Ecuador
Location World, an Ecuador-based company, has carved a niche in the Information Technology and IoT sectors since its founding in 2008. The firm specializes in creating high-value business ecosystems through digital transformation, enhancing industries such as automotive, transport, logistics, and insurance with connected technology solutions.
The founders boast over 20 years of experience in the development of technology firms across Fleet Management, Telematics, and Auto Conectado in Latin America. Notably, they were instrumental in launching ChevyStar, the region's pioneering OEM telematics solution, a venture rooted in collaboration with General Motors dating back to 2002.
A significant partnership with Waze in 2010 expanded Location World's influence, leading to an impressive user base of 13 million in just three years, a contributing factor to Google's acquisition of Waze for $1.3 billion in 2013. Currently, Location World continues its technological innovation with services across nine countries, leveraging IoT and advanced analytics through its CarSync® platform.
