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Verizon Communications (VZ) Reports Acqusition of incubed IT

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Verizon enters into agreement to acquire autonomous mobile robot software company, incubed IT

February 15, 2021 12:14 PM EST

BASKING RIDGE, N.J., Feb. 15, 2021 (GLOBE NEWSWIRE) -- 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 Verizons commitment to developing new and innovative businesses and use cases leveraging the power of 5G, said Rima Qureshi, Chief Strategy... More