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Fleetmatics CEO: Spending Surge Setting Stage for Future Growth

Fleetmatics is increasing spending in 2014 as it expands into new geographies and products, and while that may pressure the fleet management provider's earnings and stock performance in the short run, it will pay off over the long term, says the company's CEO Jim Travers. Travers says the company is investing aggressively in countries like Mexico and Australia. He also says the potential Time Warner/Comcast merger would not affect Fleetmatics' business despite both companies being customers.