Tag Archive | "Fleetmatics"

Verizon Looks to Seal Deal with Fleetmatics in Q4


Verizon Looks to Seal Deal with Fleetmatics in Q4In a move that could ultimately reverberate across the healthcare space and a multitude of other industries, Verizon and Fleetmatics Group PLC have announced that they have entered into a definitive agreement under which Verizon will acquire Fleetmatics, a leading global provider of fleet and mobile workforce management solutions, for $60.00 per share in cash – representing a value of approximately $2.4 billion.

Fleetmatics, if you’re not familiar, is a leading global provider of fleet and mobile workforce management solutions.

“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.
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