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Verizon Wraps $600 Million Hughes Telematics Buy for M2M

Adding HTI will expand and accelerate Verizon Enterprise Solutions capabilities for automotive, transportation, health care and other industries to uncover and launch new business opportunities, the telco giant said.

Craig Galbraith

July 26, 2012

1 Min Read
Verizon Wraps $600 Million Hughes Telematics Buy for M2M

**Editor’s Note: Please


click here

for a recap of the industry’s biggest M&A from Q2 and here for those mergers that had a significant impact on the indirect sales channel.**

Verizon Communications has closed its $612 million acquisition of HUGHES Telematics Inc. (HTI), which the carrier says sets it on a course to speed up growth through the delivery of advanced automotive and fleet telematics and machine-to-machine (M2M) services.

Adding HTI will expand and accelerate Verizon Enterprise Solutions capabilities for automotive, transportation, health care and other industries to uncover and launch new business opportunities, driven by safety improvements, consumer trends and increasingly connected lifestyles, the company said.

Machine-to-machine services are beginning to play a vital role reshaping the business landscape and setting new consumer expectations about establishing valuable connections in their vehicles, their homes and the world around them,” said John Stratton, president of Verizon Enterprise Solutions.  This powerful combination will create a springboard for our clients to expand their business models and strengthen their customer relationships by creating new opportunities for connected services that address the increasingly sophisticated consumer and enterprise.” 

HTI is said to play a key role in Verizon’s strategy to offer platform-based solutions tailored to specific industries. Later this year, businesses will be able to employ combinations of Verizons global IP network, cloud, security and mobility technology platforms with offerings from HTIs advanced suite of services. 

Verizon plans to retain  HTIs existing management team and operate the new unit as a subsidiary and as part of  the Verizon Enterprise Solutions group. The business will continue to be headquartered in Atlanta.

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About the Author(s)

Craig Galbraith

Editorial Director, Channel Futures

Craig Galbraith is the editorial director for Channel Futures and Channel Partners, joining the team in 2008. Before that, he spent more than 11 years as an anchor, reporter and managing editor in television newsrooms in North Dakota and Washington state. Craig is a proud Husky, having graduated from the University of Washington. He makes his home in the Phoenix area.

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