About Verizon Connect
Verizon Connect is a company based in Atlanta (United States) founded in 2006.. Verizon Connect has completed 1 acquisition, including Movildata. Verizon Connect offers products and services including GPS Fleet Tracking Software, Fleet Dash Cam, Compliance Management, and Asset Tracking. Verizon Connect operates in a competitive market with competitors including Samsara, Spireon, Platform Science, Radius and Omnitracs, among others.
- Headquarter Atlanta, United States
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Verizon Connect Uk Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$303.21 K (USD), Grant
Oct 01, 2021
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Verizon Connect
Verizon Connect offers a comprehensive portfolio of products and services, including GPS Fleet Tracking Software, Fleet Dash Cam, Compliance Management, and Asset Tracking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Monitors vehicle locations and performance in real-time.
Provides HD video for driver coaching and risk mitigation.
Automates compliance with driving hours and inspections.
Tracks equipment to improve security and utilization.
Funding Insights of Verizon Connect
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $303,209
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First Round
First Round
(01 Oct 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2021 | Amount | Grant - Verizon Connect | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Verizon Connect
Verizon Connect has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verizon Connect
Verizon Connect has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Movildata. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of web-based fleet management solutions
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Verizon Connect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verizon Connect Comparisons
Competitors of Verizon Connect
Verizon Connect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Samsara, Spireon, Platform Science, Radius and Omnitracs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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| domain | founded_year | HQ Location |
SaaS-enabled solutions for fleet and field service management are offered.
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Provider of integrated solutions for fleet management
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| domain | founded_year | HQ Location |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Cloud-based fleet management solutions are provided for transportation operations.
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| domain | founded_year | HQ Location |
Fleet telematics and management solutions for safe driving are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Verizon Connect
Frequently Asked Questions about Verizon Connect
When was Verizon Connect founded?
Verizon Connect was founded in 2006 and raised its 1st funding round 15 years after it was founded.
Where is Verizon Connect located?
Verizon Connect is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Verizon Connect?
Andres Irlando is the current CEO of Verizon Connect.
What does Verizon Connect do?
Verizon Connect provides cloud-based fleet management and tracking solutions. Product offerings include a fleet management tracking software, field service management scheduling software, ELD (Electronic Logging Device) compliance management software, driver management safety software, GeoBase - geospatial software for route planning optimization, and a commercial navigation software. The software offerings enable users to manage end-to-end operations of fleet management with features including maintenance management, dispatch management route optimization, analytics, and more. It can be integrated with third-party systems through an API. Additionally, the company also offers a drone management software to clients. Verizons connected vehicle portfolio including Verizon Telematics, Fleetmatics and Telogis have all been rebranded as Verizon Connect.
Who are the top competitors of Verizon Connect?
What products or services does Verizon Connect offer?
Verizon Connect offers GPS Fleet Tracking Software, Fleet Dash Cam, Compliance Management, and Asset Tracking.
How many acquisitions has Verizon Connect made?
Verizon Connect has made 1 acquisition, including Movildata.
Who are Verizon Connect's investors?
Verizon Connect has 1 investor. Key investors include European Union.
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