IPVideo Corp. announced it has acquired the assets of Vuro Technologies, a provider of AI-enabled driver and fleet vehicle monitoring and safety. The technology will be rebranded as VuroAI and is said to complement IPVideo’s product portfolio of event-driven security and safety solutions.
The acquisition will provide IPVideo’s national sales channel to strengthen and expand its service offerings and enhance product capabilities, according to the announcement. Vuro Technologies is best recognized for using technology to improve the safety and efficiency of the operation of public agency, commercial and private fleets with their Vuro Fleet Telematics Solution.
“Our customers and dealers have been asking us for security services for vehicles and with the addition of VuroAI to our product portfolio, we are now able to fulfill that need,” said IPVideo President David Antar. “VuroAI is a comprehensive solution that employs IoT and AI technology to monitor driver behavior, in-vehicle performance, and real-time GPS tracking.”
Antar continued, “It offers the right tools for fleet managers to prevent incidents, coach and reward drivers to avoid dangerous behaviors, protect and exonerate drivers from unjust accident claims, and maintain the organization’s reputation. Safer driving ultimately benefits all road users.”
VuroAI delivers unique insight to keep fleets productive and profitable, the announcement stated. The system is said to autodetect distracted driving behaviors, harsh vehicle maneuvers and a host of vehicle operating parameters. Depending upon the severity, the alerts can be announced audibly to the driver, uploaded to the cloud for driver coaching or sent via email. Its real-time data is uploaded to the cloud to support a variety of analyses such as fleet utilization, preventative maintenance, route optimization, fuel usage and more.
Terms of the transaction were not disclosed.
