FASTER Asset Solutions

What FASTER Asset Solutions does

FASTER Asset Solutions is a U.S.-based software company providing a fleet management information system (FMIS) purpose-built for public sector fleet operations. Founded in 1982 and headquartered in Charlotte, North Carolina, the company serves more than 400 organizations — including municipalities, K-12 school districts, universities, utilities, transit agencies, law enforcement, and airports — managing over one million fleet assets across North America. The platform addresses the regulatory, capital-planning, and uptime challenges unique to government fleets, where compliance documentation, lifecycle cost defensibility, and audit readiness are first-order requirements rather than add-ons.

The core product is FASTER FMIS, delivered as a cloud-based web application (FASTER Web, introduced in 2022) with a mobile companion app (FASTER FX) for field technicians. The modular platform covers fleet maintenance management with automated PM scheduling and work order processing, asset lifecycle management with a 15-Point Asset Replacement Scoring System, fuel management, parts and inventory, TCO and reporting analytics, telematics integration, digital inspections via FASTER Inspector, and motor pool reservations. The architecture integrates natively with leading telematics providers (Geotab, Samsara, Motive, Verizon Connect), fuel card systems (WEX, FuelMaster, Voyager, EJ Ward), and major ERP platforms (Oracle, SAP, Tyler, Workday). The latest release (FASTER 7.11, January 2026) added WCAG 2.1 AA accessibility compliance, streamlined inventory-to-work-order linking, and expanded telematics and fuel integrations. The platform holds SOC 2 Type II certification and operates with U.S.-based product, engineering, and support teams.

FASTER operates as a wholly-owned subsidiary of Transit Technologies, a transportation technology ecosystem connecting over 100,000 vehicles and facilitating 100 million passenger trips annually. Revenue is generated through quote-based, multi-year SaaS subscriptions priced by fleet size under a flat-fee, non-tiered model with unlimited asset tracking and no user-based licensing limits. The company sells primarily through direct enterprise field sales targeting government fleet managers and procurement officials, supplemented by the Florida Sheriffs Association Cooperative Purchasing Program (awarded vendor since 1993) and cross-channel distribution through the Transit Technologies ecosystem, including bundled Vestige safety technology (vehicle and body cameras, wearable panic buttons).

Name

FASTER Asset Solutions

Legal name

FASTER Asset Solutions

Website

https://fasterasset.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

FASTER Asset Solutions provides a cloud-based fleet management information system purpose-built for U.S. public sector fleets, serving 400-plus municipalities, K-12 districts, utilities, transit agencies, and law enforcement agencies managing over one million fleet assets across North America.

Ownership category

akta.pro rank

Product category

Fleet Management Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Asset & Maintenance Management (EAM/CMMS) Platforms (HDAEAEAM)

akta.pro secondary industries

Data Integration, APIs & Telematics Data Platforms (TLABAJAM), Integrated Fleet Spend Platforms (Fuel+Toll+EV+Expenses) (TLABAMAL)

Keywords

• Fleet management software
• Public sector fleet solutions
• Fleet maintenance software
• Asset lifecycle management
• Government fleet systems

Headquarters

HQ city

Virginia Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Fleet Management Software Subscription: FASTER operates on a subscription-based SaaS model with a flat-fee, non-tiered platform structure. The company offers unlimited asset tracking without financial penalty for growth. Pricing is quote-based and tailored to fleet size and organizational needs.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

FASTER Asset Solutions provides a cloud-based Fleet Management Information System (FMIS) purpose-built for public sector fleet operations. The platform manages the full asset lifecycle — from acquisition through disposal — with modules covering preventive maintenance, work orders, parts and inventory, fuel management, telematics, motor pool reservations, and total cost of ownership (TCO) analytics. It is delivered via FASTER Web (cloud) or FASTER FX (mobile) and integrates with telematics providers, fuel card systems, and ERP platforms.

Product overview

FASTER Asset Solutions offers a modular Fleet Management Information System (FMIS) built for public sector and government fleets. The core platform, FASTER FMIS, is available as either a cloud-accessible web application (FASTER Web) or a legacy desktop variant (FASTER WIN), managing assets from acquisition through disposal. The core modules include Fleet Maintenance Management (work orders, PM scheduling, technician labor tracking), Asset Management (lifecycle cost, replacement scoring, compliance), Fuel Management (transaction import via WEX, FuelMaster, Voyager), Parts & Inventory Management (barcode scanning, procurement, warranty), TCO & Reporting Analytics (KPIs, dashboards, budget forecasting), and Telematics & Alert Management (integrating Geotab, Samsara, Motive, Verizon Connect, Vestige). Add-on modules extend the platform with Motor Pool Reservations, FASTER Inspector (digital inspections), Vehicle Lifecycle Scoring, and pre-built Integration Add-ons. The platform also integrates with ERP systems (Oracle, SAP, Tyler, Workday). Through the Transit Technologies ecosystem, FASTER is also bundled with Vestige safety technology — vehicle cameras, body cameras, and wearable panic buttons — marketed together through programs like the Florida Sheriffs Association Cooperative Purchasing Program. A mobile application, FASTER FX, delivers work order and inspection tools to field technicians.

