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Tag: Fleetmatics

  • Verizon to acquire fleet management company Fleetmatics

    Verizon to acquire fleet management company Fleetmatics

    Transaction to accelerate Verizon’s position as a provider of fleet and mobile workforce management solutions, companies say

    Verizon Communications Inc. and Fleetmatics Group PLC have entered into a definitive agreement under which Verizon will acquire Fleetmatics, a global provider of fleet and mobile workforce management solutions, for $60 per share in cash — representing a value of approximately $2.4 billion.

    In June, Verizon Telematics announced the acquisition of Telogis Inc., a global, cloud-based mobile enterprise management software company based in Aliso Viejo, California. That transaction closed on July 29.

    With approximately 1,200 employees, Fleetmatics is headquartered in Dublin, Ireland, with North American headquarters inWaltham, Massachusetts. The company’s web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, helping them to reduce operating costs, as well as increase revenue.

    Verizon Telematics, a subsidiary of Verizon Communications, operates in more than 40 markets worldwide and offers comprehensive wireless, software and hardware solutions to consumers, enterprises, automakers and dealers to power connected-vehicle products around the world.

    “Fleetmatics is a market leader in North America — and increasingly internationally — and they’ve developed a wide-range of compelling SaaS (software as a service)-based products and solutions for small- and medium-sized businesses,” said Andrés Irlando, CEO of Verizon Telematics.

    “The powerful combination of products and services, software platforms, robust customer bases, domain expertise and experience, and talented and passionate teams among Fleetmatics, the recently-acquired Telogis, and Verizon Telematics will position the combined companies to become a leading provider of fleet and mobile workforce management solutions globally,” Irlando added.

    Fleetmatics Routist is an intelligent routing optimization tool for fleet management.
    Fleetmatics Routist is an intelligent routing optimization tool for fleet management.

    “Verizon and Fleetmatics share a vision that the SaaS-based fleet management solution market is extraordinarily large, lightly penetrated, global and fragmented which can best be attacked together with a world class product offering and the largest distribution channel in the industry,” said Jim Travers, Chairman and CEO of Fleetmatics.

    “Fleetmatics brings over 37,000 customers, approximately 737,000 subscribers, a broad portfolio of industry leading products, and a team of 1,200 professionals focused on solving the critical challenges of businesses that deploy mobile workforces. We are excited to partner with Verizon in fulfilling the mission of becoming the largest mobile workforce management company in the world,” Travers added.

     

    The acquisition is subject to customary regulatory approvals and closing conditions, including the approval of Fleetmatics’ shareholders and the sanction of the Irish scheme of arrangement by which Verizon will acquire Fleetmatics by the Irish High Court, and is expected to close in the fourth quarter of 2016.

    PJT Partners and Wells Fargo Securities, LLC are acting as financial advisors to Verizon. Cleary Gottlieb Steen & Hamilton LLP, A&L Goodbody and Macfarlanes LLP are acting as legal advisors to Verizon. Morgan Stanley is acting as financial advisor to Fleetmatics. Goodwin Procter LLP and Maples and Calder are acting as legal advisors to Fleetmatics.

  • DIRECTV Subscribes to Fleetmatics for Service Fleet

    Fleetmatics Group PLC, a global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS), has entered into a master subscription services agreement with DIRECTV to enhance tracking, driver safety and on-time arrivals for its fleet of vehicles that are making service calls.

    Fleetmatics says its REVEAL is a powerful yet simple-to-use fleet management solution designed to drive cost savings and improve productivity for mobile workforces. Fleetmatics REVEAL+ enables enterprise customers with larger fleets, such as DIRECTV, to manage complex organizational structures and large numbers of users, as well as to deliver actionable executive level business intelligence across the entire enterprise.

    “Fleetmatics’ advanced tracking system offers the ideal mobile workforce solution for DIRECTV’s field-based operations,” said David Baker, senior vice president of Field Services for DIRECTV. “This partnership will help our business operate more efficiently while continuing to deliver on our promise of industry-leading customer service.”

    “With more than 6,200 new subscriptions, we look forward to delivering actionable business intelligence to DIRECTV,” said Jill Ward, president and CEO of Fleetmatics. “By arming thousands of DIRECTV vehicles with the most powerful telematics solution for the enterprise, we’re helping the company drive cost efficiencies and increase field service worker productivity.”

    DIRECTV is a provider of digital television entertainment services to more than 39 million customers in the U.S. and Latin America.

  • Fleetmatics’ Intelligent Routing Tool Coming This Summer

    Fleetmatics’ Intelligent Routing Tool Coming This Summer

    Fleetmatics_Routist_Screen-O

    A new routing program from Fleetmatics Group is coming this summer. Fleetmatics Routist is an intelligent routing optimization solution that systematically builds the most cost-effective, customer-friendly routes for fleets.

    Fleetmatics Routist seamlessly calculates and deploys route plans to drivers in the field, and features real-time and historical data that gives users the most holistic view into routing performance, the company said.

    Fleetmatics Routist operates by taking locations, vehicles, time windows, technician skills, and costs and capacities into consideration, among other inputs, while remaining simple and intuitive for customers to use. Fleetmatics Routist also incorporates historical traffic data into its algorithm, elevating traffic and routing optimization effectiveness for customers operating in metropolitan areas.

    “Inefficient routing wastes minutes, miles and money, leaving on-time arrivals and important elements of customer satisfaction to chance,” said Jill Ward, president and chief operating officer of Fleetmatics. “Customers that choose Fleetmatics Routist won’t have to worry about manual or time-consuming routing, and we fully expect the benefits will extend to their customers, as well.”

