The firm aims to expand beyond its core markets to become a global leader in connected vehicle data
Serial telematics technology entrepreneur and co-founder of Wunelli Paul Stacy has joined Insurance and Mobility Solutions (IMS) as its new global business development director.
Reporting to IMS chief executive Nick Corrie, Stacy’s immediate focus upon joining will be on exploring opportunities in new markets where connected car insurance provider IMS - which is part of the Trak Global Group - does not currently have a presence.
Prior to the Stacy’s new position, he worked at LexisNexis Risk Solutions where he held two roles – research and development director and director of automative development, Europe, Middle East and Africa (EMEA).
Corrie said: “[Stacy] is one of the foremost personalities in global telematics, an incredible talent and a superb fit.
”It is great news that he is joining us now, particularly as the global marketplace has recently begun to fully recognise the potential for connected solutions - and we are perfectly positioned to take full advantage.
”He’ll also support our solutions teams to help define future proposition evolution, so we can continue to best meet our customers’ and the market’s future requirements.”
Stacy’s appointment marks the latest in a string of senior hires at IMS over the last 18 months, including ex-Octo North America chief executive Nino Tarantino in the US and ex-JLR executive Leon Hurst in the UK.
The company has also welcomed chief operating officer Christoph Burtscher, who was previously at customer data science company dunnhumby, as well as chief technology officer Nik Southworth to its executive team.
Speaking about his new role, Stacy said: “We want to go beyond our core markets in Europe and North America, leveraging our assets and IP (Intellectual Property) to become a global leader in connected vehicle data.
“This includes China and Australasia, where there are a number of exciting opportunities on our radar to enter these new geographies, including partnerships.
“I will be working alongside Corrie and the executive team to help IMS leverage value as a global vehicle and driving data insights business, supplementing after-market sensor and app data with data directly from the connected car.”
Stacy added: “The global growth opportunity offered by IMS is hugely compelling.
”IMS has already established itself as a member of the premier league of businesses in telematics technology and I am thoroughly looking forward to playing my part in delivering significant growth for the company on a world stage.”
The business took on a minority growth capital investment from Three Hills Capital Partners in 2019.