The largest Mobile Operator in the US, Verizon announced that it is acquiring Telogis, a California-based company that develops cloud-based solutions for connected cars. Upon the closure of the transaction, the firm will be added to Verizon’s Telematics unit.
Telogis' Mobile Enterprise Management (MEM) platform for vehicle telematics optimizes and automates businesses to drive safety, productivity and efficiency. Telogis builds its technologies into vehicles and equipment from leading manufacturers including Ford, GM, Hino, Isuzu, Mack, Volvo and Manitowoc Cranes, eliminating the need for hardware installations. Telogis also has strategic partnerships with Apple, Element and AT&T to deliver opportunities to improve every aspect of technology deployment and implementation.
Verizon Telematics empowers customers with a wide breadth of premium solutions in the connected vehicle space. It operates in more than 40 markets worldwide and offers comprehensive services to consumers, enterprises, automakers, and dealers, providing technological and service expertise to power connected-vehicle products around the world.
Andrés Irlando, CEO of Verizon Telematics
With a comprehensive enterprise product portfolio and partnerships with some of the world's leading vehicle and equipment manufacturers, Telogis brings a world-class software platform and new distribution relationships to Verizon Telematics' already expansive suite of connected vehicle solutions for consumers and enterprise customers.
David Cozzens, CEO, Telogis
This strategic acquisition positions our collective technologies and services uniquely in the market while also enabling Verizon Telematics' industry-leading business to benefit from Telogis' unmatched strength in the enterprise market, innovative Mobile Enterprise Management software platform and our strong OEM and ecosystem partnerships.
