Fleetmatics revenues jump 40% in quarter

Irish commercial fleet management company Fleetmatics has reported a 40% jump in revenues for the final quarter of the year, according to results filed with the New York stock exchange.

The company reported revenue of $50.1m (€36.5m) on the 445,000 vehicles that the company monitors through its software.

Chairman and chief executive of Fleetmatics, Jim Travers, said that the company had followed a successful strategy of growing by targeting small- and medium-sized businesses.