Leading Telematics IP Development Company Intercept IP Takes Stake in Control F1
Control F1 today announces that it has secured a substantial investment package with Intercept IP Ltd (IIP), cementing a long-standing relationship between the two businesses. IIP will be taking a 40% stake in Control F1.
IIP specialises in creating intellectual property and patents within the vehicle telematics arena, using connected technology to track and monitor the location, movement, status and behaviour of vehicles and drivers. Control F1’s proven track record in data analysis, artificial intelligence, machine learning and software development will be utilised for ongoing IP and product development, to the benefit of both companies.
Mark Johnson (Director and Co-founder of IIP) will be taking the role of Chairman at Control F1, bringing his substantial industry knowledge – gained from over 20 years’ experience in the commercialisation of telematics solutions – to guide the fast-developing company through a planned phase of rapid growth.
Wayne Gilbert, also Director and Co-founder of IIP and an expert in developing high value IP and patents in the telematics world, will be advising the Control F1 board on technology strategy. A stalwart within the Telematics Industry, Gilbert was also responsible for building Risk Technology Ltd., which was subsequently acquired by the RAC, and was an advisor to the board of Masternaut, another pioneer within the telematics space.
Carl Howarth, CEO of Control F1, says:
"Having worked closely with Mark and Wayne over the last few years on a variety of projects, including our ground-breaking work with the RAC on their Advance platform, it was clear that both companies have already benefitted greatly from this excellent working relationship. This investment, both financially and through the expertise we will gain for our board, will help drive Control F1’s ambitions within the telematics world forward and firmly establish us as thought leaders in this arena."
Mark Johnson, Director and Co-founder of IIP and new Chairman of Control F1, says:
"Control F1 has always created great value for IIP, enabling us to concentrate on producing patentable IP and product concepts, whilst knowing we can rely on them to bring those ideas to life. Investing in Control F1 was the obvious next step in cementing this relationship and we look forward to both companies creating market leading products for the current connected car markets and in the future, autonomous and semi-autonomous vehicles"
About Control F1
Control F1 is an award-winning digital technology company based in Huddersfield and London. With specialisms in IoT and telematics, web and mobile application development, Control F1 works with clients from startups to blue chips to develop and support business-critical software solutions.
With a focus on Research and Development, the company also conceives, builds and launches its own award-winning digital products.
IIP has been formed by former Directors and CEOs of some of the fastest growing technology companies with a proven track record of the sale of IP based companies to major corporates.
They specialise in identifying partners to maximise the value of their IP within the fast growing machine to machine communication space, and ensure highly profitable outcomes for all parties.