Fleetmatics Reaches 500,000 Vehicles Under Subscription
Fleetmatics Group PLC has exceeded a milestone of 500,000 active vehicles under subscription with its vehicle tracking service, the company announced earlier this month.
With more than 62 billion data points gathered for benchmarking and insights, Fleetmatics enables customers to focus on their business to realize a rapid and ongoing ROI that can include increased revenue, reduced costs and the ability to grow profitably, according to the company.
One such example is customer Express Energy Services with 1,200 vehicles in the field. Following the implementation of Fleetmatics, Express Energy reported that it decreased fuel costs by more than $80 per vehicle per month for an annual saving of $1.15 million. The company reduced the number of accidents its fleet incurred from 37 in 2012 to seven in 2013.
Earlier this year, the company expanded its product offerings with the introduction of a platform and three products, including Fleetmatics REVEAL, Fleetmatics REVEAL+ and Fleetmatics WORK.
"Having exceeded 500,000 subscribed vehicles is a significant milestone for our company," said Jim Travers, chairman and CEO. "Our growth continues to be fueled by an underpenetrated global market, a leading software platform, and an efficient web-selling model to small-and-mid-sized businesses."
To learn more about Fleetmatics, visit the company's website here.