DriveCam

DriveCam
DriveCam, Inc.
Type Private
Industry Driver risk management, Fleet safety, Fleet video recorder, Driver safety programs, Fuel management, Vehicle tracking
Founded 1998
Headquarters San Diego, California
Key people Brandon Nixon (CEO), William Ruff (CFO)
Website www.drivecam.com

DriveCam, Inc. is a global driver risk management company located in San Diego, California. It specializes in designing, manufacturing and selling video driver safety programs used by commercial fleets. The company focuses on identifying and addressing the root causes of poor driving behavior by combining sight and sound with real-time driver feedback and coaching resulting in reductions in collision-related costs and fuel consumption.[1][2][3]

DriveCam serves primarily waste management and sanitation; concrete and construction; transit, para transit and motor coach; utilities, telecom and services; trucking and distribution; government and municipality vehicles.[4]

Contents

Corporate history

DriveCam was founded in 1998 by Gary Rayner as the result of a road-rage incident. After the incident occurred, Rayner wanted to create a way to capture what occurred on the road.[5]

By November 2002, the company received three patents for technology related to its DriveCam video event data recorder. The DriveCam video event recorder was part of a complete Driving Feedback System used by commercial fleets to monitor, track and improve driving performance.[6]

In 2005, DriveCam was included on Inc. Magazine’s list of the 500 fastest-growing, privately held companies in the U.S. and remained on this list for three consecutive years.[7] The company was also listed as one of the top 200 contenders for the Red Herring 100 North America list in 2006.[8]

In 2007, DriveCam partnered with American Family Insurance to provide a video feedback program in which parents can review the actual driving actions of their teens. In 2010, DriveCam’s teen safety program was awarded by the National Safety Council. American Family Insurance received the 2010 Teen Driving Safety Leadership Award for its Teen Safe Driver Program.[9] The program was validated by scientists at the University of Iowa to produce a 70% reduction in risky driving behavior.[10]

In April 2007, DriveCam added cellular technology to its systems which enabled the data to be uploaded wirelessly to DriveCam’s Data Center and immediately available to the fleet manager for review.[11]

In 2008, the company unveiled RiskPredict® pattern-recognition software that assists in predicting the riskiest drivers within a fleet. Through a process of scoring, prioritizing and tracking the results of behaviors, this model identifies those behaviors that will most likely lead to a collision.[12]

In 2009, the company launched DriveCam Online®, a driver management portal that includes dashboards for company-wide visibility, accountability and hotspot mapping for analysis of poor driving.[13]

The company’s big breakthrough was in 2010 when it experienced an orders growth of 87% by adding major new fleets from Sysco, Masco and the Washington Metropolitan Transit Authority (WMATA) as well as extending relationships with top-tier fleets such as AmeriGas and Waste Connections.[14] In 2010, DriveCam was listed as #30 on the Wall Street Journal’s List of Top 50 Venture-Backed Companies.[15]

In 2010, DriveCam released a behavior-based Fuel Management solution to provide online reporting and coaching to improve fuel efficiency and lower emissions. This release also included a Fleet Tracking solution that provides a real-time view of fleet operations – helping to ensure compliance and improve productivity. [16]

In January 2011 Drivecam’s program was enhanced with Geo-Fencing that monitors and reports on vehicles that travel inside or outside of a specific geographic area.[17]

In April 2011, DriveCam was awarded a Blanket Purchase Agreement by the US General Services Administration for the purchase of DriveCam in-vehicle video recorders and driver feedback systems for the purpose of GPS vehicle tracking and in-vehicle video recording.[18] In August 2011, DriveCam became an awarded National Joint Purchasing Alliance (NJPA) Vendor.[19]

In 2011, DriveCam participated in Zurich’s Zurich Fleet Intelligence (ZFI) Program[20] and the Hartford’s FleetAhead Program.[21]

Corporate information

DriveCam is a privately-owned company. Major investors are Insight Venture Partners, Integral Capital Partners, JMI Equity, Menlo Ventures, Triangle Peak Partners. Since September 2008, DriveCam is under the leadership of the CEO, Brandon Nixon.[22] The Board of Directors includes Justin Jaschke, Brandon Nixon, Doug Carlisle, Larry Handen, Mike Morgan, Peter Arrowsmith and Tom LaFleur.[23]

DriveCam currently hold seven patents for its innovative design.[24][25] It has operations in North America, Europe, Africa, Australia, the United States, Canada, Ireland, the United Kingdom, South Africa and the Philippines.

