Fleetmatics Acquires Routist; Terms Undisclosed

(RTTNews) - Fleetmatics Group Plc. (FLTX), a provider of software-as-a-service or SaaS-based mobile workforce solutions for service-based businesses of all sizes, announced the acquisition of Florence, Italy-based KKT Srl, the developer of Routist, a SaaS-based, intelligent vehicle routing solution for businesses looking to optimize the utilization of their fleets and mobile resources. Price and terms of the deal have not been disclosed.

Revenue contribution during 2014 is expected to be immaterial, and the transaction is expected to be $0.01 per share dilutive for second quarter non-GAAP results.

Routist provides optimized route plans for vehicles making multiple stops during the day, and provides opportunities for companies to achieve significant cost savings by helping to reduce miles driven, fuel consumption, and vehicle maintenance costs.

Fleetmatics noted that it plans to integrate the Routist solution with Fleetmatics REVEAL, a highly-differentiated, business-intelligence based fleet management solution; and Fleetmatics WORK, a powerful field service management solution for small- and mid-sized businesses.