Verizon Telematics set to integrate Telogis SaaS products focused on connected car and mobile enterprise management sector
In a move to expand its telematics business, Verizon Communications announced plans to acquire privately held Telogis, which is focused on software-as-a-service targeting the connected car and mobile enterprise management segments.
Financial terms of the deal were not released, but is expected to close by year-end.
Verizon Communications said the operations would be combined with its Verizon Telematics business in a move to expand distribution and service offerings. Verizon Communications noted its business is available in more than 40 markets around the world, supporting consumers, enterprises, automakers and dealers with technology and services for connected-vehicle products.
California-based Telogis was founded in 2001, touting partnerships with vehicle manufacturers Ford, General Motors, Hino, Isuzu, Mack, Volvo and Manitowoc Cranes, as well as with tech companies Apple, Element and AT&T. The firm, which houses offices in Austin, Texas; Toronto; and Christchurch, New Zealand; hinted the deal would help expand its reach.
“Verizon provides the brand equity, strength in the market, broad infrastructure and expansive global reach to take Telogis to the next level,” said Telogis CEO David Cozzens. “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 [original equipment manufacturer] and ecosystem partnerships.”
Verizon’s Telematics business includes a number of platforms, including its Hum aftermarket “vehicle technology and subscription service” and Networkfleet operations.
The Hum device and service were launched last year, and includes an onboard diagnostic reader, a Bluetooth-enabled module that clips to the car’s visor and a smartphone application. The combination is designed to monitor the vehicle’s operation and maintenance needs.
Verizon Wireless previously had a substantial presence in the domestic telematics space through a partnership with General Motors’ OnStar system. However, AT&T snagged that partnership, along with a number of other telematics deals with auto manufacturers. Prior to losing the OnStar deal, Verizon Wireless had signed a number of deals with the likes of BMW, Honda, Hyundai, Kia and Toyota through its 4G Venture Forum for Connected Cars. However, little has been seen from that partnership since it was announced.
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