Rent A Toll® LLC and Violation Management Services Ltd. Announce Preferred Sales And Services Agreement
The electronic toll payment solution company Rent A Toll® announced on April 16 that it signed a Preferred Sales and Services Agreement with Violation Management Services, Ltd. effective that day. Both companies have agreed to work closely together to provide a violation processing solution to help both fleet and rental car companies eliminate the headache of vehicle violation processing to drive down operational fleet costs. Both companies will now provide their full suite of services to existing and new customers.
"The decision to offer the services of both companies together was directly related to requests from our existing customers to help them manage all of their violation cost challenges," said Rick Welch, President and CEO of Rent A Toll®. The company launched its tolling services in September 2006 and since then, has continued to expand in the fleet and rental car industries. It has grown steadily since that time and has exceeded 25 percent annual growth per year since launching its tolling solutions.
As part of its business strategy, the company has made a significant investment into its intellectual property and, to date, has been awarded six U.S. Patents in support of its technology and processes (U.S. Patents 7407097, 8363899, 8195506, 8374909, 7501961, and 7774228), and has an additional five patents pending issuance. "This investment demonstrates and supports (our) vision to be the industry leader in providing cost-effective tolling solutions," said Welch.
Dennis Round, President and CEO of Violation Management Services Ltd. said, "the combined services...will provide fleet and car rental companies the "Best in Class" solution for eliminating toll violation exposure and managing parking, red light, and other vehicle violations."
"Additionally, this...will also provide additional opportunities for both companies to broaden their sales and marketing reach and uniquely address individual client’s needs to reduce cost and generate incremental revenue," said Round.