Investcorp makes new investment in FleetMatics, a market leader in vehicle fleet management systems

Investcorp, the asset management firm specialising in alternative investments, announced today that it has made a new investment in FleetMatics, one of the fastest growing software providers of GPS-based vehicle fleet management systems to small and medium-sized businesses, and a market leader in fleet management in the US, UK and Ireland.

FleetMatics has live Web-based GPS vehicle tracking services that enable business owners to track and manage their vehicles, reducing operating costs, increasing productivity and improving customer services.

Investcorp's President of Gulf business, Mohammed Al-Shroogi said: "FleetMatics is a company we know well, and one in which we have made a previous investment through our third technology fund. The management team has a proven record of providing exceptional results while driving down the cost of customer acquisition, hardware development service and support. Our new investment in the company is testament to these strong characteristics. We look forward to working with FleetMatics' management over the next stage of its growth and to creating value for our investors".