Who is VEM Technology?

VEM Technology is a leading technology company in the field of automotive telematics, GPS tracking, and intelligent transport systems. It is the direct successor and modern corporate identity of IKOM Ltd. (established in 1996), formerly operating under the trademarks EuroGPS and subsequently Viasat Technology.

In practice, these names represent the exact same entity on the Bulgarian market, with the company’s legal name recently updated to VEM Technology EOOD.

Is VEM Technology an international company?

VEM Technology is part of the industrial holding ELEM GROUP (with Italian roots), which brings together several specialized companies:

  • VEM Solutions (Italy) – software and engineering center.

  • VEM Technology (Bulgaria) – focused on the telematics business, R&D (research & development), and commercial solutions.

  • BluTech (China) – hardware components.

This partnership allows the company to fully close the cycle—from software design and microelectronics (hardware) manufacturing to end-user customer support.

What are the main business lines of VEM Technology?

  • GPS Systems and Fleet Management: The company develops software (such as the popular SmartTracker platform) and hardware for real-time vehicle tracking, precise fuel control, and logistics optimization. Our systems monitor tens of thousands of vehicles across more than 7,000 companies.

  • Electronic Toll Collection: VEM Technology is a key official National Service Provider (NSP) for road toll collection in Bulgaria. We provide GPS devices for heavy-duty traffic with automatic toll calculation based on the distance traveled across the national road network.

  • Intelligent Transport Systems (ITS): The company is a primary partner to a number of large Bulgarian municipalities in modernizing public transport—building electronic information boards at stops, electronic ticketing systems, and traffic management solutions.

What is corporate telematics? Is VEM Technology involved in this?

Telematics is an innovative technological method for remote data exchange between various assets, whether mobile or stationary. It serves to remotely aggregate information from vehicles, vessels, logistics bases, and infrastructure sites, typically in real time. The transmission of this data relies on modern telecommunication networks, while precise positioning is guaranteed by global satellite systems. All collected parameters are stored in cloud structures, providing users with easy access via the internet through specialized software solutions.

Telematics is at the core of all our operations. You can find out more about what exactly telematics is in our article.

Where can I purchase corporate telematics systems for a small business?

At VEM Technology! We are the telematics company that works with every business, regardless of its size. If you want to join our community of over 7,000 satisfied clients, contact us at 0700 1 49 49 or fill out the contact form below.