Yesterday, Verizon announced its acquisition of Fleetmatics, a management solutions company, for $2.4 billion. This news comes a week after the announcement of Verizon’s acquisition of Yahoo.
Fleetmatics is known for its systems for managing the mobile workforces of small and medium-sized enterprises. The newest acquisition will be an extension of Verizon’s rapidly expanding services.
The Fleetmatics acquisition is expected to close in Q4 of 2016, and the Yahoo acquisition is expected to close in the first quarter of 2017.