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Verizon's Internet of Things Acquisition History in 10 Slides

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Verizon has dramatically ramped up its IoT-related acquisitions over the last five years.

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Verizon's Internet of Things Acquisition History in 10 Slides

  1. 1. Text Text Verizon's Internet of Things Acquisition History in 10 Slides Image source: Verizon.
  2. 2. In January 2012, Verizon purchased Qualcomm's 50% share of nPhase – a joint venture the two companies operated to develop machine- to-machine communications technologies. Image source: Verizon.
  3. 3. Verizon acquired Hughes Telematics for $612 million in June 2012. The buy represented Verizon's first big push into telematics and connected cars. Image source: Verizon.
  4. 4. Verizon acquired AOL for $4.4 billion 2015. While AOL was not directly linked to the Internet of Things, Verizon has indicated it will incorporate the company's video and advertising distribution technologies in its IoT strategy. Image source: AOL.
  5. 5. Verizon bought Telogis in June 2016 for an undisclosed sum, acquiring the company's cloud- based vehicle fleet management software. Image source: Verizon.Image source: Verizon.
  6. 6. Like its acquisition of AOL, Verizon's purchase of Yahoo was aimed at improving position in video and ad delivery. Verizon paid $4.8 billion to acquire the company in July 2016. Image source: Yahoo.
  7. 7. Less than two months after acquiring Telogis, Verizon continued its telematics acquisition spree and purchased GPS vehicle tracking company Fleetmatics for $2.4 billion. The move gave Verizon the largest fleet of connected vehicles in America. Image source: Fleetmatics.
  8. 8. Sensity Systems uses network- connected lighting technologies to analyze and reduce energy consumption, and also runs a platform for weather monitoring, parking usage, public safety notifications, and other features. Verizon purchased the company for an unknown price in September 2016. Image source: Sensity.
  9. 9. LQD is a maker of kiosks that provide Wi-Fi, public service announcements, directions, and other information for use in smart cities. Verizon announced its purchase of the company on November 14, 2016, and has not yet disclosed a purchase price. Image source: LQD.
  10. 10. Verizon's IoT acquisitions in retrospect Thus far, Verizon's IoT acquisitions are largely concentrated in telematics and smart city technologies. While acquisitions like the AOL and Yahoo buys leave questions about IoT integration, other synergies are more obvious. For example, the company has indicated that LQD's and Sensity's resources will be used together to build position in smart cities, and both will be integrated with Verizon's ThingSpace platform. Similarly, the telematics acquisitions show the company shoring up position in the fast-growing connected vehicle space.
  11. 11. Verizon's recent Internet of Things acquisition spree and need to keep pace with competitors including AT&T, Alphabet, Facebook, and Apple in the fast-changing connectivity space make it likely the company will continue to make substantial investments in IoT technologies in the near future.
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