EROAD (ASX:ERD) - CEO, Steven Newman
CEO, Steven Newman
Source: NBR
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  • Transport technology services provider EROAD (ERD) has signed Ventia as its largest Australian enterprise customer
  • Ventia specialises in long-term operation, maintenance and management of critical public and private assets and infrastructure for corporate and government clients in Australia and New Zealand
  • The company has entered into a five-year deal for a monthly subscription to EROAD’s software-as-a-service products
  • Ventia is now set to install roughly 2500 Ehubo 2 devices in its Australian fleet and a further 1500 in its New Zealand fleet throughout 2021
  • EROAD says the deal will almost double its presence in Australia, with up to 20,000 connected vehicles in its remaining short-to-medium-term enterprise pipeline
  • EROAD (ERD) shares are up 5.48 per cent, trading at $4.62 each

Transport technology services provider EROAD (ERD) has signed Ventia as the company’s largest Australian enterprise customer.

Ventia specialises in the long-term operation, maintenance and management of critical public and private assets and infrastructure for corporate and government clients across a broad range of sectors.

The company has now entered into a five-year deal for a monthly subscription to EROAD’s software-as-a-service products.

Under this agreement, Ventia is set to install roughly 2500 Ehubo 2 devices in its Australian fleet of vehicles and a further 1500 in its New Zealand fleet throughout 2021.

EROAD made its debut in the Australian market in 2018 and since then has been building its brand on the back of regulatory reform, which it says has facilitated a significant low-cost growth option.

As at December 31, last year, the company was providing monthly subscriptions to small-to-medium customers with 2625 connected units.

The deal with Ventia is set to almost double EROAD’s presence in Australia, which has a remaining short-to-medium-term enterprise pipeline of up to 20,000 connected vehicles.

EROAD CEO Steven Newman said the company looks forward to delivering best safety outcomes with Ventia.

“EROAD is pleased to announce that Ventia, an existing New Zealand customer for a number of years, has chosen to come on board as an Australian enterprise customer as well as significantly increasing the size of its New Zealand fleet utilising EROAD services,” Steven said.

Ventia CEO Dean Banks also commented on the partnership.

“Safety and health above all else is our number one priority at Ventia,” he said.

“We are delighted to enter this strategic partnership with EROAD, which will enhance our ability to improve safety for our people, our clients and the communities we operate in,” Dean added.

EROAD shares are up 5.48 per cent, trading at $4.62 at at 11:39 am AEST.

ERD by the numbers
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