Paul Stacy joins IMS (Insurance & Mobility Solutions) in global BD role

Paul Stacy, founder of Wunelli and serial telematics technology entrepreneur, has joined IMS from LexisNexis Risk Solutions, where he held the roles of R&D Director and Director of Automotive Development, EMEA.

He takes on the new role of Global Business Development Director at IMS, reporting to CEO Nick Corrie.

Stacy’s arrival at IMS marks the latest in a string of senior hires over the last 18 months, including ex-Octo N. America CEO, Nino Tarantino, in the US, and ex-JLR executive Leon Hurst in the UK. The company also added COO Christoph Burtscher (ex-dunnhumby) and CTO Nik Southworth to its Executive team. The business took on a minority growth capital investment from Three Hills Capital Partners in 2019.

Commenting on his role, Paul said his immediate focus would be exploring opportunities in new markets where IMS doesn’t currently have a presence.

“We want to go beyond our core markets in Europe and North America, leveraging our assets and IP to become a global leader in connected vehicle data.  This includes China and Australasia, where there are a number of exciting opportunities on our radar to enter these new geographies, including partnerships.”

He said: “I will be working alongside Nick and the Executive team to help IMS leverage value as a global vehicle and driving data insights business, supplementing after-market sensor and app data with data directly from the connected car.”

IMS recently launched its Vehicle Data Exchange, which provides live, real-time access to vehicle insights and mobility data from OEM-embedded hardware, any aftermarket device or smartphone application.

Paul added “IMS’s strength is that it can do all of this today and being able to serve both the existing vehicle parc and the future connected parc makes us a great partner for insurers, governments and mobility companies around the world. And we don’t just aggregate this data – we enrich it and make it actionable across an incredibly broad spectrum of use-cases.”

Nick Corrie said “Paul is one of the foremost personalities in global telematics, an incredible talent and a superb fit. It is great news that he is joining us now particularly as the global marketplace has recently begun to fully recognise the potential for connected solutions – and we are perfectly positioned to take full advantage. He’ll also support our Solutions teams to help define future proposition evolution so we can continue to best meet our customers’ and the market’s future requirements.”

Paul added: “The global growth opportunity offered by IMS is hugely compelling. IMS has already established itself as a member of the premier league of businesses in telematics technology, and I am thoroughly looking forward to playing my part in delivering significant growth for the company on a world stage.”