NEWS
TomTom and Bridgestone Mobility Solutions deepen relationship to enhance fleet electrification
business unit of Bridgestone , to support businesses in optimising their fleets and accelerating the transition to electric vehicles ( EVs ), helping to make mobility more sustainable and cities cleaner .
Bridgestone Mobility Solutions ’ fleet management software , Webfleet , leverages TomTom ’ s best-in-class navigation , maps and live traffic data from more than 600 million connected devices worldwide . The result is an integrated fleet management solution that allows businesses to manage all their vehicles on a single platform .
As part of the extended relationship , Webfleet incorporates TomTom ’ s latest EV data and routing products into their solutions portfolio for electric vehicles , allowing them to support customers in accelerating their transition to EV and cost-effectively run a reliable operation .
TomTom , a location technology specialist , has announced a multi-year contract with Bridgestone Mobility Solutions , a
“ Improving global logistics and helping our customers solve the challenges that come with fleet electrification remains a key goal for us at TomTom ,” said Mike Schoofs , Chief Revenue Officer , TomTom . “ We ’ re excited to continue working with Bridgestone Mobility Solutions , a partner who shares our commitment to driving innovation in the fleet and logistics industry . Through this collaboration , both companies integrate what they do best into one solution to help businesses run smoothly and confidently electrify .”
Software inflation surpasses UK consumer inflation in 2023
Software inflation in 2023 has outpaced UK consumer inflation for the first time , hitting a high of 8.7 %. This data was reported by Vertice , the SaaS and cloud spend optimisation platform , and significantly exceeds the UK ’ s Consumer Price Index ( CPI ) inflation , which is at 6.7 %.
Vertice ’ s annual SaaS Inflation Index , analyses data from over 16,000 software vendors , revealed a widening ‘ SaaS inflation gap ’. This marks a shift from the previous year when CPI grew 18 % faster than software inflation .
Currently , SaaS prices are rising 28 % faster than consumer goods , showing no signs of slowing down . The surge ’ s notable impact is evident in the increased cost of a SaaS stack , which has risen by £ 87,000 on a base of £ 1,000,000 in just one year .
The research also highlighted the prevalence of ‘ SaaS shrinkflation ’, where vendors maintain prices but reduce functionality . This trend has impacted 28 % of contracts among Vertice ’ s clients , reflecting a strategic move by vendors in challenging economic conditions .
Eldar Tuvey , CEO and Founder of Vertice , said : “ While consumers face a cost of living crisis , businesses are facing their own cost of software crisis , with costs rising much faster than last year , as vendors look to grow their top lines in a challenging macroeconomic environment . The growing prevalence of SaaS shrinkflation makes software pricing more difficult to navigate than ever .”
This revelation underscores the urgent need for businesses to efficiently manage their software spending , especially in the face of global economic downturns , by seeking greater transparency and value in their SaaS investments . p
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