By Matt Hamblen – Verizon said it plans to extend Hughes Telematics‘ wireless communications technology for vehicles and fleet management to the asset tracking, mobile health and home automation areas.
Hughes Telematics will operate as a subsidiary of Verizon and be run by its current Atlanta-based management team once the deal closes in the third quarter.
John Stratton, president of Verizon Enterprise Solutions, said Verizon plans to combine its global IP network, cloud, mobility and security systems with Hughes wireless service delivery technology. more> http://tinyurl.com/76l3q5a
- Verizon To Buy Hughes Telematics For $612 Million In Cash (forbes.com)
- Verizon to buy Hughes Telematics for $612M to improve car tech offerings (venturebeat.com)
- Verizon to buy Hughes Telematics for its M2M tech (pcadvisor.co.uk)
- Verizon to buy Hughes Telematics for its M2M tech (computerworld.co.nz)
- Verizon to buy Hughes Telematics for its M2M tech (infoworld.com)
- Verizon to acquire Hughes Telematics for $612m; eyes verticals (zdnet.com)
- Your car is a device: Verizon buying Hughes Telematics for $612M (geekwire.com)
- Verizon buys Hughes Telematics to target the connected car (gigaom.com)
- Verizon to buy Hughes Telematics for $612M (seattletimes.nwsource.com)
- Verizon Picks Up Telematics Firm, But No Bargain (VZ, HUTC, GM, TM, QCOM, TRMB) (247wallst.com)
- Verizon Buys Hughes Telematics for $612 Million in Cash, Scott Moritz, Bloomberg
- Verizon to buy Hughes Telematics for $612 million, Reuters