CalAmp Corp. (NASDAQ:CAMP), a leading provider of wireless products, services and solutions, today announced a partner agreement with MapAnything, Inc. , a mapping, geo-analytics and location intelligence solution provider for users of Salesforce. As a result, CalAmp’sTelematics Cloud service will be integrated with MapAnything Live, a new solution that enables Internet of Things (IoT) workflow inside Salesforce.
MapAnything Live is an add-on to MapAnything, which gives Salesforce users an interactive “Map-Centric” experience. It provides unprecedented business process automation using real-time automatic vehicle location (AVL) data provided by the CalAmp Telematics Cloud in combination with Salesforce records and business rules.
With access to AVL data such as live GPS positioning displayed on the map alongside a company’s Salesforce data, users can streamline operations, boost field productivity, reduce costs and improve efficiency.
The CalAmp Telematics Cloud enables MapAnything to quickly and seamlessly leverage location data to enable a new class of telematics-based enterprise solutions. The CalAmp Telematics Cloud simplifies connectivity between all components of the telematics infrastructure into commonly used Application Programming Interfaces (APIs) accessible through the MapAnything Live application. This streamlined bundled solution allows real-time vehicle telematics and live GPS positioning data to flow consistently from a variety of telematics devices. MapAnything will deploy a combination of CalAmp’s LMU and TTU telematics devices.
” CalAmp devices were the right fit for MapAnything Live and the ease of integration using the APIs sold us on the CalAmp Telematics Cloud platform,” said John Stewart, Chief Executive Officer for MapAnything. “MapAnything Live now fully integrates vehicle telematics with Salesforce to bring automatic vehicle location data into the business stack where it can be used to drive revenue across the board.”
“The CalAmp Telematics Cloud simplifies all the moving pieces between assets and enterprise applications in a complete end-to-end telematics infrastructure,” said Mike Zachan, Senior Vice President and General Manager of CalAmp’s Wireless Networks business. “By leveraging our device-to-cloud connectivity expertise and comprehensive APIs, MapAnything can quickly deploy vehicle telematics services and focus on enhancing their application to meet the demands of field sales and service professionals using Salesforce.” (Original Source)
Shares of Calamp closed yesterday at $15.33, up $0.18 or 1.19%. CAMP has a 1-year high of $21.35 and a 1-year low of $13.01. The stock’s 50-day moving average is $14.81 and its 200-day moving average is $15.65.
On the ratings front, Calamp has been the subject of a number of recent research reports. In a report issued on August 11, Canaccord Genuity analyst Michael Walkley reiterated a Buy rating on CAMP, with a price target of $25.00, which represents a potential upside of 63% from where the stock is currently trading. Separately, on June 29, Craig-Hallum’s Anthony Stoss reiterated a Buy rating on the stock and has a price target of $20.00.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Walkley and Anthony Stoss have a total average return of 14.9% and 11.9% respectively. Walkley has a success rate of 61% and is ranked #29 out of 4147 analysts, while Stoss has a success rate of 59% and is ranked #502.
CalAmp Corp. develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications. The company operates in two business segments: Wireless DataCom and Satellite. The Wireless DataCom segment offers solutions to address the markets for Machine-to-Machine or M2M, communications, Mobile Resource Management, or MRM, applications and other emerging applications that require anytime and everywhere connectivity. Its broad portfolio of wireless communications products includes asset tracking devices, targeted telematics platforms, fixed and mobile wireless gateways and full-featured, multi-mode wireless routers. The Satellite segment develops, manufactures and sells direct-broadcast satellite outdoor customer premise equipment and whole home video networking devices for digital and high definition satellite television services. Its satellite products are sold primarily to EchoStar, an affiliate of Dish Network, for incorporation into complete subscription satellite television systems.