The No. 1 U.S. wireless company had a big announcement on Monday. Verizon Communications Inc. will be purchasing GPS vehicle tracking firm Fleetmatics Group Plc for around $2.4 billion in an all cash deal. The purchase would bolster Verizon’s expansion into the connected vehicle and fleet management market. Fleetmatics, headquartered in Waltham, Massachusetts, develops software … Continue reading “Verizon (VZ) Is Paying $2.4 Billion For This Company”
