Wednesday, September 13, 2006

Fleet Management Solutions Received $2.4M Financing

San Luis Obispo-based Fleet Management Solutions has raised $2.4M in a mezzanine debt deal, according to funder Snobird Capital. Snowbird said that the funding will be used by FMS to expand its international markets as working capital. Fleet Management Solutions develops GPS tracking systems for inventory and mobile assets, particularly in Central and South America, Africa, the Middle East, Australia and Southeast Asia through satellite transmissions. More information »