Posts Tagged ‘Logistics’
Verizon is getting aggressive in growing its IoT business. Verizon’s first foray in IoT was in Smart Home when they launched a service around the solution from 4Home (acquired by Motorola, my guess is that the acquisition was influenced by Verizon?). It was a DIY service unlike its peers who had launched managed services (Comcast, AT&T, Cox, ADT), and IMO it was dead on arrival. It limped along for 4 years and finally shut down.
Verizon’s strategy also seemed uncertain when they acquired Hughes Telematics back in June of 2012. Hughes Telematics is based in Atlanta – and I have only heard of anecdotes and rumors of that division constantly losing people or being laid off since 2012. It felt that their Connected Car strategy was falling apart.
However recent events point to a different story – they are getting serious about this space. They have announced two back to back acquisitions. First with Telogis in June of this year and it was followed by Fleetmatics in August. Verizon certainly has heft between the three acquisitions in the Connected Car & Telematics space.
And to keep the momentum rolling – Verizon announced that it is acquiring Sensity Systems, a Smart City startup last week.
The question though is does it have the internal organizational strength and discipline to make the most of all of these acquisitions. Remember that they have also announced that they are acquiring Yahoo!
List of all the VZ Acquisitions as compiled by Crunchbase: https://www.crunchbase.com/organization/verizon/acquisitions
Here is list of analysis on the acquisitions worth reading: