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For autonomous robotic software Verizon agrees to acquire Austria-based incubed IT. The deal will expand Verizon’s robotic capabilities to power the future of robotic automation for enterprise customers.

  • incubed IT, is a creator of a software platform providing autonomous navigation tools to administer, manage and optimize mixed fleets of robots in industrial settings.
  • incubed IT’s autonomous software will enable enterprise customers to gain new efficiencies as they scale their autonomous mobile robot fleets

The major deals and agreements by Verizon are mentioned below:

Sep 2020: Verizon entered into an agreement with America Movil to acquire the leading pre-paid and value mobile solution provider in the U.S. Tracfone. The acquisition of Tracfone expands Verizon’s portfolio into the value segment, bringing enhanced access to its industry-leading wireless network and comprehensive suite of mobility products and services to a new customer base.

August 2020, Verizon Communications Inc. had entered into four more long-term renewable energy purchase agreements (REPAs) totaling more than 450 megawatts (MW) of renewable energy capacity as part of its commitment to be carbon neutral in its operations (scope 1 and 2) by 2035. These agreements, which are virtual power purchase agreements, will help finance the re-powering of wind energy facilities and the construction of new solar facilities.

July 2020, Verizon Business and IBM announced a collaboration to work together on 5G and edge computing innovation to help enable the future of Industry 4.0. The companies planed to combine the high speed and low latency of Verizon’s 5G and Multi-access Edge Compute (MEC) capabilities, IoT devices and sensors at the edge, and IBM’s expertise in AI, hybrid multicloud, edge computing, asset management and connected operations.

April 2020, Verizon Business announced a definitive agreement to acquire BlueJeans Network, a trusted enterprise-grade video conferencing and event platform. The acquisition expands Verizon’s immersive unified communications portfolio. BlueJeans’ cloud-based video service currently serves a wide variety of business segments from small organizations to some of the world’s largest multinational brands, and has played a significant part in continuing those companies’ operations during the ongoing work-from-home surge.

About Verizon
Verizon Communications, headquartered in New York, United States is one of the largest communication technology companies in the world. The company offers voice, data and video services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control. The company has more than 135,000 employees in around 150 global locations.

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