Verizon Buys Telogis, Beefs Up Telematics Subsidiary
Verizon is buying software-as-a-service company Telogis, adding Telogis' product line to its Verizon Telematics subsidiary, the carrier said Tuesday. “With a comprehensive enterprise product portfolio and partnerships with some of the world’s leading vehicle and equipment manufacturers, Telogis brings a…
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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, in a news release. Telogis is closely held. Verizon didn’t disclose terms.