Free press releases distribution network?

Agency / Source: MiX Telematics

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

TeliMatrix Limited Lists on JSE Mainboard - OmniBridge, a world leader in fleet management solutions, together with Matrix, announced the listing of Telimatrix Limited on the Johannesburg Stock Exchange
TeliMatrix Limited Lists on JSE Mainboard


PRZOOM - /newswire/ - Stellenbosch, Western Cape, South Africa, 2007/11/14 - OmniBridge, a world leader in fleet management solutions, together with Matrix, announced the listing of Telimatrix Limited on the Johannesburg Stock Exchange. NYSE: MIXT; JSE: MIX

Your Banner Ad Here instead - Showing along with ALL Articles covering Tracking/Navigation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


In one of the most anticipated listings in months, telematics group, TeliMatrix Limited (TeliMatrix) today listed on the JSE main board. The share opened strongly at 180 cents, 5 cents higher than its placement price of 175 cents and was trading at 180 cents at 1pm, with over 4million shares having traded.

TeliMatrix provides a broad range of alternatives including vehicle tracking-and-recovery, driver safety and advanced fleet management products and services. Its recent acquisition of OmniBridge will strengthen its market position and expand its geographic footprint into 6 continents. TeliMatrix’s primary reason for listing was to facilitate the OmniBridge transaction, no capital was raised during the listing and no new shares were issued. The listing also enables TeliMatrix to take advantage of future acquisitive opportunities and increase public awareness of the company both locally and internationally.

Stefan Joss, CEO of TeliMatrix says: “TeliMatrix is very proud to be listed on the JSE. Through our highly cash generative businesses and the flexibility we now have of being a public company, we will be able to extend our local and global reach through organic and acquisitive growth.”

Joss adds: “TeliMatrix and OmniBridge compliment each other well and operate off similar technology platforms. Combining the two companies’ markets will enable us to roll out our recurring revenue model into the existing international distribution channel.”

At the current share price, the company’s market capitalisation stands at around R1.2 billion, with 640 million shares in issue.

About TeliMatrix
TeliMatrix ( was established in 1995 as a vehicle tracking and recovery business operating under the Matrix brand. In 2005 Kagiso acquired 25% of its equity to facilitate the company’s empowerment objective. With the aim of creating an integrated group focusing on all levels of vehicle telematics, In TeliMatrix acquired OmniBridge in 2007. The various businesses within TeliMatrix are all independently profitable and cash-generative.

TeliMatrix has three divisions:

Matrix was founded in 1995 by current TeliMatrix CEO Stefan Joss. With over 135 000 active subscribers it now has the largest GSM tracking subscriber base in the country. Matrix’s core activity is vehicle recovery and the business owns its own helicopter and operates a network of dedicated ground response teams throughout South Africa. Advanced technology gives Matrix a significant competitive advantage and has allowed it to expand its product offering and focus on value-added services. Examples of these value-added services include features such as “Crash Alert” and “No-Go Zones.”
“Crash Alert” sends a signal to the control room when a vehicle experiences a high impact and “No-Go Zones” alerts the control room when a vehicle enters an area that was identified as a high risk area where the owner is unlikely to travel. In both cases appropriate response teams (either medical or security) are immediately deployed.

About OmniBridge
OmniBridge ( was founded in 1997, OmniBridge specialises in the design, development and sale of fleet management products and services for the commercial vehicle market globally. The products offer the full suite of information for complete fleet management including information about vehicle performance, driver performance, fuel consumption, location, tracking and utilisation. OmniBridge provides a wide range of solutions, primarily targeted at driver safety, productivity, and risk management. Its products are sold in over 75 countries through a global distribution network. Product brands include VDO FM (fleet management) and Datatrak. They have an installed base of over 300 000 on-board computers worldwide. OmniBridge has launched a subscription-based data delivery service called FM-Web which already has 14 000 connections generating healthy recurring revenue. In 1997, Siemens VDO abandoned its own internal onboard computer project and undertook to distribute the OmniBridge product range exclusively worldwide. In 2007 Siemens decided to exit all of its automotive businesses allowing OmniBridge to secure direct control of its worldwide distribution network as well as a direct presence in the United Kingdom and Europe.

About OmniBridge Europe
OmniBridge Europe was born out of OmniBridge’s acquisition of Siemens’s fleet management business in 2007. OmniBridge UK forms the hub of the group’s distribution into Europe and the Middle East with offices in the UK and Germany. Also part of the acquisition from Siemens, Datatrak is a vehicle tracking, fleet management and vehicle telematics business based in the United Kingdom (UK). It has its own proprietary communication network covering the UK. 80% of cash-in-transit vehicles in the UK are fitted with Datatrak products. OmniBridge Europe has 44 active and committed VDO FM distributors throughout Central and Eastern-Europe and the Middle East.

Your Banner Ad Here instead - Showing along with ALL Articles covering Tracking/Navigation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Agency / Source: MiX Telematics


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker


Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
Tracking Navigation - Purchase keywords tags asset tracking, fleet management / Banner Ads!.

  Your Banner Ad showing on ALL
Tracking/Navigation articles,
CATCH Visitors via Your Competitors Announcements!

TeliMatrix Limited Lists on JSE Mainboard

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
OmniBridge | TeliMatrix
Contact: Frances Gain - 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any MiX Telematics securities in any jurisdiction including any other companies listed or named in this release.

Tracking/Navigation via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Press Releases From MiX Telematics / Company Profile

Read Tracking/Navigation Most Recent Related Press Releases:

Automotive Navigation Systems Market to Partake Significant Development During 2017-2025 Finds PMR
Oilfield Services Leader C&J Energy Services Upgrades to MiX Telematics Fleet Management Solutions for 3500+ Vehicles
SDA and AGI to Launch Next Generation Space Traffic Management Service
Cesium’s 3D Tiles Selected for Swiss Geospatial Portal
Seeing Machines Concludes Global Distribution Agreement with MiX Telematics
Safran’s Flight Calibration System to be Used by Peru’s Civil Aviation Sector
Telespazio, Through The Joint Venture Spaceopal, Will Manage The Galileo System
Thales Alenia Space Wins European Commission Contracts to Support ESA and GSA for Galileo System Engineering and Operational Support Services
Safran’s SpaceNaute Navigation System Chosen for New Ariane 6 Launch Vehicle
AGI Partners with Singapore’s NTU-ATMRI to Develop Urban UTM Solutions

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...


Visit  La Bella Bakery Artisan Bakery Arizona


Visit  SKS Media | SKS Associates Ltd

  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today