August 3, 2016
In a deal worth around US$2.4 billion, US-based Verizon Communications is to acquire Fleetmatics Group as it seeks to accelerate its position as a provider of fleet and mobile workforce management solutions.
Fleetmatics has developed a wide range of software as a service (SaaS)-based products and solutions for small and medium-sized businesses. According to Verizon, the combination of products and services, software platforms, strong customer bases, domain expertise and experience, as well as the recent