Fleetmatics Subscriber Base Up 25%, Tops 625,000 Vehicles

Fleetmatics Group PLC (NYSE: FLTX), a leading global provider of software-as-a-service (SaaS)-based mobile workforce solutions for service-based businesses of all sizes, has announced that its subscriber base is up 25% this year and now exceeds 625,000 active vehicles — an increase of more than 125,000 vehicles in the past year alone.

“Fleetmatics continues to experience rapid subscriber growth and this milestone further validates the Company’s market leading position,” said Johan Fagerberg, Chief Executive Officer of Berg Insight, a leading market research firm focused on the fleet management market.

Added Jim Travers, Fleetmatics Chairman and CEO, “Exceeding 625,000 subscribed vehicles and growing our subscriber base by 25% over the last year are significant milestones for our Company. What’s more, I believe we are well positioned to meet our stated goal of reaching 1.2 million vehicles under subscription by 2020.”

Continued Travers, “We will do this by continuing to focus on increasing our market leading position in North America and building and expanding our presence in select global markets.”

Fleetmatics currently serves 29,000 small and mid-sized business and enterprise customers throughout the United States, Canada, Mexico, Ireland, the United Kingdom, Netherlands, France and Australia.

Through global expansion, investment in its technology and strategic acquisitions, the company’s growth has been supported by the recent launch of three new SaaS-based products with powerful new features.

1. Fleetmatics REVEAL;
2. Fleetmatics REVEAL+; and
3. Fleetmatics WORK

These powerful products all incorporate the company’s diverse expertise, providing simple-to-use, yet powerful solutions, tailored to the needs of different sized businesses across a broad range of industries.

Most recently, the Company announced Fleetmatics Routist, an intelligent routing optimization solution that systematically builds the most cost-effective, customer-friendly routes for fleets, which will be available later this year.

Tags: Fleetmatics

Category: Featured, Fleet Tracking, General Update