Verizon to acquire TracFone Wireless, Inc. Verizon completes acquisition of Fleetmatics. Webelieve inbelieve incommitted tobuilding trust. The acquisition of Movildata will complement Verizon Telematics’ expanding European operations, specifically in Italy and Portugal. Verizon is to acquire fleet management solutions specialist Fleetmatics for approximately $2.4bn (£1.8bn). VZC: Verizon Connect marks the full integration of three best-in-class companies — Networkfleet, Telogis, and Fleetmatics — into a unified, connected commercial vehicle software company. 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Image: Q4PR. If successful, the acquisitions could make Verizon Telematics “unstoppable in the industry and make a difference for our customers,” he said. “Together, we’ll accelerate global market leadership, and empower more businesses with mobile workforces to find new ways to grow, get more done, and delight their customers.”. Why J&J took ‘a very agile’ approach to work during Covid-19, The future of cloud computing may be hybrid, Why ‘grabbing the nettle’ will be crucial for business after Covid-19, Movildata Internacional offices. “One of the things we’re most proud of at Verizon Connect is the potential our current and future technologies have for massive societal impact,” said Andrés Irlando, CEO of Verizon Connect. Verizon has one of the largest venture capital funds in the world. Required fields are marked *. Designed by Zero-G and Square1.io. Fleets that use the Telogis platform are processing 40 million work orders per month to assign work to routes that minimize time and mileage. Going forward more of our content will be permanently logged via blockchain technology—enabling us to provide greater transparency with authoritative verification on all changes made to official releases. In addition, Verizon Telematics plans to add Fleetmatics’ REVEAL™ to the portfolio of software solutions available to Spanish fleet operators. Verizon Communications Inc. agreed to buy Hughes Telematics Inc. for $612 million in cash, vaulting the telephone company deeper into the automotive-technology market. These documents will be available at no charge on the SEC's website at www.sec.gov. Modesto,CA, You may be trading one headache for another. More of our content is being permanently logged via blockchain technology starting [10.23.2020]. Verizon Telematics has invested significantly in a customer success program to support clients during implementation and beyond. NEW YORK – Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced completion of its $2.4 billion acquisition of Fleetmatics Group Andrés Irlando, CEO of Verizon Telematics. How Ireland’s vital emergency call service was kept alive during Covid-19, What to expect from your first day on the EY graduate programme. "Machine-to-machine services are beginning to play a vital role reshaping the business landscape and setting new consumer expectations about establishing valuable connections in their vehicles, their homes and the world around them," said John Stratton, president of Verizon Enterprise Solutions. Andrés Irlando, CEO of Verizon Telematics, said: “With the close of this transaction, Verizon Telematics is squarely positioned as the global leader in fleet and mobile resource management, leveraging the combined strength of three world-class platforms, now serving every segment of the market. Movildata employees have joined the Verizon Telematics team and will continue to drive sales and support for its current fleet management products. Featuring Internet Security powered by Cisco and BlackBerry Smart Antivirus, Speed, security and value with unlimited talk, text and data. CEO of Verizon Telematics, Andrés Irlando, said: “We see Movildata as a natural fit and highly synergistic with our European business. Our editorial transparency tool uses blockchain technology to permanently log all changes made to official releases after publication. HTI will play a key role in Verizon's strategy to offer platform-based solutions tailored to specific industries. More of our content is being permanently logged via blockchain technology starting [10.23.2020]. What’s in store for the future of work in Ireland? Verizon Connect customers also benefit from the combined experience of 3,500 dedicated professionals and nearly 20 years of telematics, mobile workforce and fleet management expertise. A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements; the results and impact of the announcement of the closing of the transaction; the possibility that the parties may be unable to achieve expected increases in revenues and operating efficiencies within the anticipated time-frames or at all and to successfully integrate HTI's operations into those of Verizon or that such integration may be more difficult, time-consuming or costly than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; the retention of certain key employees of HTI may be difficult; changes in technology and competition; implementation and results of HTI's ongoing strategic initiatives; changes in customer needs or demands; and the other factors described in Verizon's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 and in its most recent quarterly report filed with the SEC, and HTI's Annual Report on Form 10-K for the year ended December 31, 2011 and in its most recent quarterly report filed with the SEC.
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