Agero, Inc. Completes Sale of its Connected Vehicle Services Division to SiriusXM Radio, Inc.

Increasing Focus on Vehicle and Driver Safety, Security and Information Services for Automotive Manufacturers and Insurance Providers

PR Newswire

MEDFORD, Mass., Nov. 5, 2013 /PRNewswire/ -- Agero, Inc., the leading provider of vehicle and driver safety, security and information services, today announced it has completed the sale of its connected vehicle services division to SiriusXM Radio (SIRI). 

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"This transaction is a significant milestone in enabling Agero to extend our market leading position in vehicle and driver safety focused services and technology," said Dave Ferrick CEO of Agero. "Connected vehicle services are now increasingly focused on infotainment and advertising – activities that are better aligned with SiriusXM Radio. The sale now allows us to focus our innovation on our core service offerings, providing customer safety and security through our roadside assistance, claims management and information services. With the close of this transaction, we will accelerate our investments in our vehicle-centric services, leveraging mobile technology and big data collection and analytics, which are critical in helping our clients deliver superior customer service and brand loyalty."

About Agero

With over 40 years of experience, Agero is the leading provider of vehicle and driver safety, security and information services, including roadside assistance, consumer affairs and claims management services.  The company serves over 75 million vehicle owners in partnership with leading automobile manufacturers, insurance carriers and others. Managing a nationwide network of more than 30,000 service providers responding to more than 12 million requests annually for emergency assistance, Agero leverages advances in technology and information services to accelerate and enhance response to drivers' needs while strengthening customer loyalty. Agero, a member company of The Cross Country Group, is headquartered in Medford, Mass., with operations throughout North America. To learn more, visit www.agero.com.

Contact:
Deborah Mullan, Lois Paul and Partners
925-383-7765
Deborah_mullan@lpp.com

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