How Fleetmatics transformed into a global powerhouse

Verizon’s planned purchase of the Tallaght-based vehicle-tracking firm for $2.4 billion is the latest chapter in a long story

Fleet management allows companies to monitor their vehicles in the wild
Verizon has snapped m up Fleetmatics for $2.4 billion

Last Monday, the US telecommunications giant Verizon announced that it was to buyTallaght-based Fleetmatics, for $2.4 billion (€2.15 billion) in cash.

Fleetmatics – a global powerhouse in the GPS vehicle-tracking sphere founded in 2004 – was “basically the getting together of two companies”, said Jim Keating, the founding ...