Paul Stacy, founder of Wunelli and serial telematics technology entrepreneur, will be joining IMS later this year from LexisNexis Risk Solutions, where he held the roles of R&D Director and Director of Automotive Development, EMEA.
He will take on the new role of Global Business Development Director at IMS, reporting to CEO Nick Corrie.
Stacy’s pending arrival at IMS will mark the latest in a string of senior hires over the last 18 months, including ex-Octo N. America CEO, Nino Tarantino, in the US, and ex-JLR executive Leon Hurst in the UK. The company also added COO Christoph Burtscher (ex-dunnhumby) and CTO Nik Southworth to its Executive team. The business took on a minority growth capital investment from Three Hills Capital Partners in 2019.
Commenting on his forthcoming role, Paul said his initial focus would be exploring opportunities in new markets where IMS doesn’t currently have a presence.
“IMS has an ambition to go beyond its core markets in Europe and North America, leveraging its assets and IP to become a global leader in connected vehicle data. This includes China and Australasia, where there are a number of exciting opportunities to enter these new geographies, including partnerships.”
He said: “I’m looking forward to working alongside Nick and the Executive team to help IMS leverage value as a global vehicle and driving data insights business, supplementing after-market sensor and app data with data directly from the connected car.”
IMS recently launched its Vehicle Data Exchange, which provides live, real-time access to vehicle insights and mobility data from OEM-embedded hardware, any aftermarket device or smartphone application.
Paul added “IMS’s strength is that it can do all of this today and being able to serve both the existing vehicle parc and the future connected parc makes the company a great partner for insurers, governments and mobility operators around the world. And this data isn’t just aggregated – it’s enriched and made actionable across an incredibly broad spectrum of use-cases.”
Nick Corrie said “Paul is one of the foremost personalities in global telematics, an incredible talent and a superb fit. It is great news that he will be joining us, particularly as the global marketplace has recently begun to fully recognise the potential for connected solutions – and we are perfectly positioned to take full advantage. He’ll also support our Solutions teams to help define future proposition evolution so we can continue to best meet our customers’ and the market’s future requirements.”
Paul added: “The global growth opportunity offered by IMS is hugely compelling. IMS has already established itself as a member of the premier league of businesses in telematics technology, and I am thoroughly looking forward to playing my part in delivering significant growth for the company on a world stage.”
About Paul Stacy
Paul has been variously EMEA automotive director and R&D director at Lexis Nexis since 2014, when he sold Wunelli, the telematics business he co-founded in 2006, to LexisNexis. At Wunelli, Paul was part of the team that provided the UK insurance industry with a controlled method to underwrite young drivers, via the first mileage, panel-based aggregator product: Coverbox. He began his career as a consultant at Accenture, in Australia, and in 2004 joined BDML Connect as IT & operations director before the business was acquired by Capita.
About IMS (Insurance & Mobility Solutions)
IMS (Insurance & Mobility Solutions), part of Trak Global Group (TGG), is a global provider of connected car solutions, services, and data analytics to insurers, mobility operators, OEMs and governments. IMS recently launched its Vehicle Data Exchange, offering customers a data source-agnostic platform across which a multitude of B2B and B2C use cases and propositions can be taken to market.
More info at www.ims.tech.
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