Products

DriveCam provides the following primary solutions:[26]

  • Driver Safety & Risk Management – a driver-based analytics solution that enables fleet managers to identify, assess and correct risky driving behaviors before they lead to a collision. The DriveCam Program involves the installation of a video event recorder in the vehicle behind the rearview mirror. The recorder includes two lenses – one facing the front of the vehicle and one facing the interior of the vehicle – that capture events generated by the recorder’s g-force sensors while also providing real-time in-cab feedback to the driver.
  • Fuel Management - a behavior-based Fuel Management System that measures traditional metrics such as vehicle idling, speeding, and vehicle forces to improve fleet performance and fuel efficiency.
  • Fleet Tracking - a video event recorder with integrated GPS that provides a real-time view of fleet operations.

See also

References

  1. ^ Bigelow, Bruce (2009-03-26). "New DriveCam CEO Is Focused on the Road Ahead". Xconomy. http://www.xconomy.com/san-diego/2009/03/26/new-drivecam-ceo-is-focused-on-the-road-ahead/2/. Retrieved 2011-08-14. 
  2. ^ Richesson, Brian (2011-06-01). "An incident-based camera installed in vehicle fleets gives propane marketers insight into driving behavior". LPGas Magazine. http://www.lpgasmagazine.com/propane-retail-operations/safety-training/eyes-road. Retrieved 2011-08-22. 
  3. ^ Wolfe, Greg (2010-11-01). "DriveCam Can: Video Technology Reduces Vehicle Crash Risk". State Magazine. http://digitaledition.state.gov/article/DriveCam+Can%3A+Video+Technology+Reduces+Vehicle+Crash+Risk/540302/51167/article.html. Retrieved 2011-08-22. 
  4. ^ "DriveCam, Inc. - Portfolio Company Report". Thomson Financial's Venture Economics. 2011-07-22. http://www.alacrastore.com/storecontent/Thomson_Venture_Economics/DriveCam_Inc-Y175838. Retrieved 2011-08-14. 
  5. ^ Fillion, Roger (2001-06-01). "A ‘Black Box’ for Your Car". Inc.. http://technology.inc.com/2001/06/01/a-black-box-for-your-car/. Retrieved 2011-08-14. 
  6. ^ "DriveCam Video Systems Granted Third Patent; Patents Strengthen the Company's Technology Leadership Position". Business Wire. 2002-11-05. http://www.theautochannel.com/news/2002/11/05/150031.html. Retrieved 2011-08-22. 
  7. ^ Matthews, Carole (2005-09-23). "Inc. 500 Countown: DriveCam". Inc.. http://www.inc.com/staff-blog/2005/09/23/inc_500_countown_drivecam.html. Retrieved 2011-08-14. 
  8. ^ "Red Herring Releases Short-List of Finalists for the "Red Herring 100 North America" Awards". Market Wire. 2006-04-05. http://www.marketwire.com/press-release/Red-Herring-Releases-Short-List-Finalists-Red-Herring-100-North-America-Awards-681400.htm. Retrieved 2011-08-22. 
  9. ^ Burton, Richard (2010-10-06). "An auto insurance company awarded for safe driving program for teenagers". AutoQuoteNow.com. http://www.autoquotenow.com/auto-insurance-news/local/an-auto-insurance-company-awarded-for-safe-driving-program-for-teenagers-3165.php. Retrieved 2011-08-14. 
  10. ^ "Teen Driving Safety Leadership Award". National Safety Council. http://www.nsc.org/safety_road/TeenDriving/Pages/TeenDrivingSafetyLeadershipAward.aspx. Retrieved 2011-08-06. 
  11. ^ "DriveCam goes cellular". Fleet Owner. 2005-09-23. http://fleetowner.com/information_technology/news/drivecam_goes_cellular/index.html. Retrieved 2007-04-16. 