Differentiator

Problem solved

Functional benefit

Brands

• FASTER FMIS: FASTER Fleet Management Information System - comprehensive software platform for fleet maintenance, repair, and asset lifecycle management.
• FASTER Web
• FASTER FX
• FASTER Inspector
• Vestige

Products and services

• FASTER FMIS (Fleet Management Information System) The central FASTER platform providing real-time visibility into vehicles, equipment, operators, and usage across an entire fleet. Covers asset tracking, preventive maintenance scheduling, work order management, parts and inventory, fuel management, telematics integration, TCO analytics, and motor pool reservations from acquisition through disposal. Built for public sector fleet operations.
• FASTER Web Cloud-based, entirely web-accessible version of the FASTER platform. Eliminates user-based licensing limits, enables role-based access control for stakeholders across departments, and provides real-time access from any location.
• FASTER FX (Mobile App) Mobile application for field technicians providing work order management and inspection tools directly at the point of service.
• FASTER Fleet Maintenance Management Comprehensive maintenance and labor tracking based on work order process flow. Automates preventive maintenance schedules, streamlines work orders, tracks parts in real time, manages technician productivity, and includes customer service tools with online repair requests, automatic notifications, and appointment scheduling.
• FASTER Asset Management Comprehensive fleet asset management from initial acquisition planning through disposal. Enables proactive vehicle replacement planning using lifecycle cost and utilization data, tracks inspections, warranties, and compliance deadlines, and maintains full visibility into asset readiness across the fleet.
• FASTER Fuel Management Collects and stores fuel transactions by manual process, electronic upload, or integrated web services. Provides true fuel cost per vehicle and per mile, identifies fuel exceptions and waste, consolidates fuel data with maintenance and asset costs, and improves operating cost predictability.
• FASTER Parts & Inventory Management Comprehensive inventory management and parts tracking from order and receipt through issues, including warranty replacements, core tracking/returns, and vendor credits in the accounting system. Features barcode scanning, automated reorder reports, and inventory minimums/maximums.
• FASTER TCO & Reporting Analytics Reporting, business intelligence, and fleet analytics platform delivering standard reports based on fleet and business best practices. Enables defensible vehicle replacement and capital spend justifications, supports audit and budget reporting, monitors fleet KPIs in one place, and reduces time spent building manual reports.
• FASTER Telematics & Alert Management Turns vehicle telematics data into actionable maintenance workflows. Converts telematics alerts into maintenance items, enables automatic behaviors, sets alert urgency levels, and delivers customized email and text notifications. Integrates with Geotab, Samsara, Motive, and Verizon Connect.
• FASTER Inspector Digital pre-trip, post-trip, driver swap, and safety inspection workflows replacing paper-based inspection processes with searchable, auditable compliance records. Supports digital checklists and automated compliance tracking under regulatory requirements.
• FASTER Motor Pool Management Asset sharing, rental, and reservations for motor pool locations. Tracks reservations, utilization, and cost attribution for agencies that share vehicles across departments.
• FASTER Vehicle Lifecycle Management Vehicle lifecycle scoring and asset replacement planning tools implementing a 15-Point Asset Replacement Scoring System that scores every vehicle on age, mileage, maintenance spend, and condition index to automatically surface replacement candidates.
• Vestige Vehicle Cameras High-definition vehicle cameras with 360° coverage, AI-powered event detection for risky driving behaviors (distracted or aggressive driving), and cloud-based video access for supervisor review and footage export. Part of the integrated safety ecosystem marketed with FASTER.
• Vestige Body Cameras Body-worn cameras built for rugged field environments, recording HD video with automatic upload to secure cloud storage. Integrated with the FASTER platform to link body-cam data with incident reports, vehicle logs, and work orders.
• Vestige Wearable Panic Buttons Wearable panic button devices providing one-press activation that sends immediate GPS-precise alerts to dispatch or command, with automatic escalation protocols. Deployed through the Florida Sheriffs Association cooperative purchasing program.
• FASTER 7.11 Latest version of FASTER Web released January 2026. Introduces WCAG 2.1 AA accessibility compliance, clean report exports (Asset Record and Inventory Item Issue), streamlined inventory-to-work-order part linking, and two new integrations: EJ Ward fuel sync and Verizon Connect REVEAL telematics.

