Menu
Eroad to hire 40 engineers, target massive growth in US

Eroad to hire 40 engineers, target massive growth in US

Eroad is working on a logbook solution and an IFTA product for the US market that, it believes, will set it on the stage for massive growth in the country.

Electronic road user charges and transport services company Eroad is looking to hire 40 engineers by the end of the year.

These engineers will join the firm's current R&D force based in Auckland, according to Jarred Clayton, engineering manager at Eroad.

Speaking at the AWS Summit in Auckland today, Clayton said, "We are experiencing strong growth in the US market. The Oregon market alone, where we recently went through a federal audit, is six times the NZ market. The potential in the wider US market is around 50 times larger than the NZ market."

Clayton told ComputerWorldNZ that while the US market currently contributes a smaller portion of the revenues in comparison to the NZ market, this is likely to change in the future.

"We have an office in Australia as well and we currently operating there. We compete in the premium fleet tracking space, and we are also working on insurance telematics for heavy vehicles that are pretty lucrative. We also do fuel reporting now and one of our customers in Australia have reported saving 72 per cent on fuel costs in their fleet, which can offset the monthly Eroad charges.

"However, for us to experience growth in the market we need some sort of legislative hook. I think big growth for us in that market is about two to three years off. But it probably won't be anywhere as significant as the growth we are experiencing in America," Clayton told ComputerworldNZ.

According to him, much of the growth for the firm will be driven by the American government's federal mandate for electronic logbooks to be in place by mid 2015.

"We have got the electronic logbook in NZ now. We have validated that we can do that as a technology and we have got that as a mobile app for the driver. We are building one of those for the American market now. It is likely to come out this year," said Clayton.

Eroad is also working on an International Fuel Tax Agreement (IFTA) product that will come out this year as well. This will be relevant to US states that work on fuel tax.

Read more: The decline of project management offices in New Zealand

"That and the logbook will set us on the stage for the wider market outside Oregon," stated Clayton.

Clayton believes that the firm's R&D base will remain in NZ even as it grows in the US market, and targets other global geographies, including the European market.

Send news tips and comments to sathya_ashok@idg.co.nz

Follow Sathya Mithra Ashok on Twitter: @sathyamithraa

Follow Computerworld NZ on Twitter:@computerworldnz

Read more: PageUp People app goes up into Azure cloud


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags hiringcareerR&DAmazon Web ServicesAWSEROADinternational fuel tax agreementelectronic road user chargeselectronic logbookIFTAAWS summit

Featured

Slideshows

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Reseller News has honoured the leading female front runners of the New Zealand ICT industry at the 2019 Women in ICT Awards (WIICTA) in Auckland. The awards recognised standout individuals across six categories, spanning Entrepreneur, Rising Star, Shining Star, Community, Technical and Achievement. Photos by Gino Demeer.

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA
Reseller News kicks off awards season in 2019 with Judges' Lunch

Reseller News kicks off awards season in 2019 with Judges' Lunch

The 2019 Reseller News Innovation Awards has kicked off with the Judges Lunch in Auckland with 70 judges in the voting panel. The awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors. Photos by Christine Wong.

Reseller News kicks off awards season in 2019 with Judges' Lunch
Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Show Comments