Verizon gobbles Fleetmatics

Verizon will soon be adding to its business service offerings thanks to a $2.4bn acquisition.

The US telecoms giant has agreed to acquire Dublin-based Fleetmatics, a company that specializes in GPS-tracking tools for businesses. The Fleetmatics SaaS allows companies to check on delivery or service vehicles and track driver speeds and routes.

After the deal closes, Fleetmatics will be folded into the existing Verizon Telematics service. ®