Doug began his career in 1988 as the editor of the industry trade magazine Mobile Electronics, and went on to serve as editor of the consumer publications Car Audio and Electronics, Car Stereo Review, Mobile Entertainment and Road & Track Road Gear. A Paul Hastings team of Jason Rednour, Brandon Howald, Sam Ghaffarzadeh and Margaret Yi provided legal counsel to the target.Telogis CEO David Cozzens said in the statement that the acquisition positions the combined entity's technologies and services uniquely in the market.As for Verizon, the acquisition of Telogis will increase its footprint in the connected vehicle sector. That transaction closed on July 29. But in a way, Verizon buying Telogis is a sign that the latter may have proved to be the more superior, and the one with the key customer deals. In June, Verizon Telematics announced the acquisition of Telogis Inc., a global, cloud-based mobile enterprise management software company based in Aliso Viejo, California.
Doug Newcomb has been covering car technology as a journalist for 30 years and is a renowned expert on connected cars and mobility. In June, Verizon Telematics also announced the acquisition of Telogis, Inc., a global, cloud-based mobile enterprise management software company based in Aliso Viejo, Calif. That transaction closed on July 29. In 2016, Telogis was acquired by Verizon. Kleiner Perkins Caufield & Byers injected $94 million in October 2013.Officials with Verizon and Telogis declined to comment further.Earlier this year, GTCR LLC paid about $550 million for Lytx Inc. to emerge as a winner of a competitive auction via Rothschild and Morgan Stanley.Verizon Communications received financial advice from PJT Partners and a Wells Fargo Securities team of Jim Broner, Vartan Aznavvorian, Maxwell Gover and Rory Berger. As for Verizon, the acquisition of Telogis will increase its footprint in the connected vehicle sector. With approximately 1,200 employees, Fleetmatics is headquartered in Dublin, Ireland, with North American headquarters in Waltham, Mass. Still, some observers acknowledged that a price tag that high wouldn't be completely out of the question given the target's scale, especially in a market where doubts are growing that whether high-quality fleet management software assets are running low.Elsewhere, the transportation software sector continues to see active dealmaking across all levels of enterprise value. In 2015, Verizon acquired AOL for $4.4 billion. Telogis has acquired 6 organizations.
In 2014, Doug launched events under the C3 banner at SXSW, in New York and the Bay Area, and in 2015 added a D.C. policy forum. VZC: Verizon Connect marks the full integration of three best-in-class companies — Networkfleet, Telogis, and Fleetmatics — into a unified, connected commercial vehicle software company. The acquisition is subject to customary regulatory approvals and is expected to close in the second half of 2016.These three schools used resources from Verizon Innovative Learning to level up.“Verizon provides the brand equity, strength in the market, broad infrastructure and expansive global reach to take Telogis to the next level,” said David Cozzens, CEO, Telogis. “This strategic acquisition positions our collective technologies and services uniquely in the market while also enabling Verizon Telematics’ industry-leading business to benefit from Telogis’ unmatched strength in the enterprise market, innovative Mobile Enterprise Management software platform and our strong OEM and ecosystem partnerships.”Stay up-to-date with the latest news stories from Verizon.Verizon is a global leader delivering innovative communications and technology solutions that improve the way our customers live, work and play.In connection with the transaction, PJT Partners and Wells Fargo Securities, LLC acted as financial advisors and Debevoise & Plimpton acted as legal advisor to Verizon. Verizon Telematics currently operates in over 40 markets and offers services for consumers, enterprises, automakers and dealers.In 2014, the company received an equity investment from General Motors Co.'s (GM) venture capital arm, General Motors Ventures LLC.
It operates in more than 40 markets worldwide and offers comprehensive services to consumers, enterprises, automakers, and dealers, providing technological and service expertise to power connected-vehicle products around the world. ... Telogis acquired by Verizon Communications . ... will be impacted by the Verizon acquisition. He's currently a columnist for Autoblog and PCMag.com and writes for Automobile and other outlets.In 2013 Doug cofounded the Connected Car Conference (C3) in New York and co-producer the inaugural Connected Car Expo at the LA Auto Show. Doug has also worked as a consultant with some of the world’s leading automotive and technology brands developing content and conferences and delivering market intelligence and insight.Prior to launching C3, Doug served as Senior Editor, Technology at Edmunds.com.
With approximately 1,200 employees, Fleetmatics is headquartered in Dublin, Ireland, with North American headquarters in Waltham, Mass. A Debevoise & Plimpton team of Jeffrey Rosen, Michael Diz, Lawrence Cagney, Jeffrey Cunard and Peter Furci offered legal counsel to the buyer.Telogis has been seeking for a valuation of $1 billion--a lofty price for a company with around $120 million in revenue, sources suggested.
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