Verizon's Internet of Things (IoT) Acquisition History

Verizon's Internet of Things (IoT) Acquisition History

Verizon has significantly ramped up its IoT related acquisitions over the past five years.

January 2012 - Verizon purchased Qualcomm's 50% share in nPhase. nPhase was a joint venture between the two companies to focus on machine-to-machine (M2M) communication technologies.

June 2012 - Verizon acquired Hughes Telematics for $612 Million. This represented Verizon's first big push into telematics and the connected vehicle.

December 2015 - Verizon agrees to acquire AOL for $4.4 Billion. Verizon plans to include AOL's video and advertising distribution technologies into their IoT strategy.

June 2016 - Verizon acquires Telogis for an undisclosed amount. Verizon acquired Telogis for their cloud-based vehicle fleet management software.

July 2016 - Verizon acquires Yahoo! for $4.8 Billion in a similar vein to the AOL acquisition. Verizon wanted Yahoo!'s advertising and video distribution technology.

August 2016 - Verizon continues on its spending spree acquiring Fleetmatics, another telematics company focusing on GPS vehicle tracking, for $2.4 Billion. Verizon now has the largest fleet of connected vehicles in the world.

September 2016 - Verizon acquires Sensity Systems for an undisclosed amount. Sensity uses network connected lighting to reduce energy consumption. They also operate a platform that monitors weather, parking, and public safety notification.

November 2016 - Verizon acquires LQD for an undisclosed price. LQD makes kiosks that provide wifi, public service announcements, directions and other things used in smart cities.

Verizon's acquisitions are trying to keep them on pace with competitors like AT&T, Google, Feacebook and Apple.

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Verizon IoT related acquisition history