Fleetcor Technologies Inc Announces Acquisition from Telenav Inc

Thursday, 14 Mar 2013 08:30am EDT 

Fleetcor Technologies Inc announced that it has signed definitive documents to acquire a mobile business, that tracks the location of mobile workers in field based businesses. The agreement includes the acquisition of Telenav Inc's enterprise business. The enterprise division being acquired has approximately 8,000 business clients, and a marketing relationship with AT&T, Sprint and Verizon. The division's flagship product line is a set of mobile handset applications (compatible with both Apple and Android) that provide mobile workforces with tracking and other productivity tools. Terms of the transaction were not disclosed.