Fleetmatics Expands into France with Acquisition of Ornicar
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Acquisition Extends Leadership Position in Western Europe
DUBLIN and BOSTONÂ – Fleetmatics Group PLC (NYSE: FLTX), a leading global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS), today announced the acquisition of Ornicar SAS ("Ornicar"), a SaaS provider of fleet management solutions in France. Based in Grenoble, Ornicar will add approximately 15,000 vehicles under subscription to Fleetmatics' existing installed base. Terms of the transaction, which closed on February 19, 2015, have not been disclosed.
"France stands out as a logical next step for investment as we further expand into mainland Europe and execute our global growth strategy," said Jim Travers, Fleetmatics CEO and Chairman of the Board. "With the acquisition of Ornicar and the French market expertise of the Ornicar team, we are excited to accelerate our presence and brand in a country that we believe offers us one of the largest market opportunities in Europe."
According to a recent report published by industry analyst firm Berg Insight(1), France is the largest market for light commercial vehicles in Western Europe, with 5.9 million in use, while penetration of fleet management solutions is one of the lowest, at 13%. Taken together, these dynamics make France an attractive new market for Fleetmatics in Europe.
All Ornicar employees have joined the Fleetmatics team and will be driving sales and support in France for Fleetmatics REVEAL™, a powerful vehicle tracking and business intelligence solution designed to drive savings and improve productivity for virtually any mobile workforce.
"Ornicar has always focused on helping our French customers use the power of easy-to-use fleet management software to run their businesses more effectively and efficiently," said Alexandre Cuny and Christophe Brun, co-founders of Ornicar who will continue as managers at Fleetmatics in France. "Teaming with Fleetmatics, a leader and pioneer in the industry who shares our focus, is a great fit for us. We believe that our experience in the French market combined with the innovative technology and business model of Fleetmatics REVEAL™ will allow us to help virtually any mobile workforce in France save time and improve productivity with a fleet management solution."
About Fleetmatics Group PLC
Fleetmatics Group PLC is a leading global provider of mobile workforce solutions for service-based businesses of all sizes 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. An integrated, full-featured mobile workforce management product provides additional efficiencies related to job management by empowering the field worker and speeding the job completion process - quote through payment. As of December 31, 2014, Fleetmatics served over 25,000 customers, with approximately 552,000 subscribed vehicles worldwide. Fleetmatics has used, and intends to continue to use, the investor relations portions of its website as a means of disclosing material non-public information and for complying with disclosures obligations under Regulation FD. To learn more about Fleetmatics, visit www.fleetmatics.com.
Investor Contact:
Brian Norris
Fleetmatics
Brian.Norris@fleetmatics.com
781-577-3829
Media Contact:
Juli Burda
Fleetmatics
Juli.Burda@fleetmatics.com
847-378-4398
(1) Source: Berg Insight "Fleet Management in Europe, Ninth Edition" (2014)
SOURCE Fleetmatics Group PLC
Web Site: www.fleetmatics.com Â
