Fleetmatics

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 services 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 services.

Fleetmatics Group PLC
TypeSubsidiary
IndustrySaaS fleet Management
Founded2004
Headquarters
Dublin, Ireland
(Global HQ)
Waltham, Massachusetts
(United States HQ)
OwnerVerizon Consumer (Verizon)
Number of employees
3000+ (as of 2018)
ParentVerizon Connect
SubsidiariesSageQuest
Visirun
Inosat Global
Communicate 2 Field
TrackEasy [1]
Websitefleetmatics.com

Company overview

Fleetmatics Group PLC, founded in 2004, is a provider of fleet management services delivered as software-as-a-service.[3][4] In 2010 FleetMatics acquired US software company SageQuest LLC which provides GPS vehicle management tools for utility, cable and broadband companies throughout North America.[5] In 2016 FleetMatics expanded its 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 (1 August 2016). "Verizon buys Fleetmatics for $2.4B in cash to step up in telematics". TechCrunch. Retrieved 1 August 2016.
  8. "Verizon Completes transaction". 7 November 2016.
  9. "Fleetmatics registers Android version of Reveal ELD with FMCSA". Commercial Carrier Journal. 10 October 2017. Retrieved 12 October 2017.
  10. "Verizon Connect Combines Three Mobile Workforce Solutions". Retrieved 6 March 2018.
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