    Fleetmatics Routist’s robust feature set, offered to customers as an add-on module, will integrate into the Fleetmatics REVEAL fleet management solution, helping it to become one of the most effective routing optimization solutions known to be available today. Customers can import work orders from electronic files or integration with their order management software, select the drivers involved in the plan, and get a cost efficient and customer satisfying route, Fleetmatics said.

    Route planners can make adjustments to the plan based on their own business insight, and then deploy to the field. Route plans can be delivered effortlessly to drivers via the Fleetmatics REVEAL Field Application for smartphone and mobile devices, via Garmin integrated devices or simple route sheets printed at the office.

    Once the routes are live, dispatchers and managers stay current on a driver’s progress against route stops in real-time on the Fleetmatics REVEAL live map and can make real-time adjustments as needed. When the day is done, actual versus plan analysis is available to compare the stops made by drivers against the work orders provided, so managers can provide appropriate coaching around route deviations and the impact of field activity on customer satisfaction.

    Register here to receive additional information and notice of Fleetmatics Routist’s availability.

  • Fleetmatics Report Shows Retail Sales Correlate with Fleet Activity

    Fleetmatics has released the second edition of its FleetBeat Report, an in-depth analysis of tens of billions of data points extracted from thousands of commercial fleets managed using the company’s Software as a service (SaaS) platform over a span of four years. The report, “FleetBeat, Vol. 2: The Economy in Motion,” was co-authored by Stephen Fuller, Ph.D., professor and director of the Center for Regional Analysis at George Mason University.

    Fleetmatics says the data included in the report reveals that performance of small businesses in the services industry directly reflects the health of the economy.

    “It has long been said that retail sales trends are often impacted by the health of small business,” said Jim Travers, chairman and chief executive officer of Fleetmatics. “Fleetmatics is uniquely positioned to analyze small business services activity given we have one of the largest fleet management data clouds in the world. Also, our customers are typically in the earlier phases of consumer consumption, such as distribution of goods and home deliveries.”

    fleetmatics_infographic_fleetbeat2

    As outlined in the report, the data extracted from Fleetmatics fleet management data cloud suggests that performance of small business services companies can be a highly credible indicator of national and regional economic health, even under changing conditions. The report also looks at small business services performance and retail sales in four Metropolitan Statistical Areas (MSAs), and concludes that geographic features can significantly define regional small business activity profiles.

    “This is truly a groundbreaking new report, viewed from the perspective of the fleet management industry,” said Fuller. “Based on Fleetmatics’ FleetBeat second edition report, Fleetmatics data explains much of the variation and growth in retail sales. Furthermore, when comparing the Fleetmatics’ small business service fleet activity data with the retail sales data from Moody’s and the U.S. Bureau of Census, it’s clear the two data sets exhibit an extremely high correlation. I believe the ability to analyze real-time telematics data can now be considered an accurate data source on the small business flow of goods and service.”

    With a dataset of over 10.7 billion telematics-generated data points from commercial vehicles managed with the Company’s SaaS platform in the United States, the report used regression analysis to compare the data with national monthly retail sales data.

    There were eight telematics-derived, independent parameters considered in the analysis, both in aggregate and at the per vehicle level, including those related to mileage, number of vehicle stops, mileage per stop, number of active vehicle days per month and number of vehicles active in a month. The data was drawn from small business customers defined as entities having fleets from 5 to 100 vehicles, and only fleets from business types that were related to or supporting retail and service sectors were considered.

    The report also examined regional differences that drive activities of small business services companies in four markets: New York, Chicago, San Francisco and Miami. The result was an in-depth breakdown of the most prominent indicators of small business economic activity and correlation to retails sales in each core market.

    Fleetmatics’ first FleetBeat report highlighted the economic impact of telematics adoption and quantifiable benefits of business intelligence-driven fleet management. The report found that the total estimated economic impact of commercial fleet vehicles armed with telematics – assuming everyone had the same results as Fleetmatics’ optimized customers – would amount to $2.2 billion in fuel savings, a decrease in carbon dioxide emissions by 5 tons per year and $34.9 billion in total cost savings due to decrease in payroll hours.

  • Fleetmatics Enhances Field Service Management with New Features

    Fleetmatics Group now offers new features for its mobile field service management solution Fleetmatics WORK. The enhancements help businesses to operate more efficiently and maximize their resources, the company said. Fleetmatics is a global provider of mobile workforce solutions for service-based businesses.

    This latest release dramatically accelerates time to cash for SMB operators by embedding a payment link directly into the emailed invoice that is generated. With this new online payment powered by Stripe, Fleetmatics WORK closes the loop between job completion and payment. Jobs can now be invoiced from the field instantly via email and transactions can be processed securely in real time.

    Fleetmatics WORK has added integrations with QuickBooks Online in the U.S. and MYOB AccountRight Live in Australia and New Zealand. Now, when jobs are completed, the invoices flow seamlessly from Fleetmatics WORK to the user’s accounting system and updated client information is sent between the systems to keep all data in sync, Fleetmatics said.

    Business owners now have additional tools to manage fieldworkers. As service businesses grow, it becomes increasingly important for them to have manageable views of their field. New fieldworker tags in Fleetmatics WORK give dispatchers clear visibility to sort schedules and make assignments based on best fit.

    “Our mission is to help customers achieve greater levels of productivity, service and efficiency,” said Jonathan Durkee, Vice President of Product Management for Fleetmatics. “With the new online payments, seamless accounting integrations and increased fieldworker visibility we’re enabling field service businesses to drive even stronger results.”

    Free training and ongoing support is available to all users through Fleetmatics’ award-winning customer service, which provides education and best practices for transforming data into actionable business intelligence.