CalAmp Corp. (NASDAQ: CAMP) is a leading provider of wireless products, services, and solutions that focuses on the Internet of Things (IoT) marketplace. The company has its headquarters in Irvine, California, and its international presence spans North America, South America, Europe, the Middle East, and Asia.
Established in 1981, CalAmp has over 30 years of industry experience in wireless technology. It has robust capabilities in machine-to-machine (M2M) communications, with a special emphasis in specific markets such as connected vehicles and industrial equipment.
CalAmp's product and service portfolio is impressive, featuring asset tracking solutions, fleet and automotive telematics, comprehensive wireless communications, remote monitoring and control, mobile program management, among others. Their diversified range of services caters to businesses in a wide array of industries including transportation, automotive, supply chain, construction, and security.
The company operates through two primary business segments. The Telematics Systems segment focuses on the provision of fixed and mobile asset control solutions, including M2M and IoT devices. The Software and Subscription Services segment is primarily involved with cloud-based applications for asset tracking and vehicle fleet management.
One of CalAmp's most notable software application is the LoJack® Stolen Vehicle Recovery System, a highly effective IoT-enabled system offering to recover stolen vehicles. Additionally, their innovations extend to catering niche sectors such as their school bus tracking software - Here Comes The Bus®.
The company's key strategy is centered on its commitment to innovation. Its focus remains on developing superior wireless solutions that streamline business operations, control cost, and increase productivity by optimizing asset utilization. CalAmp's ongoing commitment to research and development has kept it at the technology forefront of the rapidly evolving wireless communications industry.
CalAmp Corp. has received several awards and recognitions over the years. Still, the accolade of being listed in Fortune's 100 Fastest-Growing Companies in 2017 exemplifies their successful growth trajectory. This award underlines CalAmp's ability to consistently excel in revenue growth, earnings per share growth, and total return to shareholders.
Corporate social responsibility is another significant aspect of CalAmp's philosophy. The company believes in contributing positively to the communities where its employees live and work, and is known for its commitment to implementing environmentally friendly and sustainable practices.
In summary, CalAmp Corp. is a forerunner in the wireless communication and IoT industry. Its advanced technologies, comprehensive solutions and a diverse portfolio of products and services establish the company as a significant player. CalAmp continues to expand and innovate while maintaining a robust commitment to quality, service, and social responsibility.