Targa Telematics has been honored with the 2023 European Company of the Year Award by Frost & Sullivan for its remarkable contributions to the telematics connectivity sector, particularly in leasing, rental, and usage-based insurance (UBI). As the second leading telematics company in Europe, Targa Telematics offers a broad range of Internet of Things (IoT) solutions, which have garnered the attention of top Italian insurtech companies and global brands. By harnessing driver-vehicle interaction, the company drives cost savings, enhances driver safety, and reduces carbon emissions.

Targa Telematics has over 950 clients in Europe, and its commitment to innovation and customer engagement has enabled it to develop flexible and comprehensive solutions. The company adapts to emerging market trends and evolving client needs, resulting in industry-leading products. Its focus on fleet management and car-sharing platforms positions it as a market leader in connected vehicles and smart mobility. Recent strategic acquisitions have further solidified its status as a key developer of future mobility solutions.

The CEO of Targa Telematics, Nicola De Mattia, emphasized the importance of continuous investment in cutting-edge technology and co-creation with clients. This approach enables clients to derive maximum value from advanced digital solutions like AI and machine learning.

Frost & Sullivan recognized Targa Telematics with the Company of the Year Award for its impressive growth strategy, innovative products, and industry leadership. This award highlights the company's commitment to excellence in digital solutions and collaborative customer partnerships.

Frost & Sullivan Best Practices awards acknowledge companies that excel in various markets by demonstrating exceptional achievements in leadership, innovation, customer service, and product development. These awards are the result of extensive analysis, interviews, and research to identify industry best practices and outstanding performance. Frost & Sullivan has a long history of helping organizations navigate economic changes and identify growth opportunities.