Volvo has taken a 22% ownership stake in VizaLogix, a software-as-a-service (SaaS) company specializing in digital machine monitoring, servicing and tech support. The move is part of the company's strategy to "grow services that customers are looking for as digitization and data take on increasing importance among construction and mining fleets and equipment dealers" it says.
What are the latest moves from Volvo around data?
"VizaLogix provides brand-neutral SaaS solutions that are easy to integrate and use, helping fleets, dealers and OEMs make smarter decisions,” said Scott Young, head of region North America Volvo, in a statement. “Volvo recognizes that services are growing to be just as important to fleets as their machines, and our investment in VizaLogix extends our commitment. It’s by combining the right machine with the right services that users get the best solution for their needs.”
VizaLogix offers products that are different from and, in some cases, complementary to Volvo services; including its support of mixed fleets and mixed data connections. These include:
- TethrITNow: Equipment and technician support that includes real-time collaboration over multiple channels, including video calls that allow for augmented reality overlays that let users visually point, highlight and mark exact areas of focus.
- TechnicianNow: Technician deployment that lets customers request service via mobile application, eliminating wait times and providing them with real-time availability of parts and services.
- 3602: 24/7 machine health monitoring that integrates multi-brand fleet data into one platform.
- Vantage Point: Stores quarry site productivity and utilization data in one data-agnostic platform, allowing for easy access to real-time and historical data.
About the Author
Harlee Hewitt
Harlee is a former associate editor for Construction Equipment.