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Verizon acquires Telogis

Jun 23 • News • 2059 Views • 2 Comments on Verizon acquires Telogis

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Verizon Communications is acquiring mobility software platform specialist Telogis to enhance its  connected vehicle business.

Seeking to add best-in-class Software-as-a-Service (SaaS) technology and services, specifically in the connected vehicle and mobile enterprise management sectors—as well as expanded distribution relationships—to its Verizon Telematics subsidiary, Verizon Communications Inc. has announced it  is to buy privately-owned Telogis, Inc.,  the Californian-based mobility software platform specialist.

“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,” said Andrés Irlando, CEO of Verizon Telematics. “The combined strengths of our two companies’ unique assets better enable us to deliver best-in-class mobile enterprise management services to customers globally, while building scale and accelerating market share. I’m confident that the passion and talent of our collective employees will continue to drive revenue growth and product innovations to shape and lead the industry for years to come.”

“Verizon provides the brand equity, strength in the market, broad infrastructure and expansive global reach to take Telogis to the next level,” said 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.”

Terms of the transaction have not been disclosed. The acquisition is subject to customary regulatory approvals and is expected to close in the second half of 2016.

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2 Responses to Verizon acquires Telogis

  1. wilsonmj1123@yahoo.com' Matt says:

    I am reading about Verizon buying Telogis recently, and now Fleetmatics. I / other concerned parties are still waiting for the details on the Verizon / Telogis deal.

    Telogis, who was a private company, has patents from purchasing publicly traded Remote Dynamics Inc. (RMTD). The shareholders of RMTD were never compensated when Telogis bought RMTD’s assets (including patents). Will Verizon have to pay RMTD’s shareholders now that those patents are owned by publicly traded Verizon?

    Check out RMTD on Investor’s Hub. Everyone is talking/arguing. Nobody knows anything. Been going on since 2008-2009.

    • kris@fieldservicenews.com' Kris Oldland says:

      Hi Matt – thanks for the input – is a very murky area indeed and as you say no one really knows what is going on in terms of the shareholders of RMTD. An interesting one to keep watch on as precedents set here could be quite wide reaching…

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