Frost & Sullivan has awarded Targa Telematics with its Europe Technology Innovation Leadership Award for 2022.  

The award recognises Targa for how its technology helps leasing and rental companies significantly minimise expenses while maximising customer satisfaction

Part of its Best Practices accolades, the award assesses the European vehicle leasing and rental telematics industry across the board and saw Targa recognised for how its technology helps leasing and rental companies significantly minimise expenses while maximising customer satisfaction.   

Its analysis of Targa accredited the firm for its work to understand bespoke client needs and address them with the most up-to-date and cutting-edge solutions, supported by extensive research and development by industry professionals.    

Rajesh Depores, an industry analyst for Frost & Sullivan, said: “Targa combines unique smart mobility features and fleet management solutions with IoT, artificial intelligence, and machine learning to make connectivity in the vehicle leasing and rental space a hassle-free experience. Targa’s transformational technology reshapes market boundaries. Sustainable leadership, client testimonials, and commercialization success are testaments to its remarkable impact on the vehicle leasing and rental telematics industry.”  

Praising Targa for its work, Ojaswi Rana, Frost & Sullivan best practices research analyst, added: “The open innovation approach involves co-creating with its customers, partners, and universities to discover new technologies. The company’s open platform allows embedding third-party and internally developed technologies, supporting mobility operators in quickly developing new mobility products.”   

Nicola De Mattia, Ceo at Targa Telematics, commented: “It is great to see that the hard work done by the whole Targa Telematics’ team over the last years has been recognised by such a leading firm. This recognition will be a further boost for making a difference in creating value for our partners and supporting them in the transformation of their business. Aiming that we will continue to develop co-creation projects with our customers, supporting them during their digital journey and developing best-of-breed connected car solutions to increase their market competitiveness.”