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 . In 2008, he published his first book, Car Audio for Dummies (Wiley). 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. Telogis is a cloud-based software platform that has a transformative effect on the way companies do business outside the four walls. Terms of the transaction have not been disclosed. Telogis has acquired 6 organizations. 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. 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. I’m confident that the passion and talent of our collective employees will continue to drive revenue growth and product innovations to shape and lead the industry for years to come.”Verizon Telematics empowers customers with a wide breadth of premium solutions in the connected vehicle space. While the terms of the deal were not disclosed, Telogis had reportedly been seeking funding that would have valued it at $1 billion prior to the Verizon's acquisition offer. “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.
Doug has appeared on CBS News, CNBC and the Los Angeles affiliates for ABC, CBS, NBC and Fox News to talk about car technology and is a frequent speaker at automotive and consumer-electronics industry events around the globe. As a music journalist, Doug has interviewed numerous well-known artists and producers and reviewed recordings for various outlets.Meanwhile, Verizon Telematics has enlisted only a handful of automakers, including Mercedes-Benz and Volkswagen, and its technology is used in aftermarket applications by State Farm and others.Doug Newcomb has been covering car technology as a journalist for 30 years and is a renowned expert on connected cars and mobility. He has been sought out for his opinion… This gave the company access to MCI’s international holdings and corporate clients, which led Verizon to penetrate the international markets. 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.
Verizon’s next big acquisition was MCI in 2006 for $7.6 billion. Barclays and J.P. Morgan acted as financial advisors and Paul Hastings LLP acted as legal advisor to Telogis.“With a comprehensive enterprise product portfolio and partnerships with some of the world’s leading vehicle and equipment manufacturers, Telogis brings a world-class software platform and new distribution relationships to Verizon Telematics’ already expansive suite of connected vehicle solutions for consumers and enterprise customers,” said Andrés Irlando, CEO of Verizon Telematics. 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.