Arsenault Associates Reports Revenue Growth

Fleet management technology provider Arsenault Associates reported Tuesday its third consecutive year of double-digit revenue growth.

Revenue increased 27.7% last year, following increases of 31% in 2006 and 18% in 2005, the company said in a statement.

Arsenault said it had 54 new direct fleet accounts that operated more than 20,000 vehicles and other equipment in 2007, and also increased subscriptions to its hosted Internet service, Dossier 24/7 Fleet On-Line, by 173 new clients.

The privately held firm did not provide profit or loss figures.