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Company
Symbol
Price
Shares
Trade Date
FleetMatics Group plcFLTX 17.005.97 millionSeptember 18 2013
Underwriter(s):
BofA Merrill Lynch, Barclays Capital
Co-Manager(s):
RBC Capital Markets, Stifel Nicolaus Weisel, William Blair, Pacific Crest Securities
Industry:
Technology
Employees:
446
Founded:
2004
Address:
70 Walnut Street, Wellesley Hills, Massachusetts
Phone:
(866) 844-2235


For IPO Boutique's "scale of 1 to 5" BUY rating on FleetMatics Group plc, and our comprehensive analysis, click the "Buy Market Research" link above.




About (adapted from prospectus):
FleetMatics is a provider of fleet management solutions delivered as software-as-a-service, or SaaS. Their mobile software platform enables businesses to manage their local fleets of commercial vehicles and extract actionable business intelligence from vehicle and driver behavioral data. They offer Web-based and mobile application solutions that provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage and other insights. As of June 30, 2012, FleetMatics had more than 16,000 customers who collectively deployed their solutions in over 281,000 vehicles worldwide. The majority of their customers are small and medium-sized businesses, or SMBs, each of which deploy their solutions in 1,000 or fewer vehicles.

FleetMatics has grown their customer base, the number of vehicles using their solutions and their revenue in each year since their incorporation in 2004. They have developed a customer acquisition sales model based on leads sourced through both Web-based digital advertising and targeted outbound sales efforts.

This description is adapted from prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus..


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