When did Verizon purchase Telogis?
21 June 2016
In February 2011 private investors provided $2.9 million. Additional funding was received from GM Ventures in 2014. On 21 June 2016, it was announced that Telogis will merge with Verizon via an acquisition.
How much did Verizon pay for Telogis?
until a little over a month ago. Boom! Like a bomb piercing the silence of a ceasefire, Verizon announced the acquisition of Telogis. A rumored $930 million dollars was offered up for a company that claims over 80 of the 100 largest for-hire fleets as customers and has more than 300K vehicles under management.
What is Verizon fleet tracking?
Verizon Connect is an advanced GPS fleet tracking solution that gives a near real-time 360-degree view of a fleet’s daily operations, to help improve driver safety, increase productivity and stay on top of vehicle maintenance to streamline fleet management.
How does Verizon fleet work?
Fleet tracking is a management system that uses GPS to monitor the activity of tracked assets (vehicles, workers, equipment). Fleet tracking uses telematics technology to collect data from a fleet of assets.
What was the purpose of the company Telogis?
Telogis was a privately held US-based company that develops location-based software to manage mobile resources. Telogis sold software as a service (SaaS) which incorporated location information into applications for fleet owners as well as geospatial software development toolkits.
When did Telogis acquire remote dynamics and NavTrak?
In July 2010 Telogis acquired the assets of Remote Dynamics, then in February, 2011 Telogis acquired the assets of Intergis, a provider of routing, mobile resource and fleet management software for approximately 2,000 small to mid-sized business fleets. In July 2012 Telogis acquired Navtrak.
Who are the sister companies of Telogis software?
On March 6, 2018, a press release announced that Telogis would be rebranded along with sister companies– Fleetmatics and Verizon Telematics–as Verizon Connect . Telogis software collects location-based data from embedded and installed hardware in vehicles, as well as from mobile devices.
When was Telogis Navigation acquired by Kleiner Perkins?
The acquisition resulted in Telogis Navigation, commercial navigation software that gives professional drivers built-in feedback systems to provide up-to-date road network information. The company’s first outside venture capital was announced in October 2013, with $93 million from Kleiner Perkins Caufield & Byers.
