Cybit signs three year partnership with Lex Vehicle Leasing

• Cybit and Lex to develop and bring to market integrated fleet management solution
• Highlights Cybit’s focus on offering telematics as added-value proposition for resellers, fleet companies and service providers

Cybit has announced a three year strategic partnership with Lex Vehicle Leasing, the UK’s leading contract hire company, which should deliver revenues in excess of £3 million per year for Cybit. Lex and Cybit formed a new strategic agreement based on the success of Cybit’s initial partnership with Lex over the past 12 months, which exceeded expectations, and following a thorough review of the telematics marketplace by Lex. Under the new agreement, Lex will market Cybit's technology and products to its customers and prospects. Furthermore, Lex and Cybit intend to jointly develop an integrated solution based on elements of their web-based solutions - Interactive Fleet Manager and Fleetstar-Online. This will enable Lex’s customers to benefit from Cybit’s range of scalable telematics and fleet management tools.

The announcement follows Cybit’s recent partnerships with telecommunications reseller Vanguard plc and Scottish reseller Signature Industries, and highlights Cybit’s focus on offering its solutions as an added-value proposition for resellers, fleet companies and service providers.

"This is another significant step forward for Cybit," said Richard Horsman, Chief Executive of Cybit Holdings. "This deal fortifies the most successful partnership between a telematics and vehicle leasing company to date. Lex’s continued endorsement of our products highlights Cybit’s position as the fastest growing provider of telematics and fleet management solutions and confirms Fleetstar-Online as the most comprehensive solution of its kind in the marketplace."

Jon Walden, Managing Director, Lex Vehicle Leasing, added: "Following a review of telematics service providers, Lex is delighted to renew its partnership with Cybit. Significant factors included the achievements of the last 12 months, combined with both parties’ commitment to the development of the strategic alignment. Lex believes that this partnership will continue to offer its customers a real point of differentiation in the vehicle leasing marketplace."

Ian Walmsley, Cybit’s Head of Partnerships commented: "Our work with Lex is a further demonstration of Cybit’s distinctive, partnership-based approach. By offering our solutions on a scalable, open platform we enable our strategic partners to develop unique and differentiated propositions that reduce internal operating costs and deliver significant added value for customers."

Fleetstar-Online provides companies employing a mobile workforce with cost-effective ASP-based fleet management capabilities and rapid return on investment. Fleet vehicles are fitted with a small electronic in-vehicle-unit (IVU) which is tracked by GPS in real-time and data transmitted to Cybit’s online control centre to be accessed by users over the Internet with a standard web browser. Fleetstar-Online’s ‘anytime, anywhere’ fleet management tools include real-time location-based tracking of vehicles, up-to-the-minute traffic information, route planning and scheduling, historical reporting and analysis, journey replay, exception reporting and SMS capabilities.

About Lex
Part of RAC plc, Lex provides a comprehensive range of motoring and vehicle solutions to help businesses improve their efficiency and effectiveness. Lex is proud to have a motoring services heritage dating back to 1928. Today some 20,000 businesses across the UK, including two thirds of the FT-SE 100 companies, trust Lex to provide them with motoring and vehicle services.

The Lex businesses are:

• Lex Vehicle Leasing, the UK’s leading contract hire provider for company car and van fleets, with 99,000 vehicles under management. Lex Vehicle Leasing is a joint venture with Halifax plc.
• Lex Transfleet, an award-winning provider of commercial vehicle fleet support services, offering expert and impartial advice on fleet management, rental, contract hire, driver management solutions and workshop services. Lex Transfleet is a joint venture with Lombard North Central.
• Lex Komatsu South, providing Komatsu lift trucks on sale or contract hire together with comprehensive engineering support.
• Lex Commercials, the UK’s leading commercial vehicle dealer network, selling and maintaining new and used vans and trucks and selling van, truck and trailer parts.
• Lex Auto Logistics, providing purchasing, inventory management, warehousing and distribution of parts to support businesses’ logistics requirements.
• Lex Defence, providing a unique range of skills and services to support the fleet requirements of the British Armed Forces.

About Cybit
Cybit is the UK’s fastest growing provider of telematics and fleet management solutions and, through its distinctive open-platform approach, delivers a full range of Internet-based software and support services to mobile workforces. Key users of Cybit’s offering include service engineers, commercial vehicle operators, rental fleet operators and users, mobile office workers and local authorities. The Cybit product suite is the first in the market to combine a range high-technology telematics devices and Internet-based fleet management software with personalised service 24/7. This enables Cybit operators to obtain data and deliver services or assistance via wireless networks for safety critical events, accident or breakdown, as well as providing support if a vehicle is stolen, or a driver is late or lost. Cybit is also the first company to combine these high technology solutions with a car pooling service to address vehicle congestion and optimise resources.

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