WHY: Company best known for its LoJack stolen vehicle recovery system. Says his vehicle software, telematics provider is pivoting more toward software. Hardware business with telematics devices remains “very large.”
RECENT: Sees software and subscription revenue at a little more than 30% of the consolidated revenue mix at the end of this year, with a goal of at least 40%. Continues international expansion primarily in Europe and Latin America.
QUOTABLE: The company’s trend will be toward more software “even if it means we would lose some hardware revenue in the transition,” he said in July.
FUN FACTS: Favorite film, “Citizen Kane”; book, “Cien Años de Soledad”; TV show, “‘Andy Griffith,’ the Barney years.”