Monday, August 1, 2016

Verizon buys Fleetmatics for $2.4B in cash to step up in telematics

shutterstock verizon sign Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it’s buying Fleetmatics, a telematics company based out of Dublin, Ireland, for $2.4 billion in cash, to build out the products that it offers to enterprises in the areas of logistics and workforces that are on the move. The deal will make Fleetmatics a part… Read More

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