MiX Telematics (disclosure: long) is a founder-led business at somewhat of an inflection point.
The company has spent the past few years investing margins into growing the customer base while increasing their global presence and building their brand, and are now poised to experience operating leverage as they continue to scale their SaaS products and service offerings.
Despite having a diverse customer base and a large market share in fleet management services, the growth runway remains incredibly long with a huge TAM and overall under-penetration for telematics services industry wide. The company has a long