GMT Connect secures €250,000 Investment for their IOT (Internet Of Things) Vehicle Tracking Device.

29 Jul 2020 Jodie Gilpin By Jodie Gilpin

GMT Connect is currently celebrating its second round of funding in a deal worth over a quarter of a million euro which will see the company grow its staff base to 10 people within the next 12 months. Established in 2009, GMT has developed an adaptable product which enables on-line vehicle supervision; this includes remote tracking, deactivation of stolen vehicles via ‘safe engine cut off’, monitoring and accident reconstruction.

GMT’s multi-function unit supports fleet vehicles, insurance companies, security companies, leased vehicles, company cars, farm machinery, privately owned vehicles and lone workers. Its products can monitor driver behaviour and vehicle metrics, enabling a company to have full visibility on its assets at any given time; such visibility includes food storage unit temperature, fuel consumption, tire pressure, alerts if the driver is distracted, speeding, making aggressive lane changes etc. Emergency communication options are also available such as cameras, speakers, microphones and panic buttons, connected to a 24hr Call Centre.

Speaking about the announcement, the companies Director Glenn Pearson has said “we are looking towards the future now, capitalising on international markets and growing our business from Limerick. GMT connect has already won some major contracts in Northern Ireland, the United Kingdom and the UAE so I’m happy to say, that the outlook is very positive. Thus far, we have been very fortunate in terms of local support, in the form of VC investment from Averian Investments, ongoing office and consultancy from Bridgewater, development support from LIT’s LEAP programme, LEO and Enterprise Ireland. I believe that the backing we have received is testament to the eco-system that Limerick has right now and the great support that is out there for technology companies like ours”. http://www.gmtconnect.com/gmt-connect-secures-investment/