Verizon Communications Acquires Telogis for Undisclosed Sum

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6136b52f-346d-4272-8ccd-0f4671f1b299
Date
6/22/2016
Company Name
Telogis
Mailing Address
20 Enterprise Aliso Viejo, CA 92656 USA
Company Description
Telogis’ product portfolio consists of a comprehensive wireless fleet management solution for fleets and a robust, proprietary mapping solution for fleet management companies and other telematics OEMs, enterprise users and systems integrators.
Website
http://www.telogis.com
Transaction Type
M&A
Transaction Amount
Undisclosed
Transaction Round
Proceeds Purposes
M&A Terms
Verizon plans to use the Telogis technology to enhance its connected vehicle offerings. Financial terms of the transaction were not disclosed.