Verizon Communications agreed to acquire Fleetmatics Group PLC (NYSE: FLTX)for $60.00 per share in cash – representing a value of approximately $2.4 billion.
Fleetmatics offers software-as-a-service (SaaS) fleet management solution that provides operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce.
As of March 31, 2016, Fleetmatics served approximately 37,000 customers and approximately 737,000 subscribed vehicles throughout Australia, Canada, France, Ireland, Mexico, the Netherlands, the United Kingdom, the United States and Italy. The company has approximately 1,200 employees and is headquartered in Dublin, Ireland, with North American headquarters in Waltham, Mass.
"Fleetmatics is a market leader in North America -- and increasingly internationally -- and they've developed a wide-range of compelling SaaS-based products and solutions for small- and medium-sized businesses," said Andrés Irlando, CEO of Verizon Telematics. "The powerful combination of products and services, software platforms, robust customer bases, domain expertise and experience, and talented and passionate teams among Fleetmatics, the recently-acquired Telogis, and Verizon Telematics will position the combined companies to become a leading provider of fleet and mobile workforce management solutions globally," Irlando added.
In June, Verizon Telematics also announced the acquisition of Telogis, Inc., a global, cloud-based mobile enterprise management software company based in Aliso Viejo, Calif. That transaction closed on July 29.
Verizon Telematics, a subsidiary of Verizon Communications, operates in more than 40 markets worldwide and offers comprehensive wireless, software and hardware solutions to consumers, enterprises, automakers and dealers to power connected-vehicle products around the world.
http://www.verizon.com
https://www.fleetmatics.com/
Fleetmatics offers software-as-a-service (SaaS) fleet management solution that provides operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce.
As of March 31, 2016, Fleetmatics served approximately 37,000 customers and approximately 737,000 subscribed vehicles throughout Australia, Canada, France, Ireland, Mexico, the Netherlands, the United Kingdom, the United States and Italy. The company has approximately 1,200 employees and is headquartered in Dublin, Ireland, with North American headquarters in Waltham, Mass."Fleetmatics is a market leader in North America -- and increasingly internationally -- and they've developed a wide-range of compelling SaaS-based products and solutions for small- and medium-sized businesses," said Andrés Irlando, CEO of Verizon Telematics. "The powerful combination of products and services, software platforms, robust customer bases, domain expertise and experience, and talented and passionate teams among Fleetmatics, the recently-acquired Telogis, and Verizon Telematics will position the combined companies to become a leading provider of fleet and mobile workforce management solutions globally," Irlando added.
In June, Verizon Telematics also announced the acquisition of Telogis, Inc., a global, cloud-based mobile enterprise management software company based in Aliso Viejo, Calif. That transaction closed on July 29.
Verizon Telematics, a subsidiary of Verizon Communications, operates in more than 40 markets worldwide and offers comprehensive wireless, software and hardware solutions to consumers, enterprises, automakers and dealers to power connected-vehicle products around the world.
http://www.verizon.com
https://www.fleetmatics.com/
Verizon Confirms $4.8 Billion Acquisition of Yahoo
Verizon confirmed a deal to acquire Yahoo for $4.8 billion in cash. The deal does not include Yahoo’s cash, its shares in Alibaba Group Holdings, its shares in Yahoo Japan, Yahoo’s convertible notes, certain minority investments, and Yahoo’s non-core patents (called the Excalibur portfolio). Yahoo will remain a registered, publicly traded investment company holding these assets, and will change its name once the deal closes. Yahoo, which was founded...
Verizon to Acquire XO's Fiber Business for $1.8 Billion
Verizon Communications has agreed to acquire XO Communications’ fiber-optic network business for approximately $1.8 billion. Verizon cited several financial benefits from the transaction, including a step-up in the basis of the assets as well as operating and capital expense savings. The net present value of the operational synergies is expected to be in excess of $1.5 billion. Separately, Verizon will simultaneously lease available XO wireless
Verizon Cites Mobile Content Strategy for AOL Acquisition
Verizon announced plans to acquire AOL for $50 per share -- an estimated total value of approximately $4.4 billion -- for its digital content and advertising platforms. Verizon said the deal further drives its LTE wireless video and OTT (over-the-top video) strategy. The agreement will also support and connect to Verizon’s IoT (Internet of Things) platforms, creating a growth platform from wireles
