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TheStreet Open House

Fleetmatics Introduces Industry Changing Software-as-a-Service Platform With New And First-Ever Features For Service Fleet And Field Service Management

DUBLIN and BOSTON, April 8, 2014 /PRNewswire/ -- Fleetmatics Group PLC (NYSE: FLTX), a leading global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS), today announced the release of a new and bar setting platform. At the same time, Fleetmatics is also announcing three new products laden with new and, in some cases, industry-first and patented features. The new products are Fleetmatics REVEAL, a highly-differentiated business-intelligence based fleet management solution for small-and-mid-sized businesses; Fleetmatics REVEAL+, which extends Fleetmatics REVEAL to larger enterprises; and Fleetmatics WORK, a powerful field service management solution.

Fleetmatics Logo

"Today's service-based businesses have an opportunity to achieve new levels of excellence and profitability in managing their mobile workforces," said Jim Travers, Fleetmatics CEO and Chairman of the Board. "Whether for a business with five service vehicles or many thousands, Fleetmatics' new platform helps businesses to be smarter about their mobile workforces and turn them into true engines for growth, cost savings and differentiating customer service. As part of that equation, we're providing customers intelligence about their business, such as how the fleet has performed operationally in the past and how their performance compares with similar businesses. This capability is powered by tens of billions of data points gathered through the system over the past several years. This incredibly rich data set has also helped us generate the new concepts and features in our products."

The PlatformThe new platform is the manifestation of Fleetmatics' vision of an ever extensible, analytics-based foundation to deliver solutions, features, insights and applications that optimize how a mobile workforce gets work done, and how a business manages those mobile assets. The products that fall under the platform offer a complete solution for service fleet and field service management designed to help businesses maximize their return on fleet and mobile workforce investments.

Fleetmatics' SaaS delivery model enables rapid set up with no up-front investment [1] allowing customers to generate compelling ROI often in just weeks.

Additionally, the SaaS model allows Fleetmatics to collect and analyze high value data points from across its customer base of approximately 22,000 service fleets and then deliver historical and benchmarking information and insights back to its customers. The comprehensive nature of a large – and fast-growing – pool of more than 52 billion data points gathered over a lengthy period helps to deliver the benchmarking information and insights with high credibility, reliability and relevance.

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