SAN DIEGO--July 16, 2012: SmartDrive Systems and DriveCam, Inc. have agreed to resolve all outstanding patent litigation and trade secret claims between the companies concerning their respective products. As part of the settlement, SmartDrive and DriveCam also have agreed to cross-license patents. All other terms of the settlement will remain confidential but will allow each party to serve their clients' needs without any legal conflict interfering with a clients' choice of the best product and services to meet its needs, according to SmartDrive CEO Steve Mitgang.
About SmartDrive Systems
SmartDrive delivers innovative solutions that make it easy for fleet managers to improve driver safety and reduce operating cost. SmartDrive records comprehensive video-based data from the road, then thoroughly reviews and scores critical events and recommends action for fleet managers to quickly respond and deliver sustainable savings - all through an easy-to-use managed service. The company has compiled the world's largest database - more than 44 million events - of real-time, risky-driving incidents. SmartDrive Systems is based in San Diego, CA, and employs over 375 people worldwide. For more information, please visit Smart Drive.
