Skip to main content
Aug 05, 2016

Mobility News Briefing - August 5

It's hard to keep up with every news story, interesting article, and blog post. Catch us every Friday for a roundup of the stories we think you want to know about each week. Subscribe to make sure you don't miss an update!


Verizon set to acquire Fleetmatics for $2.4 billion...

The story? Verizon Communication announced Monday, August 1st that they will be acquiring the fleet and mobile workforce management company, Fleetmatics for approximately $2.4 billion. Background? Fleetmatics, founded in 2004 and headquartered in Dublin, Ireland, provides businesses with intel on their fleet operators like vehicle location, speed, mileage, fuel usage, etc via their SaaS web-based and mobile app solutions. With 37,000 customers and 737,000 subscribed vehicles worldwide, Fleetmatics strives to help companies improve productivity, reduce operating and capital costs, and ultimately increase revenue. Why the acquisition? Verizon Telematics, the Verizon Communications subsidiary that offers solutions that power connected vehicle products, is adding Fleetmatics to their portfolio after recently acquiring the mobile enterprise management company, Telogis. Stacking up and combining products, their goal is to attack and become the leading provider of the fleet and mobile workforce management industry. The acquisition is not final yet but once approvals are granted and closing conditions are met, Verizon expects the deal to close in Q4 of this year. For more details, check out the press release here.

Olivia Holmes

More from the Blog
May 27, 2020

Application Security: Testing is NOT Enough

In the software development world, developers are faced with a breakneck release schedule and tasked to produce applications ...
Read more
Apr 30, 2020

Mobile Application Management: A Forward View

IT Is Adapting in the Midst of the COVID-19 Pandemic The Coronavirus pandemic is a human tragedy, affecting hundreds of thou ...
Read more
Apr 16, 2020

The Next Step in the Arxan Journey

As many of you may have seen, we just announced that w
Read more