TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • More
  • Directory
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Follow TelecomTV
  • About
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Verizon Corporate News

Tracker

Verizon to enhance significantly its connected vehicle business with the acquisition of Telogis

Via Verizon Corporate News

Jun 22, 2016

Verizon to enhance significantly its connected vehicle business with the acquisition of Telogis

06.21.2016

NEW YORK – Seeking to add best-in-class Software-as-a-Service (SaaS) technology and services, specifically in the connected vehicle and mobile enterprise management sectors—as well as expanded distribution relationships—to its Verizon Telematics subsidiary, Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced it has signed an agreement to purchase Telogis, Inc., a private company based in Aliso Viejo, California.

“With a comprehensive enterprise product portfolio and partnerships with some of the world’s leading vehicle and equipment manufacturers, Telogis brings a world-class software platform and new distribution relationships to Verizon Telematics’ already expansive suite of connected vehicle solutions for consumers and enterprise customers,” said Andrés Irlando, CEO of Verizon Telematics. “The combined strengths of our two companies’ unique assets better enable us to deliver best-in-class mobile enterprise management services to customers globally, while building scale and accelerating market share. I’m confident that the passion and talent of our collective employees will continue to drive revenue growth and product innovations to shape and lead the industry for years to come.”

“Verizon provides the brand equity, strength in the market, broad infrastructure and expansive global reach to take Telogis to the next level,” said David Cozzens, CEO, Telogis. “This strategic acquisition positions our collective technologies and services uniquely in the market while also enabling Verizon Telematics’ industry-leading business to benefit from Telogis’ unmatched strength in the enterprise market, innovative Mobile Enterprise Management software platform and our strong OEM and ecosystem partnerships.”

Terms of the transaction have not been disclosed. The acquisition is subject to customary regulatory approvals and is expected to close in the second half of 2016.

In connection with the transaction, PJT Partners and Wells Fargo Securities, LLC acted as financial advisors and Debevoise & Plimpton acted as legal advisor to Verizon. Barclays and J.P. Morgan acted as financial advisors and Paul Hastings LLP acted as legal advisor to Telogis.

Verizon Telematics empowers customers with a wide breadth of premium solutions in the connected vehicle space. It operates in more than 40 markets worldwide and offers comprehensive services to consumers, enterprises, automakers, and dealers, providing technological and service expertise to power connected-vehicle products around the world.

Related Topics
  • Announcement,
  • Enterprise,
  • Media & Entertainment,
  • Mobile,
  • News,
  • North America,
  • Tracker,
  • Verizon

More Like This

IoT

Deutsche Telekom seeks to solidify its position in the middle of the IoT ecosystem

Feb 19, 2019

5G

Ericsson enhances 5G Platform for smooth network evolution

Feb 19, 2019

5G

#MWC19: Nokia expands Anyhaul transport portfolio with 25 Gbps speeds to support operator network investment for 5G rollouts

Feb 19, 2019

Mobile

Cisco: Global Mobile Networks Will Support More Than 12 Billion Mobile Devices and IoT Connections by 2022; Mobile Traffic Approaching The Zettabyte Milestone

Feb 19, 2019

AI & ML

Moving AI Processing to the Edge Will Shake Up the Semiconductor Industry

Feb 19, 2019

This content extract was originally sourced from an external website (Verizon Corporate News) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

Debate 4: Analytics, Machine Learning and the Edge

1:06

Guide to TIP: Edge Computing

5:09

Lumina Networks: Tying the old to the new with SDN

3:15

The Route from CSP to DSP is Open

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Webcasts
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders Forum
  • Open Service Provider
  • The Great Telco Debate
Get In Touch
info@telecomtv.com
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2019. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Legal Notices