Verizon Announced That They Have Entered into an Agreement to Acquire incubed IT
BASKING RIDGE, N.J. – Today, Verizon announced it has entered into a definitive agreement to acquire incubed IT, the creator of a software platform providing autonomous navigation tools to administer, manage and optimize mixed fleets of robots in industrial settings.
“This acquisition further demonstrates Verizon’s commitment to developing new and innovative businesses and use cases leveraging the power of 5G,” said Rima Qureshi, Chief Strategy Officer at Verizon. “Mobile robot orchestration is a real and emerging challenge faced by enterprises today. By integrating incubed IT’s autonomous software with Verizon’s 5G platform, we will have the ability to power robotic automation at scale. This will create new opportunities for enterprise customers to better and more effectively monitor and optimize their business processes.”
Upon closing and as Verizon continues to expand its 5G coverage, capacity, and mobile edge compute capabilities, incubed IT’s autonomous software will enable enterprise customers to gain new efficiencies as they scale their autonomous mobile robot fleets.
