Think Verizon is serious about IoT? In August the company showed everyone just how serious it was when it forked over $2.4 billion for Fleetmatics, a significant player in the fleet and mobile workforce management solutions. The Dublin, Ireland-based company makes Verizon an instant, major player in IoT by providing fleet operators with vehicle location, fuel usage, speed and mileage and other information to help businesses reduce operating costs. Expect to see Verizon use the SaaS based platform to launch other vertical IoT plays.
