indeed, if you look at some of the larger peer comps like CALAMPS (CAMP), they generate tens of millions of dollars from subscription revenues, and fleet tracking is a rapidly growing segment for telematics / SAAS providers which is why I strongly believe IGEN will eventually get acquired.
The CEO specializes in "Commercial Contract Negotiations, Exits & Liquidity Events".
PappaJohn I believe you are correct about the connection between MCUL Service Corporation and CU Solutions Group. They are either the same company or under the same umbrella.
From the PR:
"MCULSC's partnership with IGEN gives us an exciting opportunity to continue providing the relevant products and services Michigan credit unions need to be successful," said MCUL & Affiliates CEO Dave Adams. "It makes perfect sense for us and our team is excited for the road ahead."
Dave Adams is the president and CEO of both MCUL and CU Solutions Group, and they share the same corporate address.
CU Solutions Group:
Headquartered in Livonia, Michigan, we proudly serve more than 3,400 credit union clients nationwide along with partners across 48 states. We have built strong alliances with Sprint, Intuit TurboTax®, GSTV and CU Vendor Management.
We are majority-owned by the Michigan Credit Union League and have more than 100 investors comprised of leagues, credit unions and credit union system organizations including CUNA Mutual Group and CO-OP Financial Services.