Investcorp sells remaining stake in Fleetmatics

Investcorp, a leading provider and manager of alternative investment products, announced that it has sold its remaining shares in Fleetmatics, a leading global provider of fleet management solutions for commercial fleet vehicles.

Fleetmatics began trading on the New York Stock Exchange on October 5, 2012 under the symbol “FLTX.”

A registration statement related to these securities has been filed with, and declared effective by, the Securities and Exchange Commission.

About Fleetmatics
Fleetmatics Group PLC is a leading global provider of fleet management solutions for small and mid-sized businesses delivered as Software-as-a-Service (SaaS). Our solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data.

Fleetmatics’ intuitive, cost-effective Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, enabling them to reduce operating and capital costs, as well as increase revenue. Fleetmatics serves more than 19,000 customers, with over 388,000 subscribed vehicles worldwide. More at Fleetmatics Solutions.

Category: General Update