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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…

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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.