Verizon announces acquisition of precise positioning company, Senion
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BASKING RIDGE, N.J., June 21, 2021 (GLOBE NEWSWIRE) -- Today, Verizon announced the acquisition of Senion, a global leader in location-responsive solutions. The developer of an indoor positioning platform, Senion’s advanced machine-learning sensor fusion technology delivers sub-meter accuracy for precise positioning and navigation of indoor spaces.
From indoor wayfinding and geofencing to location sharing, analytics and predictive intelligence, this acquisition expands Verizon’s location-based technology offerings, empowering companies to better and more safely manage their spaces.
“Verizon Location Technology is working to build a more efficient and productive world. This involves giving machines sight and providing enterprise leaders with deeper insights, enabling the orchestration of any space,” said Jeff Frantz, Executive Director of Verizon Location Technology. “Sensor fusion and indoor positioning are foundational components for these next-generation capabilities. Combining Senion’s superior technology with the location-accuracy, speed, throughput and reliability of Verizon’s 5G platform will help us push the boundaries of what’s possible.”
Senion’s technology includes their Indoor Positioning System (IPS), a high-powered and robust indoor positioning system. The IPS can help facility leaders, operation managers and other enterprise partners locate and understand the movement of people, machines and IoT-enabled items within any space. Additionally, Senion’s smart space solution, combined with analytics and an interactive dashboard, can help companies improve the utilization and productivity of their physical spaces.
Senion’s employees have joined the Location Technology team within Verizon New Business Incubation, whose mission is to scale new automation businesses, fueled by the inherent orchestration power of 5G.
"Senion was created with the vision that one day our sensor fusion technology would allow for precise positioning for anyone and anything, at anytime,” said Dr. Christian Lundquist, CEO and Co-Founder of Senion. “By leveraging Verizon’s expertise in connectivity and location technology, we can further our work to improve workflows for companies and create seamless, responsive and location-aware services.”
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.
Senion is a global leader in indoor positioning solutions, bringing a seamless, responsive, and consumer-friendly foundation for location-based services applications. Senion comprehensive IPS services include analytics, wayfinding, geofencing, friend finder and tracking. With more than 300 IPS installations globally, Senion has worked closely with shopping malls, hospitals, corporate campuses and more to improve workflows. Senion is headquartered in Linkoping, Sweden, and San Francisco. Find us on the web at www.senion.com.
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