Powerfleet partners with MTN Business South Africa to expand AIoT solutions

WOODCLIFF LAKE, N.J. - Powerfleet, Inc. (NASDAQ:AIOT), a technology company currently trading near its 52-week low of $3.70 with impressive revenue growth of 169% over the last twelve months, announced Monday a new enterprise partnership with MTN Business South Africa to deliver artificial intelligence of things (AIoT) solutions across multiple industries.

The collaboration combines Powerfleet’s Unity AIoT platform with MTN’s network infrastructure to provide enterprise customers with real-time data intelligence across supply chain operations. MTN Business South Africa is part of MTN Group, which serves 297 million customers across 16 markets with annual revenue of $7.4 billion. According to InvestingPro, which offers comprehensive analysis of 1,400+ US stocks, analysts are forecasting Powerfleet to achieve profitability this year.

"This partnership marks a bold step forward in redefining enterprise IoT value creation," said Sudipto Moitra, General Manager of ICT Enterprise Business at MTN.

Under the agreement, MTN will white-label Powerfleet’s Unity AIoT platform and offer it directly to its business customers. The joint solution aims to provide real-time operational visibility, AI-powered risk detection, predictive maintenance, and connected compliance frameworks.

Steve Towe, CEO of Powerfleet, described it as a "foundational growth partnership" that will deliver "predictive, scalable data solutions" for business optimization.

The partnership targets sectors including logistics, mining, transportation, utilities, and manufacturing across MTN’s markets. The companies indicated the solution will help businesses move beyond legacy telematics systems toward integrated data intelligence.

Powerfleet provides AI-powered data solutions to 48,000 customers across 120 countries, according to the company’s press release statement.

In other recent news, Powerfleet, Inc. reported first-quarter earnings and revenue that exceeded expectations, marking a positive financial performance for the company. Additionally, Powerfleet secured a multi-year agreement with SIXT Mexico to implement its Unity platform across thousands of rental vehicles, enhancing operational efficiency with real-time data intelligence. The company’s AIoT software-as-a-service platform will play a crucial role in modernizing SIXT Mexico’s vehicle management. Furthermore, Powerfleet launched an automated AI risk intervention application, which aims to improve safety by detecting and preventing risks in real time. This new AI video module integrates with Powerfleet’s existing Unity ecosystem and is designed to automate risk assessment, potentially replacing manual video evidence reviews. These developments highlight Powerfleet’s continued focus on leveraging technology to enhance its offerings and expand its market presence.

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