All In The Family

Living together in the same apartment has enabled the calisto siblings to elevate the business their father founded to the next level, in spite of a global pandemic

- Nicolette Wong

Lately, talk about the need to redefine the lines between work and home life, blurred in the shadow of this pandemic still sweeping the world, has been a significant concern for many. But for some entrepreneurs and their families, such blurred lines have always existed. Just ask the Calisto siblings, Carmen, Rogerio, and Gabriel.

“There have always been discussions about business at the family dinner table – even when we didn’t know what any of it meant,” laughs Carmen (pictured bottom). The humor of this anecdote is all the more palpable as The Peak, Carmen and her brothers sit around the dinner table at their home for a candid conversation about the business their father founded.

The Calistos are the majority shareholders of Cartrack, a listed multinational smart mobility Software-as-a-Service platform provider founded in South Africa, with annual revenue of about S$200 million.

Established by their father Zak Calisto, Cartrack started as a stolen vehicle recovery service before evolving into a broad data-driven mobility services provider that includes fleet management and insurance telematics, which is the practice of using in-vehicle devices to track and use driving data to optimize insurance premiums through risk profiling and accident reduction. Today, Cartrack operates on a subscription-based software-as-a-service model, with well over a million subscribers worldwide.