Member Article

Sheffield telematics firm set to exceed £4 million turnover just 3 years after launch

Sheffield telematics organisation The Floow is expecting turnover to exceed £4 million in 2015 as a result of further expansion and new clients wins, just three years after it was established.

The firm already operates in multiple countries including the UK, Ireland and the US, earlier this year the business announced the launch of its latest project in partnership with RSA Group’s Scandinavian arm – Codan.

Producing analytics based on telematics data from smartphones and other devices, captured on behalf of clients including some of the world’s leading insurance companies, The Floow has been recognised as one of the industry’s innovators.

From its base in Sheffield, the organisation now processes in excess of 120,000 journeys every day, from many thousands of drivers utilising The Floow’s technology across four continents.

Aldo Monteforte, co-founder and CEO of The Floow, says it is ‘the company’s diverse and exceptional technical talents combined with staff’s commitment to delivering excellence’ that has catalysed growth over the past three years.

The 40-strong team, based predominantly in Sheffield, is made up of made up of eminent members from the fields of Computer Science, Data and Actuarial Sciences Psychology and Automotive.

Aldo said: “Our first three years have been blessed with key client acquisitions, and we are extremely proud to have received so many accolades during our rapid growth.

“In addition to the expansion of personnel, which has seen us grow from a team of three to a team of 40, we have also expanded our reach – now working with some of the world’s leading insurance companies in established and emerging telematics markets.

“We have worked hard to establish a brand that is known for its innovative approach and in the process created a team that operates the bleeding edge of this exciting industry.

“As proud as we are of where we have come from, we are also excited to look to the future. In the coming months we have a number of partnerships set to launch and some exciting new products making their way on to the market – each one bespoke and specific to our clients and their customer’s needs.”

This was posted in Bdaily's Members' News section by Clare Burnett .