FleetMatics

  • Verizon buys Fleetmatics for $2.4B in cash to step up in telematics

    Verizon buys Fleetmatics for $2.4B in cash to step up in telematics

    Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it’s buying Fleetmatics, a telematics company based out of Dublin, Ireland, for $2.4 billion in cash, to build out the products that it offers to enterprises in the areas of logistics and workforces that are on the move. The deal will make Fleetmatics a part… Read More

  • GPS Vehicle Tracking Applications Maker FleetMatics Raises $68 Million

    FleetMatics, a Boston-based provider of GPS tracking applications for commercial fleets, this morning announced that it has closed a massive $68 million growth equity financing round. Late-stage investor Institutional Venture Partners invested in conjunction with Investcorp Technology Partners, FleetMatics’ majority owner. New World Ventures also participated as a new… Read More