Verizon Aims To Enhance Its IoT Presence With Fleetmatics Deal
Verizon Telematics is betting big on its IoT business. Company’s latest acquisition of Fleetmatics, a web-based fleet management company for USD 2.4 billion, is considered to be a further step towards becoming a leading players in the IoT space. Verizon, the second-biggest wireless provider in the U.S. by market value, has entered an agreement to acquire Fleetmatics in a deal valued at $2.4 billion. With approximately 1,200 employees, Fleetmatics is headquartered in Dublin, Ireland, with North American headquarters in Waltham, Mass. The company’s Web-based solutions provide fleet operators with visibility...