  12. ^ Johnson, Colin (2005-05-13). "DriveCam identifies risky driving". EE Times. http://www.eetimes.com/electronics-news/4077012/DriveCam-identifies-risky-driving. Retrieved 2011-08-22. 
  13. ^ "Sprint Announces New Emerging Solutions Unit to Bolster M2M and Mobile Computing Portfolio, Accelerate Delivery to Marketplace". Business Wire. 2009-10-06. http://www.pymnts.com/sprint-announces-new-emerging-solutions-unit-to-bolster-m2m-and-mobile-computing-portfolio-accelerate-delivery-to-marketplace-20091006006188/. Retrieved 2011-08-14. 
  14. ^ "DriveCam Announces Orders Growth of 87% in 2010". Business Wire. 2011-01-13. http://www.allbusiness.com/company-activities-management/financial-performance/15442144-1.html. Retrieved 2011-08-14. 
  15. ^ Needleman, Sarah (2011-03-10). "Revisiting Last Year's List". The Wall Street Journal. http://online.wsj.com/article/SB10001424052748704758904576188590203243156.html?hat_input=drivecam. Retrieved 2011-08-22. 
  16. ^ "Waste Connections Commits to DriveCam 5-Year Managed Services Contract Across Entire Fleet". Enhanced Online News. 2011-02-10. http://eon.businesswire.com/news/eon/20110210006615/en/waste/waste-connections/fleet-tracking. Retrieved 2011-08-22. 
  17. ^ "Transcending new frontiers". FOCUS On Transport and Logistics. 2011-07. http://www.focusontransport.co.za/features/featured-in-july-2011/665-transcending-new-frontiers.html. Retrieved 2011-08-14. 
  18. ^ "DriveCam Awarded Blanket Purchase Agreement Contract from US General Services Administration". Business Wire. 2011-05-11. http://www.thefreelibrary.com/DriveCam+Awarded+Blanket+Purchase+Agreement+Contract+from+US+General...-a0256050774. Retrieved 2011-08-22. 
  19. ^ Basich, Greg (2011-06-07). "GFX Pre-Conference Session Features Practices from the 100 Best Fleets". Government Fleet Magazine. http://www.government-fleet.com/News/Print/Story/2011/06/GFX-Pre-Conference-Session-Features-Practices-from-the-100-Best-Fleets2.aspx. Retrieved 2011-08-22. 
  20. ^ "DriveCam and Zurich Partner on Fleet Risk Management". Reuters. 2011-02-04. http://findarticles.com/p/news-articles/wireless-news/mi_hb5558/is_20110204/drivecam-zurich-partner-fleet-risk/ai_n56797707/. Retrieved 2011-08-22. 
  21. ^ "The Hartford Helps Fleet Managers Reduce Risky Driving Behavior". Wireless News. 2011-04-27. http://www.reuters.com/article/2011/04/27/idUS227929+27-Apr-2011+BW20110427. Retrieved 2011-08-22. 
  22. ^ "DriveCam announces Brandon Nixon as new CEO". JMI Equity. 2008-09-04. http://www.jmiequity.com/newsarticle/drivecam-announces-brandon-nixon-as-new-ceo. Retrieved 2011-08-14. 
  23. ^ "DriveCam's Board of Directors". http://www.drivecam.com/our-company/board-of-directors. Retrieved 2011-08-14. 
  24. ^ "DriveCam, Inc. Patents". Patent Genius. http://www.patentgenius.com/assignee/DrivecamInc.html. Retrieved 2011-08-14. 
  25. ^ "Rayner; Gary A. Patents". Patent Genius. http://www.patentgenius.com/inventedby/RaynerGaryASanDiegoCA.html. Retrieved 2011-08-14. 
  26. ^ Marcus, Stephen (2011-06-27). "DriveCam – the watchful eye on how you drive". Cleantech Group. http://blog.cleantech.com/sector-insights/transportation/drivecam-%E2%80%93-the-watchful-eye-on-how-you-drive/. Retrieved 2011-08-14. 

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