IRVINE, Calif., June 3, 2019 /PRNewswire/ -- CalAmp (Nasdaq:
CAMP), a technology solutions pioneer transforming the global
connected economy, today announced the addition of two new members
to its board of directors: Scott
Arnold and Jason Cohenour,
industry experts in Software-as-a-Service (SaaS) and Internet of
Things (IoT), respectively.
"I am delighted to welcome Scott and Jason
to CalAmp's Board of Directors," said A.J. "Bert" Moyer,
CalAmp's Chairman of the Board. "CalAmp has recently increased its
international footprint through strategic acquisitions and
accelerated its transformation to SaaS-based recurring revenue.
These two new directors align perfectly with our strategy. Scott
and Jason will bring fresh insights and perspectives as well as
unique technology expertise that will help us drive continued
profitable growth in the years ahead."
"CalAmp's vision for a global connected economy that links and
manages complex IoT deployments through the CalAmp Telematics Cloud
platform is exciting and represents a strategic customer mandate in
many vertical markets. CalAmp is well positioned for growth and I'm
thrilled to be at the table," said Scott
Arnold, current President of Shutterfly Enterprise (a
subsidiary of Shutterfly, Inc. (Nasdaq: SFLY)).
Arnold also sits on the Board of Visitors at Duke University's Pratt
School of Engineering, and was previously the President and
CEO at AppSense and a partner in McKinsey's Silicon Valley office.
He joins CalAmp's board bringing an extensive background in SaaS
and enterprise software, along with a passion for optimizing
customer experiences and driving product innovation.
Jason Cohenour joins the CalAmp
board with many years of international M&A, operations,
marketing, and sales experience. In a prior role, he served as
President, CEO, and Director at Sierra Wireless (Nasdaq: SWIR),
where he led the company through a multi-year transformation from a
mobile computing pure play to the global leader in intelligent
wireless solutions for the IoT.
"I am thrilled to join the Board of Directors of CalAmp," said
Cohenour. "As an established technology solutions pioneer who is
scaling their SaaS business, the company is well positioned to lead
transformation in the global connected economy. I look forward to
supporting the CalAmp team as they pursue their growth and value
creation goals."
With the additions of Arnold and Cohenour, Kimberly Alexy will step down from the CalAmp
board after 11 years at the end of her term on July 24, 2019.
"While I will miss working with the management team and my
fellow board members, I am excited to welcome our newest additions,
Scott and Jason," said Alexy. "CalAmp has been committed to board
refreshment and adding increased SaaS and contemporary operating
expertise. With three strong additions to the board in the past 12
months, I feel my time has come to step down. I wish the entire
CalAmp team great success in the years ahead."
"CalAmp's newest board member additions come as a result of our
continued momentum and growth. In the past year, the company has
expanded its connected vehicle solutions to dynamic markets like
construction equipment, consumer telematics, commercial fleets and
transportation and logistics," said Moyer.
"As part of our goal to increase our global footprint, we've
recently made three acquisitions with the additions of LoJack
Mexico, Synovia Solutions and Tracker UK," said Michael Burdiek, President & CEO of CalAmp.
"These acquisitions are a stepping stone for CalAmp, marking an
anticipated boost to the company's recurring revenue from SaaS
services to over $30 million a
quarter by the second half of the current fiscal year."
About CalAmp
CalAmp (Nasdaq: CAMP) is a
technology solutions pioneer transforming the global connected
economy. We help reinvent businesses and improve lives around the
globe with technology solutions that streamline complex IoT
deployments and bring intelligence to the edge. Our software
applications, scalable cloud services, and intelligent devices
collect and assess business-critical data from mobile assets,
cargo, companies, cities and people. We call this The New
How, powering autonomous IoT interaction, facilitating
efficient decision making, optimizing resource utilization, and
improving road safety. CalAmp is headquartered in Irvine, California and has been publicly
traded since 1983. For more information, visit calamp.com, or
LinkedIn, Facebook, Twitter, YouTube or CalAmp Blog.
CalAmp and the CalAmp logo are among the trademarks of CalAmp
and/or its affiliates in the United
States, certain other countries, and/or the EU. Any other
trademarks or trade names mentioned are the property of their
respective owners.
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SOURCE CalAmp