Powerfleet, Inc. (Nasdaq: AIOT; JSE: PWR), an AIoT (Artificial Intelligence of Things) SaaS company for mobile asset management, announced today a strategic collaboration with global professional services firm Accenture to jointly expand smart safety technology in the Central European region. Under the agreement, Accenture has selected Powerfleet as its strategic security solutions partner and will promote Powerfleet's end-to-end product portfolio, including connected warehouse and road safety solutions, to its enterprise clients, with plans to further expand the scope of cooperation in the future.
A core initiative of this partnership involves the integration of Powerfleet's technology into Accenture's Innovation and Technology Center in Milan. This center serves as Accenture's flagship facility for showcasing cutting-edge solutions, where clients will be able to experience firsthand practical applications for connected safety, risk reduction, and operational efficiency improvements.
Steve Towe, CEO of Powerfleet, stated, "The collaboration with Accenture is a strong validation of our technology and vision. By embedding our solutions within Accenture's innovation ecosystem, we are accelerating the delivery of smarter, safer operational solutions for enterprises in Central Europe and beyond, with a focus on connected warehouse and road work environments."
Tomasso Cesati, Accenture's Manufacturing and Operations Consulting Manager, emphasized, "As Powerfleet's partner, Accenture provides the integration, coordination, governance, and scalability to transform detailed field data into enterprise-level value creation."
This collaboration is built upon Powerfleet's robust business growth momentum. The company's fiscal year 2026 first-quarter financial results showed a 38% year-over-year increase in total revenue to $104.1 million, with service revenue growing 53% to $86.5 million, accounting for 83% of total revenue. Adjusted EBITDA increased 58% to $21.6 million, with the margin expanding to 21%. The company has raised its fiscal year 2026 revenue guidance to a range of $430 million to $440 million.