Fleetmatics Files Registration Statement for Proposed Follow-On Offering

DUBLIN & BOSTON--(BUSINESS WIRE)--

Fleetmatics Group PLC FLTX, a leading global provider of fleet management solutions for commercial fleet vehicles delivered as software-as-a-service (SaaS), announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed public offering of 7,000,000 shares of its common stock. All of the shares to be sold in the offering will be sold by Fleetmatics Investor Holdings, L.P., the principal stockholder of the company. In addition, certain of the existing stockholders have granted the underwriters an option to sell 1,050,000 shares of the company's common stock. Fleetmatics will not receive any proceeds from the sale of the shares.

Barclays and BofA Merrill Lynch are acting as joint book-running managers for the offering. RBC Capital Markets, Stifel Nicolaus Weisel, William Blair and Pacific Crest Securities are acting as co-managers for the offering. A preliminary prospectus for the offering, when available, may be obtained from Barclays, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (888) 603-5847; or from BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, or by e-mail at dg.prospectus_requests@baml.com.

A registration statement related to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Fleetmatics Group PLC

Fleetmatics Group PLC is a leading global provider of fleet management solutions for small and mid-sized businesses delivered as software-as-a-service (SaaS). Our solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data.

Fleetmatics Group's intuitive, cost-effective Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, enabling them to reduce operating and capital costs, as well as increase revenue. Fleetmatics serves more than 17,000 customers, tracking more than 300,000 vehicles worldwide.

Fleetmatics Group's solutions are marketed both under the Fleetmatics and SageQuest brands.