Lytx Reaches 200,000 Subscriptions for Video-Based Safety Service
Photo courtesy of Lytx.
Lytx reached a record growth of 57,000 new subscriptions in service for 2014, the company announced.
Lytx had a banner year, reaching an all-time high of over 200,000 SIS, adding more in 2014 alone than all other providers have in the history of their companies combined.
"The momentum toward video-based safety and compliance solutions is accelerating across most transportation segments as evidenced by our continued trend of doubling subscriptions every two years," said Brandon Nixon, Lytx CEO. "It took us six years to reach the milestone of 100,000 SIS protected by our program; we provisioned the second 100,000 in less than the last two years alone."
Some of the company's 2014 highlights include: more than $100 million orders for the third consecutive year, 80 percent reduced collision costs, and 25,007 potential commercial vehicle collisions prevented each year.
Lytx's DriveCam Program and RAIR Compliance Services is the only comprehensive solution that enables fleets to both reduce collision, fuel and maintenance costs resulting in an average six month payback, and improve seven BASICs of a fleet's CSA score by effectively changing driving and compliance behavior.