Verizon aims to pump up its IoT presence with fleet-management buy

Verizon Communications plans to buy cloud-computing-focused fleet management firm Fleetmatics Group, in a deal that will pump up the telecom carrier’s internet of things portfolio.

The $ 2.4 billion deal for the Dublin-based fleet management vendor will give Verizon a toehold in the GPS vehicle-tracking and connected cars markets. Fleetmatics, with U.S. headquarters in Waltham, Mass., has about 37,000 customers and 737,000 subscribed vehicles worldwide.

The deal, announced Monday, “underlines Verizon’s commitment to the IoT space,” Dan Bieler, a digital business analyst with Forrester Research, said by email. “In terms of IoT revenues, this deal helps to improve Verizon’s positioning.”

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Another iPhone 7 Tipster Reveals A Significant Home Button Change

There has been speculation that Apple was going to completely revamp the home button feature in the iPhone 7. In October 2015, Piper Jaffray managing director and senior research analyst Gene Munster predicted that the home button on the iPhone 7 could be eliminated in favor of a digital button that would utilize 3D Touch. About 6 months later, supply chain sources told Storm Media that the iPhone 7 will have a touch-sensitive digital button rather than the traditional physical button separated from the display — which would make the front of the device completely flush. And this past week, sources with the Japan-based Apple news blog Mac Otakara agreed that the iPhone 7 will have touch-sensitive 3D Touch home button.


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