NETHERLANDS– January 15, 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 its entry into the Dutch market, and as such, will provide fleet-based businesses in the region with a new choice in fleet management technology. 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.
Fleetmatics helps its 20,000-plus customers to significantly increase mobile workforce and fleet productivity, safety and security, while decreasing costs related to fuel consumption, unauthorized use, payroll discrepancies and more. The technology, currently installed in over 417,000 vehicles worldwide, helps reduce operating and capital costs while boosting revenues for fleet-driven businesses in virtually any industry.
“Fleetmatics is proud to offer a new choice for the Dutch market as the company expands its European footprint,” said Jim Travers, Fleetmatics CEO and Chairman of the Board. “Our expansion into the Netherlands will allow us to provide our innovative solutions to more businesses that choose to work smarter.”
“We chose Fleetmatics because the solution is turn-key and easy-to-use. The company’s superior customer service reputation and proven track record of providing remarkable return also influenced our decision,” said of Rob Kroos, Managing Director of AM Koeriers. “With the insight gained from tracking our vehicles, we were able to lower costs on fuel, maintenance and labor almost instantly. Fleetmatics empowers us to work smarter by better leveraging our resources.”
Fleetmatics currently has locations in Ireland and the UK, as well as several offices throughout the US. 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 Dutch 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.