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"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 recently-acquired Telogis and Verizon Telematics will position the combined companies to become a leading provider of fleet and mobile workforce management solutions globally.", www.itsinternational.com
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