Volvo Has Acquired a 22% Ownership Stake in US Fleet Software Developer Company

Volvo Has Acquired a 22% Ownership Stake in US Fleet Software Developer Company

Volvo CE has taken a 22% ownership stake in VizaLogix, a US-based software-as-a-service (SaaS) company specializing in digital, brand-neutral solutions for machine monitoring, servicing and tech support in multiple industries. The deal supports the Volvo strategy to grow services that customers are looking for as digitization and data take on increasing importance among construction and mining fleets and equipment dealers.

(Source: VizaLogix)
Scott Young, Head of Region North America, Volvo said that the partnership is a great fit since both VizaLogix and Volvo share the same goal to improve customer experience through increased efficiency, uptime and productivity.

“VizaLogix provides brand-neutral SaaS solutions that are easy to integrate and use, helping fleets, dealers and OEMs make smarter decisions.”

VizaLogix will continue to operate independently and support multiple brands with their products.

Shawn Bonnington, CEO, VizaLogix said:

“As we embark on this exciting new chapter with Volvo, we are thrilled to welcome them as a strategic minority investor in VizaLogix. This partnership marks a significant milestone for us, reaffirming our commitment to pioneering innovative solutions in the construction equipment industry and we are confident that together, we will drive even greater value for our customers and stakeholders,”

Developing customer solutions

VizaLogix offers products that are different from and, in some cases, complementary to Volvo services. These include:

  • TethrITNow: Equipment and Technician support that includes real-time collaboration over multiple channels, including video calls that allow for augmented reality overlays that let users visually point, highlight and mark exact areas of focus.
  •  TechnicianNow: Streamlined technician deployment that lets customers request service via mobile application, eliminating wait times and providing them with real-time availability of parts and services.
  • 3602: 24/7 machine health monitoring that integrates multi-brand fleet data into one platform.
  • Vantage Point: Stores quarry site productivity and utilization data in one data-agnostic platform, allowing for easy access to real-time and historical data.
TethrITNow (Source: VizaLogix)

Volvo has been developing services like ActiveCare Direct advanced telematics, Assist machine control systems and productivity services like Connected Map, Task Manager and Connected Load Out.

(Source: Volvo)