Quantifiable outcome

• Reduce unplanned downtime by at least 20% through preventive maintenance
• +10 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature10 records

Partnerships

Nine partnerships are on record, tiered core.

• VestigecoreTechnology or IntegrationVestige is a fellow Transit Technologies brand providing advanced safety and situational awareness tools including dash cameras (360° coverage with AI-powered event detection), body-worn cameras with cloud upload, and wearable panic buttons with GPS and automatic escalation. Through this partnership, FASTER delivers connected vehicle and personal safety technology directly to public agencies through the FSA contract.
• GeotabcoreTechnology or IntegrationTelematics integration partner for GPS fleet tracking and telematics data. FASTER integrates with Geotab to pull automatic meter readings and telematics data into the fleet management system.
• SamsaracoreTechnology or IntegrationTelematics integration partner providing GPS tracking and telematics data. FASTER integrates with Samsara to automate meter reading capture and improve fleet oversight.
• MotivecoreTechnology or IntegrationTelematics integration partner for GPS fleet tracking. FASTER connects with Motive to provide automatic meter readings and telematics data integration.
• Verizon Connect (REVEAL)coreTechnology or IntegrationTelematics integration partner (Verizon Connect REVEAL) providing automatic meter readings and telematics data. FASTER 7.11 release included expanded Verizon Connect integration for improved fleet oversight.
• FuelMastercoreTechnology or IntegrationFuel management system integration partner. FASTER integrates with FuelMaster for fuel transaction imports and fuel management data.
• WEXcoreTechnology or IntegrationFuel card integration partner. FASTER connects with WEX for fuel transaction data imports and fuel spend management.
• Florida Sheriffs Association (FSA)coreChannel Partner/ Reseller/ DistributorFASTER is an awarded vendor on the FSA Cooperative Purchasing Program (CPP), enabling Florida law enforcement and public agencies to procure FASTER fleet management software, GPS tracking, and Vestige safety technology without issuing separate RFPs. The program has served 400+ agencies since 1993.
• Transit TechnologiescoreStrategic or Co-development PartnerTransit Technologies is the parent company and strategic ecosystem behind FASTER. The company connects over 100,000 vehicles and facilitates 100 million passenger trips annually. FASTER is backed by this growing ecosystem of transportation and mobility solutions.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AssetWorks: Direct competitor offering FleetFocus and related EAM/CMMS products purpose-built for government, public safety, transit, and higher education fleets—closely overlapping with FASTER's core buyer profile and feature set.
• Chevin Fleet Solutions: Fleet management SaaS (FleetWave) covering maintenance, asset lifecycle, fuel, and reporting for public sector and commercial fleets—a direct peer in fleet EAM/CMMS, particularly in government and utilities.
• RTA Fleet Management Software: Fleet maintenance and inventory management SaaS serving municipalities, transit, and government agencies—a close functional peer in the public-sector fleet CMIS market.

Emerging players

• Fleetio: Modern cloud fleet maintenance and fuel management platform expanding from commercial fleets into public sector; comparable product scope (maintenance, fuel, parts, integrations) and a younger SaaS-native architecture.
• Motive: Fleet management and telematics platform expanding into maintenance and compliance workflows; an FASTER telematics partner with overlapping product surface and broader commercial momentum.

Broad incumbents

• Geotab: Largest telematics platform with MyGeotab fleet management functionality; an FASTER integration partner and adjacent competitor that is moving up the stack from GPS/telematics into maintenance and asset workflows.
• Samsara: IoT/fleet platform with telematics, maintenance, and asset visibility modules; an FASTER telematics partner and increasingly overlapping competitor with a much larger R&D and go-to-market footprint.
• Verizon Connect: Fleet telematics (formerly Fleetmatics/Reveal) integrated with FASTER; offers adjacent fleet management capabilities to commercial and government customers at much greater scale.
• Tyler Technologies: ERP/municipal software incumbent (Munis, etc.) that integrates with FASTER today but could plausibly extend into native fleet/asset modules given its deep municipal customer base.

Regional players

• Versatrans: Tyler Technologies' school transportation routing/planning product; overlaps with FASTER's K-12 transportation and bus fleet customers and competes for the same district-level budgets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/faster-asset-solutions

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FASTER Asset Solutions