In 2015, Verizon acquired AOL for $4.4 billion. This gave the company access to MCI’s international holdings and corporate clients, which led Verizon to penetrate the international markets. “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. He has been sought out for his opinion… Serving School & Pupil Transportation Fleet ProfessionalsServing Transit Bus, Private Motorcoach, & Passenger Rail ProfessionalsServing Leaders In Fleet Mobility & Emerging TechnologyWith the deal, Verizon is acquiring a growing telematics leader that has developed partnerships with car and truck manufacturers such as Ford, General Motors, Hino, Isuzu, Mack, and Volvo's Class 8 truck unit.Verizon has acquired California-based Telogis to expand its market share in the growing telematics industry, the telecom giant announced.Serving Car & Truck Fleet Management ProfessionalsServing Corporate, Executive, & Financial Managers Of Large Commercial FleetsServing Vocational & Service Fleet ProfessionalsServing Small Fleet Owners & Managers"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. It was one of the most brilliant Verizon acquisitions. The month prior, it received an undisclosed investment from Fontinalis Partners LLC. A Debevoise & Plimpton team of Jeffrey Rosen, Michael Diz, Lawrence Cagney, Jeffrey Cunard and Peter Furci offered legal counsel to the buyer.Telogis has been seeking for a valuation of $1 billion--a lofty price for a company with around $120 million in revenue, sources suggested. Verizon Telematics currently operates in over 40 markets and offers services for consumers, enterprises, automakers and dealers.In 2014, the company received an equity investment from General Motors Co.'s (GM) venture capital arm, General Motors Ventures LLC. 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 Telematics empowers customers with a wide breadth of premium solutions in the connected vehicle space. He has been sought out for his opinion by such high-profile media outlets as The New Yorker, Fast Company, NPR, USA Today, Los Angeles Times, Boston Herald, Detroit Free Press, Reuters and others.
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