be working with Adiona on its unique and truly innovative solution that is set to challenge the legacy models in the car insurance space. The insurtech is offering an insurance product that leverages data to offer real value to customers and the team at Trakm8 has worked hard to help deliver a market leading platform and app that is fundamental to this offering."

Disclaimer

Trakm8 Holdings plc published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 07:50:05 UTC.


© Publicnow 2021
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Financials
Sales 2022 19,0 M 25,6 M 25,6 M
Net income 2022 - - -
Net Debt 2022 6,00 M 8,07 M 8,07 M
P/E ratio 2022 -
Yield 2022 -
Capitalization 11,2 M 15,2 M 15,1 M
EV / Sales 2022 0,91x
EV / Sales 2023 0,66x
Nbr of Employees 183
Free-Float 17,6%
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Number of Analysts 1
Last Close Price 22,50 GBX
Average target price 56,00 GBX
Spread / Average Target 149%
Managers and Directors
Jonathan Edwards Group Financial Controller
John Ferris Watkins Executive Chairman
Mark Richard Watkins Chief Operating Officer & Executive Director
Penny Susan Searles Independent Non-Executive Director
Timothy Adam Cowley Director & Strategy Director
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