Fleetmatics Announces its Inclusion in the Russell 2000 Index
BOSTON, Jan. 7, 2013 /PRNewswire/ -- Fleetmatics Group PLC (NYSE: FLTX), a leading global provider of fleet management solutions for commercial vehicles that is marketed under both the Fleetmatics (www.fleetmatics.com) and SageQuest (www.sage-quest.com) brands, today announced its addition to the Russell 2000® Index.
"Following our successful initial public offering and reported strong third quarter results, we are pleased to build upon this momentum with our addition to the Russell 2000 Index," stated Jim Travers, Chief Executive Officer of Fleetmatics. "It is an indicator of Fleetmatics' value proposition of comprehensive Software-as-a-Service fleet management solutions to small- and mid-sized business owners. The inclusion in the Russell 2000 index is a significant milestone."
About Fleetmatics Group
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.
About Russell Investments
Russell Investments (Russell) is a global asset manager and one of only a few firms that offer actively managed multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell's core capabilities extend across capital markets insights, manager research, portfolio construction, portfolio implementation and indexes.
Russell has about $159 billion in assets under management (as of 9/30/2012) and works with 2,400 institutional clients and more than 580 independent distribution partners globally. As a consultant to some of the largest pools of capital in the world, Russell has $2.4 trillion in assets under advisement (as of 12/31/11). It has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell traded more than $1.5 trillion in 2011 through its implementation services business. Russell calculates approximately 770,000 benchmarks daily covering 98% of the investable market globally, more than 80 countries and more than 10,000 securities. Approximately $3.9 trillion in assets are benchmarked to the Russell Indexes.
SOURCE Fleetmatics Group PLC