Fleetmatics Files for Public Offering

Fleetmatics Group, a provider of Web-based fleet management services, said it has filed with the U.S. Securities and Exchange Commission for a proposed public offering of 8 million shares.

The company said 1 million of the shares will be sold by Fleetmatics and the rest will be sold by shareholders, including its CEO and some company officers.

In addition, the company’s principal shareholder granted the underwriters an option to sell 1.2 million ordinary shares.

According to the company, it serves more than 19,000 customers, tracking more than 356,000 vehicles worldwide.