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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Location-Based & Navigation
c-m-s.tech

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Founded Year

2012

Stage

Growth Equity - II | Alive

Total Raised

$1.64M

About Collision Management Systems

Collision Management Systems reduces insurance and claim costs by making connected vehicle data actionable. The company delivers these savings by providing telematics data aggregation and real-time crash detection and risk management software solutions, all on a hardware-agnostic software-as-a-service platform.

Collision Management Systems Headquarter Location

Studio A/2, 304 Witan Gate West Witan Studios

Milton Keynes, England, MK9 1EJ,

United Kingdom

+44 (0) 345 241 9449

Latest Collision Management Systems News

Collision Management Systems secures additional funding from BGF

Feb 10, 2020

Submitted 07/02/2020 - 10:37am Collision Management Systems (CMS), a connected vehicle data specialist, working with insurers, fleets and remote worker organisations to reduce employee risk, has secured a second round of funding from BGF. This investment comes as CMS passes the milestone of over 100,000 people connected to its award-winning platform. In addition, through the integrations CMS has in place with multiple global telematics vendors, the company can access over 50% of commercial vehicles with telematics installed; subject to consent of the customer. Founded by CEO Charles Smith, CMS has taken a market lead in using the growing volume of connected vehicle data to manage risk better and respond to incidents faster. Using its proprietary platform to take in, refine and analyse data from any connected vehicle, company or person, CMS’s technology delivers solutions that answer four principal questions: How is my organisation’s risk profile changing? What behaviours are causing this change? Which employees or drivers are the biggest contributors to my risk profile? What incidents are occurring right now that need a response? BGF first invested in CMS in July 2018 to accelerate its market expansion and secure multiple licensing deals with insurers, fleets and global resellers, as well as hire critical product and commercial staff. Since then, the business has more than doubled its staff and tripled its customer base. The company has also established a strong International footprint with new customers in Europe, South America and the United States. This follow-on funding is part of a long-term investment strategy with BGF and will support further investment into CMS’ sales, delivery and engineering teams focussed on the UK and abroad. Charles Smith, CMS CEO, says: “The last eighteen months have been fantastic for CMS, building on our existing momentum and investing in our software, services and people to deliver accurate data and stand-out customer service to our growing client base. “We’re delighted to have comfortably passed the significant milestone of 100,000 connected vehicles and integrations completed with over 50 telematics brands, which is testament to the hard work of a great team. With the continued funding and support of BGF and our shareholders, we’re looking forward to expanding our operations further, taking advantage of a thriving market both in the UK and internationally. On the current trajectory, we should pass 250,000 connections before the end of the year.”  James Syrotiuk, an investor at BGF who sits on the CMS board, says: “Charles and the CMS team have developed a fantastic reputation and track record in the market in a short space of time, powered by unique and cutting-edge technology delivering significant benefits to customers. We are proud to be CMS’s long-term investment partner and are looking forward to supporting the business as it enters its next stage of growth.” Tags

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Expert Collections containing Collision Management Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Collision Management Systems is included in 6 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

2,864 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

E

Europe InsurTech Startups

307 items

T

Trucking Tech

379 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

I

InsurTech

1,627 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

P

P&C Claims Management Value Chain

128 items

F

Fintech

10,749 items

Excludes US-based companies

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