Verizon Closes $2.4 Billion Buy of Fleetmatics, Mobile Workforce Company

Verizon completed its $2.4 billion acquisition of Dublin-based Fleetmatics (see 1608010013), a fleet and mobile workforce management company serving small and medium-sized businesses. With North American headquarters in Waltham, Massachusetts, it's “now part of the Verizon Telematics business, which offers comprehensive wireless, software and hardware solutions to consumers, enterprises, automakers and dealers to power connected-vehicle products around the world,” the carrier said in Monday news release: The business has more than 42,000 customers, 826,000 subscribers and a team of 1,200.