Verizon has signed an agreement to purchase privately-held Telogis. The Aliso Viejo, California-based company provides connected intelligence and fleet management software.
The acquisition is subject to customary regulatory approvals and is expected to close in the second half of 2016. Terms of the transaction have not been disclosed.
PJT Partners and Wells Fargo Securities acted as financial advisors and Debevoise & Plimpton acted as legal advisor to Verizon. Barclays and J.P. Morgan acted as financial advisors and Paul Hastings acted as legal advisor to Telogis.
Telogis was established in 2001 and has offices in Europe, Australia and Latin America as well as development centers in Austin, Texas; Toronto; and Christchurch, New Zealand. The company’s products and services are used and distributed in more than 100 countries worldwide, according to a statement from Verizon.