Key figures in the sector have come together to launch telematics solutions provider Trak Global Security Solutions (TGSS).
TGSS has been created following a management buyout of the IMS stolen vehicle recovery division by former commercial director Dave Turnock and entrepreneur Andy Christopher.
Dave Shepherd has been appointed Chairman, while Alan Cottrill and Mark Ward have joined as non-executive directors.
Dave said, “I am proud to say I was an integral member of the senior management team that has steered IMS into being the world’s leading provider of telematic data solutions. I feel privileged to be given the opportunity of taking over the reins of the SVR division. The move enables myself and the new team to be able to dedicate 100% of our time to drive its success to a whole new level.
“The SVR division really was a sleeping giant within the IMS group but one that with the drive and passion we have for its services along with our innovative plans for new tech, we can become the sector leader. Not just here in the UK, but across Europe.”
Andy added: “IMS is a great British success that has long led field with its provision of telematic data and I am delighted the company has given Dave and myself the opportunity to take over its SVR division and entrusted us to take it to that next level. While our core customer base will always be the vehicle rental and lease sectors, our aim is to develop a more consumer-based service, one in which we’ll deliver with the same unrivalled customer journey.”