Paul Stacy joins IMS in global BD role
Paul Stacy, founder of Wunelli and an entrepreneur in telematics tech, has joined IMS (Insurance & Mobility Solutions) as global business development director.
Stacy brings a strong insurance telematics background and was most recently at LexisNexis Risk Solutions, where he held the roles of R&D director and director of automotive development, EMEA, following the firm’s acquisition of Wunelli in 2014.
His arrival at IMS marks the latest in a string of senior hires over the last 18 months, including ex-Octo North America CEO, Nino Tarantino, in the US, and ex-JLR executive Leon Hurst in the UK. The company also added COO Christoph Burtscher and CTO Nik Southworth to its executive team.
In his new role, Stacy will report to CEO Nick Corrie and will have an immediate focus on exploring opportunities in new markets where IMS doesn’t currently have a presence and helping to drive its data insights business, supplementing after-market sensor and app data with data directly from the connected car.
Parent firm Trak Global Group, which acquired IMS in 2018, took on a minority growth capital investment from Three Hills Capital Partners in 2019, to enable it to more rapidly execute its growth plans.
“We want to go beyond our core markets in Europe and North America, leveraging our assets and IP to become a global leader in connected vehicle data,” Stacy commented. “This includes China and Australasia, where there are a number of exciting opportunities on our radar to enter these new geographies, including partnerships.”
IMS recently launched its Vehicle Data Exchange, which provides live, real-time access to vehicle insights and mobility data from OEM-embedded hardware, any aftermarket device or smartphone application.