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.
Just last month, Brambles offloaded LeanLogistics to Kewill following a Barclays Capital-led auction while Abry Partners emerged as the winner of an Evercore Partners-led sales process for Safety Holdings, as The Deal predicted.The deal clearly isn't big enough to move the stock much, as Verizon's shares traded down 0.1% mid-day Wednesday to $54.06. A Paul Hastings team of Jason Rednour, Brandon Howald, Sam Ghaffarzadeh and Margaret Yi provided legal counsel to the target.Telogis CEO David Cozzens said in the statement that the acquisition positions the combined entity's technologies and services uniquely in the market.As for Verizon, the acquisition of Telogis will increase its footprint in the connected vehicle sector. "The combined strengths of our two companies' unique assets better enable us to deliver best-in-class mobile enterprise management services to customers globally, while building scale and accelerating market share. Telogis is a cloud-based software platform that has a transformative effect on the way companies do business outside the four walls.
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. “The combined strengths of our two companies’ unique assets better enable us to deliver best-in-class mobile enterprise management services to customers globally, while building scale and accelerating market share. As for Verizon, the acquisition of Telogis will increase its footprint in the connected vehicle sector. A Debevoise & Plimpton team of Jeffrey Rosen, Michael Diz, Lawrence Cagney, Jeffrey Cunard and Peter Furci offered legal counsel to the buyer.Telogis has been seeking for a valuation of $1 billion--a lofty price for a company with around $120 million in revenue, sources suggested. He's currently a columnist for Autoblog and PCMag.com and writes for Automobile and other outlets.In 2013 Doug cofounded the Connected Car Conference (C3) in New York and co-producer the inaugural Connected Car Expo at the LA Auto Show. The unit provides connected-vehicle products to consumers, enterprises, automakers, and dealers.Serving Public Sector Fleet ProfessionalsServing Medium & Heavy Duty Commercial Truck Professionals 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. 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. But in a way, Verizon buying Telogis is a sign that the latter may have proved to be the more superior, and the one with the key customer deals. “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.