This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Fleetmatics Group Passes 300k Subscriber Milestone

BOSTON, Dec. 5, 2012 /PRNewswire/ -- Fleetmatics Group PLC (NYSE: FLTX) announced that it now provides more than 17,000 customers with insights and analysis on the daily activities of more than 300,000 fleet-based vehicles around the world, as reported in its financial results ended September 30, 2012. Capturing approximately 32 million data points per day, the global provider of fleet management solutions for small and mid-sized fleet businesses (SMB) is helping business owners to easily and more effectively track and manage vehicles through more informed and timely business decisions. These solutions are marketed under both the Fleetmatics ( www.fleetmatics.com) and SageQuest ( www.sage-quest.com) brands.

"While there are one or two providers focused on long-haul trucking or other market segments that service 300,000 or more vehicles, Fleetmatics is the only provider we know to have attained this milestone by focusing on small- to mid-sized fleets," said Clem Driscoll of C.J. Driscoll & Associates, a marketing and research firm serving consumer and commercial markets for GPS-based products and services.  "This achievement is a testament to the burgeoning demand in the SMB market, as well as to the value proposition and effective go-to-market strategy Fleetmatics has developed to address this growing market segment."

Fleetmatics Group's fleet tracking systems use GPS satellite technology to provide real-time locations and record historical vehicle activity. The solutions are accessed through a cost effective Software-as-a-Service (SaaS) delivery model that can be installed quickly and activated at a low cost. Its fleet tracking information can be accessed 24 hours a day by a smartphone app or through any internet connection. The technology is leveraged by a variety of industries that include HVAC, plumbing, construction, cable and telecom, waste/water, wholesale delivery and distribution.

"In today's challenging economic climate, small- and mid-sized business owners face pressures on many fronts. Fuel prices are on the rise; margins are slim; competition is fierce; capital is precious, so fleet owners are seeking every advantage," said Jim Travers, CEO of Fleetmatics Group PLC. "The rapid growth that achieved this milestone demonstrates that our GPS-based fleet management is easy to understand, reliable and, best of all, helps business owners reduce risk and so they can focus on making their operations better. We provide insights that measurably improve business decision making, enhance the bottom line and provide significant returns on a small investment."

About Fleetmatics GroupFleetmatics 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 Group's 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 17,000 customers, tracking more than 300,000 vehicles worldwide.

Stock quotes in this article: FLTX 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs