|[March 18, 2014]
Spireon's Automotive Solutions Group Announces New Affiliation with Sprint and CU Solutions Group
IRVINE, Calif. & OVERLAND PARK, Kan. --(Business Wire)--
Spireon, the leading provider of Mobile Resource Management (MRM) and
business intelligence solutions used by companies to maximize their
mobile assets and workforce, announces an exciting new collaboration
between the company's Automotive Solutions Group, Sprint (News - Alert) (NYSE:S) and CU
Solutions Group (CUSG).
CUSG is a leading industry organization offering credit unions
nationwide innovative solutions for improving their business operations,
efficiencies and member services. CUSG has added Spireon's LoanPlus CMS
(collateral management system) to its arsenal of solutions for credit
unions looking to serve a broader range of members with automotive loans
while reducing their risk.
Spireon's LoanPlus CMS is a GPS-based collateral management system that
allows credit unions to capture a wealth of real-time data about their
automotive collateral's location, movement and status, then leverage
this data to improve member services, collateral management and
collections. The latest generation of LoanPlus CMS runs on the Sprint 3G
nationwide network - and has been recognized as "Best Automotive
Collateral Management Platform" in the M2M category during the 2014
Consumer Electronics Show (CES (News - Alert)). Boasting a total subscriber base of
more than 1.7 million, Spireon brings a proven technology to team with
Sprint's leading telecommunications solutions.
"This cooperative relationship between leaders in three industries -
telematics, credit unions and telecommunications - offers unique
advantages for credit union customers," says Brad Jarvis, Spireon chief
marketing officer and executive vice president of Products. "CUSG will
now be able to bring their credit union partners powerful, easy-to-use
technology for tracking vehicles, managing collateral and reducing risk
while extending loans to more members, including those with credit
"With this new affiliation, CUSG can expand our offerings for credit
unions to help them grow their auto lending business and better serve
their members," says Dave Adams, CEO at CUSG. "We are excited to bring
our credit union members a powerful and proven telematics solution that
will help them meet their automotive lending objectives."
Sprint has played a key role in facilitating a new three-way alliance
that increases a credit union's ability to lend in the non-prime auto
loan market. CUSG and Spireon introduced LoanPlus CMS on the Sprint Now
Network, leveraging the best in connectivity, marketing and sales in a
nationwide partnership. LoanPlus CMS is available today from Sprint and
Spireon and is available to credit unions exclusively through CU
"Sprint's long-standing relationship with credit unions and CUSG has
provided tremendous value to credit union members," says Brian Miller,
Sprint regional vice president at Sprint. "This expanded affiliation
with CUSG and Spireon builds on our track record of bringing innovative
solutions to credit unions across America."
The 10th generation LoanPlus CMS operates on the Sprint 3G
network and is CDMA-enabled. This ensures that credit unions will remain
connected to their automotive data during the term of their loans.
"Now wth Sprint and our CDMA-enabled LoanPlus CMS solutions, we bring a
whole new dimension of acquiring, servicing and managing the risk of
auto loans for CUSG's credit union partners," said David Meyer,
executive vice president of Spireon's Automotive Solutions Group. "This
was evident, as we received an overwhelming response during the Credit
Union National Association's Governmental Affairs Conference last month.
In addition to being able to now serve more of their credit union
members, everyone will see a brighter future as the technology this
partnership is bringing has future-ready built in."
To learn more about the CDMA LoanPlus CMS running on the Sprint 3G
Network, visit http://www.cusolutionsgroup.com/LoanPlusCMS.
About CU Solutions Group
CU Solutions Group serves the credit union industry by offering
essential solutions in five key areas: marketing, technology, membership
enhancements, performance management and lending & insurance. It was
formed out of the combination of CU Village and HRN Management Group,
and is owned by hundreds of investors made up of leagues, credit unions
and credit union system organizations. Learn more at www.cusolutionsgroup.com,
Sprint (NYSE: S) offers a comprehensive range of wireless and wireline
communications services bringing the freedom of mobility to
consumers, businesses and government users. Sprint served more than 55
million customers at the end of 2013 and is widely recognized for
developing, engineering and deploying innovative technologies, including
the first wireless 4G service from a national carrier in the United
States; leading prepaid brands including Virgin Mobile (News - Alert) USA, Boost
Mobile, and Assurance Wireless; instant national and international
push-to-talk capabilities; and a global Tier 1 Internet backbone. The
American Customer Satisfaction Index rated Sprint as the most improved
company in customer satisfaction, across all 47 industries, during the
last five years. Sprint has been named to the Dow Jones Sustainability
Index (DJSI) North America in 2011, 2012 and 2013. You can learn more
and visit Sprint at www.sprint.com
Spireon, Inc., is at the summit of business intelligence and committed
to going higher. With its corporate headquarters in Irvine, CA (News - Alert), the
company emerged in 2011 as the industry leading Mobile Resource
Management (MRM) company as a result of the merger of ProconGPS, Inc.
with EnfoTrace and PFS, LLC, the top three providers in the MRM space.
Spireon connects companies to their mobile assets and workforce through
game changing information platforms, giving them the power to manage
actionable business intelligence. Its trusted brands include market
share leader GoldStar GPS®, EnfoTrace GPS™, FleetLocate®, VehiclePath™
and LoanPlus CMS™. Inspiring companies to reach new heights with
powerful Software-as-a-Service (SaaS (News - Alert)) based tools; Spireon provides a
sturdy foundation on which to optimize performance.
With leading market positions in the fleet, transportation and
automotive telematics markets, Spireon, Inc. specializes in developing
strong business relationships with leading companies worldwide, enabling
it to offer affordable world-class risk mitigation, mobile resource
management and location based services to its customers.
For additional information, please visit Spireon Inc.'s website http://www.spireon.com
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