The partnership aims to prevent heavy equipment theft and to help businesses across the agriculture, construction and industrial services sectors. The partnership will combine KYCS’s recovery device technology with NER’s robust data and tracking capabilities, which will make it easier to find stolen equipment. It will also bring together related incentives from insurance providers and will be available to equipment and fleet operators across North America.
As a result of this change, NER’s IRONwatch solution will now be called IRONwatch Locate, reflecting the increased functionality offered to clients.
Ryan Shepherd, General Manager of Supply Chain and Equipment solutions at Verisk, commented: “Our research shows that heavy equipment theft continues to rise. Our goal is to prevent our clients from becoming a statistic, so we are excited to join forces with KYCS to offer our clients superior theft recovery technology.
“The combined, complementary strengths of the two groups makes our new offering much more compelling for our clients.” Shepherd added.
Dana Rowe, VP of BD at KYCS Global, also commented: “It has been a privilege to add our unwavering commitment to innovation, professionalism, and customer satisfaction to NER’s already leading data about load condition monitoring and location tracking capabilities along with their related insurance incentives. The combination distinguishes IRONwatch Locate from other theft recovery offerings available in the theft recovery market today.”
Users of IRONwatch Locate will also have access to HELPtech, a leading online database for tracking stolen heavy machinery. The tool is used by law enforcement to recover stolen equipment. Additionally, they offer a theft deductible waiver up to $10,000, providing financial security to businesses in case of theft.
