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Slide #85. FleetCor Technologies, Inc. — NexTraq
FleetCor Technologies, Inc. (NYSE:FLT)
FleetCor Technologies, Inc. (NYSE:FLT), a leading global provider of fuel cards and workforce payment products to businesses, announced today that it has acquired NexTraq, a US based provider of telematics solutions to small and medium-sized businesses, from Francisco Partners.
FleetCor Technologies is a provider of digital payment solutions. Co.'s Corporate Payments solutions are designed to help businesses streamline the back-office operations associated with making outgoing payments. Co.'s processing and card management solutions provide customers with capabilities including: customizable user-level controls, detailed transaction reporting, and tax management and reporting. Co. provides gift card program management and processing services in various countries, in both plastic and digital form. Co. provides a Payroll Card solution in North America in the form of a reloadable stored value card, that can be used instead of a paper payroll check.
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Strong Buy (3.64 out of 4)