Fleetmatics

Fleetmatics Group PLC
Subsidiary
Industry SaaS fleet Management
Founded 2004
Headquarters Dublin, Ireland
(Global HQ)
Waltham, Massachusetts
(United States HQ)
Owner Verizon
Number of employees
 3000+ (as of 2018)
Parent Verizon Connect
Subsidiaries SageQuest
Visirun
Inosat Global
Communicate 2 Field
TrackEasy [1]
Website fleetmatics.com

Fleetmatics was a private company owned by Verizon providing software-as-a-service fleet management.[2] Based in Dublin, Ireland it offers both web-based and mobile application solutions that provide fleet operators with information on vehicle location, speed, mileage, fuel usage. Verizon has the largest GPS fleet management system globally with over 1.8 million vehicles managed through over 80,000 customers. Fleetmatics also provides field management, job scheduling and workflow solutions.

Company overview

Fleetmatics Group PLC, founded in 2004, is a provider of fleet management solutions delivered as software-as-a-service.[3][4] In 2010 FleetMatics acquired US software company SageQuest LLC which provides GPS vehicle management solutions for utility, cable and broadband companies throughout North America.[5] In 2016 FleetMatics expanded it Southern Europe presence through the acquisition of Inosat Global[6]

Verizon announced its intention to buy Fleetmatics for $2.4 billion in cash on August 1, 2016 [7] and the deal was consummated in November 2016[8]

In October 2017, Fleetmatics registered Electronic Logging Device (ELD) for Android with the Federal Motor Carrier Safety Administration (FMCSA).[9]

On March 6, 2018, Fleetmatics, along with sister companies Telogis and Verizon Telematics, rebranded as Verizon Connect.[10]

References

  1. ↑ https://www.crunchbase.com/organization/fleetmatics/acquisitions
  2. ↑ Hupp, Shane. "FleetMatics Group PLC Given New $47.00 Price Target at Barclays (FLTX)". Ticker Report. Retrieved 9 December 2014.
  3. ↑ "Fleetmatics Announces IPO Pricing". Forbes. Retrieved 9 December 2014.
  4. ↑ Dimri, Neha. "Ireland's FleetMatics soars in U.S. market debut". Reuters. Retrieved 9 December 2014.
  5. ↑ "FleetMatics acquires US software company SageQuest". siliconrepublic.com. Retrieved 20 December 2014.
  6. ↑ http://www.prnewswire.co.uk/news-releases/fleetmatics-expands-its-southern-european-presence-with-acquisition-of-inosat-592568391.html
  7. ↑ Lunden, Ingrid (August 1, 2016). "Verizon buys Fleetmatics for $2.4B in cash to step up in telematics". TechCrunch. Retrieved August 1, 2016.
  8. ↑ "Verizon Completes transaction". November 7, 2016.
  9. ↑ "Fleetmatics registers Android version of Reveal ELD with FMCSA". Commercial Carrier Journal. 2017-10-10. Retrieved 2017-10-12.
  10. ↑ "Verizon Connect Combines Three Mobile Workforce Solutions". Retrieved 2018-03-06.
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