Verizon to Acquire Autonomous Mobile Robot Software Company, incubed IT
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.”
News Wire Feed Light Reading 2/16/2021
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.
Verizon targets robot automation with Incubed IT deal mobileworldlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mobileworldlive.com Daily Mail and Mail on Sunday newspapers.