ISO Invests in Ivox to Expand DriverScore Product

Ivox, a company that offers predictive driver-risk management tools, announced Friday that it formed an alliance with Insurance Services Offices to assess and manage risk in private and commercial fleets.ISO has invested in Ivox as a shareholder, and the company plans to use the proceeds to accelerate its business growth and patent-pending DriverScore to assess, compare and analyze risk, the company said in a press release. The product can be used to calculate risk accurately, enabling companies to reward good driving behavior, increase fleet safety, manage fuel costs and improve overall profi...