Verizon Buys Telogis, Beefs Up Telematics Subsidiary

Verizon is buying software-as-a-service company Telogis, adding Telogis' product line to its Verizon Telematics subsidiary, the carrier said Tuesday. “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, in a news release. Telogis is closely held. Verizon didn’t disclose terms.