Fleetmatics Subscribers Up 25%, Subscriptions top 625,000

Fleetmatics Group PLC (NYSE: FLTX), a leading provider of software-as-a-service (SaaS)-based mobile workforce solutions has announced its subscriber base is up 25% with more than 625,000 active vehicles under subscription, adding more than 125,000 vehicles in the past year.

“Exceeding 625,000 subscribed vehicles and growing our subscriber base by 25% over the last year are significant milestones for our Company,” said Jim Travers, Fleetmatics Chairman and CEO.

“What’s more,” he continued, “I believe we are well positioned to meet our stated goal of reaching 1.2 million vehicles under subscription by 2020. 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, serves 29,000 SMB 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: Fleetmatics REVEAL, Fleetmatics REVEAL+ and Fleetmatics WORK.

Category: Featured, Fleet Tracking, General Update