Powerfleet appoints Jeff Lautenbach as chief revenue officer

WOODCLIFF LAKE, N.J. - Powerfleet, Inc. (NASDAQ:AIOT), a $705 million market cap company currently trading at $5.31, has named Jeff Lautenbach as Chief Revenue Officer, effective immediately, according to a company press release issued Tuesday. According to InvestingPro data, the company has shown impressive growth with revenue surging 120% over the last twelve months.

Lautenbach will lead Powerfleet’s global revenue operations, including go-to-market strategy and execution across both direct and indirect sales channels. He joins the artificial intelligence of things (AIoT) SaaS company with experience leading global revenue organizations that generated up to $500 million in annual recurring revenue.

Prior to joining Powerfleet, Lautenbach served as Chief Revenue Officer at Conga, where he managed a global sales organization serving enterprise customers. His previous experience includes senior leadership positions at Cornerstone OnDemand, Salesforce, SAP, and IBM.

"I’m excited to join Powerfleet at such a transformational moment," Lautenbach said in the statement.

Powerfleet CEO Steve Towe noted that the appointment aligns with the company’s Unity-led growth strategy. Unity is Powerfleet’s cloud-based platform that provides data solutions for mobile asset performance.

The Woodcliff Lake-based company provides AI-powered data solutions for industrial, logistics, and transportation sectors across 120 countries, serving approximately 48,000 customers.

In other recent news, Powerfleet, Inc. has been actively expanding its AIoT solutions through several strategic initiatives. The company announced a new enterprise partnership with MTN Business South Africa to deliver AIoT solutions across various industries. This collaboration combines Powerfleet’s Unity AIoT platform with MTN’s network infrastructure, aiming to provide enterprise customers with real-time data intelligence in supply chain operations. Additionally, Powerfleet secured a deal with SIXT Mexico to modernize operations across thousands of rental vehicles using its AIoT software-as-a-service platform. This multi-year agreement will enable SIXT Mexico to gain real-time data intelligence and control over its vehicle fleet. In another development, Powerfleet launched an automated AI risk intervention application designed to detect and prevent safety risks in real time. This new AI video module integrates with the Unity ecosystem, aiming to replace manual video evidence reviews with automated risk assessment capabilities. These recent developments highlight Powerfleet’s ongoing efforts to enhance its technological offerings and expand its market reach.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.