FleetMatics’ IPO to raise $100m

Irish-headquartered fleet management system FleetMatics is set to raise $100m (€80.5m) with an initial public offer (IPO) according to documents filed with the US securities and exchange commission.

The company, with offices in Dublin, Cork, and across America, helps monitor and improve the productivity of fleets of vehicles.

The documents state: “FleetMatics is a leading global provider of fleet management solutions delivered as software-as-a-service, or SaaS. Our mobile software platform enables businesses to meet the challenges associated with managing their local fleets of commercial vehicles and improve productivity by extracting actionable business intelligence from vehicle and driver behavioural data.”