Launch into the country comes at the right time as petrol prices continue to escalate
AUSTRALIA – January 16, 2014 –Fleetmatics Group PLC (NYSE: FLTX), a leading global provider of fleet management solutions for commercial fleet vehicles delivered as software-as-a-service (SaaS), today announced it has opened an office in Australia, and as such, will provide fleet-based businesses in the country with a new choice in fleet management technology. The timing of the launch comes as petrol prices throughout the region continue to climb with local economists noting the start-of-year price increase is the biggest the nation has seen since 2004.
With nearly ten years of proven experience in providing workforce productivity solutions for commercial fleets, Fleetmatics provides businesses an unprecedented level of fleet control and productivity. Its 20,000-plus customers are empowered to significantly increase mobile workforce and fleet productivity, safety and security, while decreasing costs related to fuel consumption, unauthorized use, payroll discrepancies and more. Currently installed in over 417,000 vehicles worldwide, Fleetmatics helps reduce operating and capital costs while boosting revenues for fleet-driven businesses in virtually any industry.
“Officially expanding into Australia was a natural move for Fleetmatics on the heels of our August 2013 acquisition of Connect2Field, a Sydney-based provider of field service software,” said Jim Travers, Fleetmatics CEO and Chairman of the Board. “The launch comes at the same time as our expansion into the Netherlands, both of which deliver on our goal to continue to grow the business via global expansion and new partnerships.”
“We selected Fleetmatics after a review of several commercial fleet telematics solutions, because of the unprecedented level of visibility and control it provides," said Darren Linney, Chief Operating Officer,Formway Group Ltd, a Queensland-based metering company. "Further, given that the company already has a hand in the Australian market from its acquisition and long history of proven technology, we were confident in their ability to deliver superior service -- and to empower us to deliver that same level of service to our own customers."
The timing of the Australia launch could not be more suitable for local fleet-based businesses, as the country is experiencing a steep incline in petrol prices. According to the Australian Institute of Petroleum, petrol prices have spiked six cents per litre since the year began. Economists warn motorists to expect further increases yet.
Fleetmatics currently has locations in Ireland and the UK, as well as several offices throughout the US. In addition to the expansion in Australia, the company also announced its entry into the Netherlands. To learn more, visit www.fleetmatics.com.
About Fleetmatics Group PLC
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 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 20,000 customers, with over 417,000 subscribed vehicles worldwide.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our entry into the Australian market. These forward-looking statements include, but are not limited to: plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” or words of similar meaning. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, risks associated with our ability to effectively and efficiently attract, sell to and retain SMB customers; our ability to attract customers on a cost-effective basis, our dependence on various lead generation programs, our ability to successfully expand internationally; expectations regarding the widespread adoption of fleet management solutions; our ability to expand the sales of our products to customers located outside the U.S.; our ability to continue to compete in a highly fragmented market and the risk of future competitors by way of acquisition or otherwise; keeping up with the rapid technological change required to remain competitive in our industry; and the impact of adverse economic conditions on information technology spending by SMB business, and other risks set forth under the caption “Risk Factors” in the Company’s annual report on Form 20-F filed with the Securities and Exchange Commission on March 29, 2013, as amended on Form 20-F/A filed with the Securities and Exchange Commission on July 22, 2013, as updated by our subsequently furnished or filed quarterly reports on Form 6-K, annual reports on Form 20-F and other filings that we make with the Securities and Exchange Commission. We assume no obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.