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Verizon (VZ) Announces Acquisition of LQD WiFi

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Verizon acquires LQD WiFi to humanize the citizen engagement experience

November 14, 2016 10:12 AM EST

NEW YORK, Nov. 14, 2016 /PRNewswire/ -- Seeking to accelerate communities' smart infrastructure and ignite the new fabric of urban spaces, Verizon today announced that it has purchased substantially all of the assets of LQD WiFi LLC., a private company based in New York. Terms of the transaction have not been disclosed.

Mike Lanman, senior vice president, Enterprise Products and Internet of Things at Verizon, said: "LQD's Palo technology hubs capture Verizon's vision of delivering citizen engagement experiences by connecting people with their communities while providing critical security,... More