TrackWell in co-marketing agreement with Indagon

TrackWell Software, developer of wireless communication and location based software applications, have signed a joint marketing agreement with Indagon, the Nokia Early Stage Technology Funded company set up by ex Nokia employees, earlier this year. The Agreement is mutually beneficial and both companies will market the solutions.

Indagon's main focus will be to provide cost efficient telematics systems for fleet management usage. TrackWell's professional tracking applications are well proven within fleet management worldwide. The two companies represent a powerful force in the provision of fleet management solutions with the combination of TrackWell's state-of-art web server application for managing mobile fleets and Indagon's high accuracy Assisted GPS-based end-to-end telematics solutions.

TrackWell's wealth of experience in professional tracking across all fleet categories provides Indagon with the market leading applications they demand. Indagon's inherent expertise in mobile communications through its Nokia connections provides the ideal platform for TrackWell's fleet management applications.

Jon Magnusson, Partner Manager for TrackWell said "It is very exciting to be involved in this venture as Indagon's expertise complements TrackWell's experience extremely well." He continued, "Both companies are focused on providing reliable, cost effective fleet management solutions that exceed the expectations of the fleet management industry, and together we can make it possible".

"TrackWell-Indagon solution provides operators and their customers with affordable telematics services in almost any network environment, scalable for a rapidly increasing number of real-time users. Operators can boost their revenue by offering affordable and accurate telematics, available anywhere." explains Matti Lankinen, President, Indagon.

About Indagon
Indagon develop, produce and sell high accuracy GPS-based end-to-end telematics solutions. The company was founded in February 2002 by former Nokia employees with over ten years experience in the positioning business. Indagon received its first round of seed funding from the Nokia Early Stage Technology Fund. Indagon is based in Helsinki, Finland. For further information visit www.indagon.com

For further information:
TrackWell Software
Bergur Þórisson
+354 510 0600
bergur@trackwell.com