Friday June 5, 2020

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

7th August, 2016
4
Fleet management allows companies to monitor their vehicles in the wild

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 chairman of Fleetmatics who is no longer involved with the company. Its origins, however, date back a bit further than 2004.

In the late 1990s, the shareholders of Krossbow Holdings, the parent company of the now €80 million-turnover Cross Refrigeration, formed a company called Monitcom to distribute a...

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