Verizon Buys Indoor Positioning Company Senion
June 21 2021 - 2:27PM
Dow Jones News
By Josh Beckerman
Verizon Communications Inc. acquired Senion, which provides
indoor positioning technology for places including offices and
malls.
Senion's workplace offerings have sought to "help companies
improve productivity and reduce real-estate waste." During the
pandemic it has emphasized safety-related features, such as
tracking how many people are in an office and which rooms or zones
are used most frequently.
In 2017, Senion said its indoor positioning system that helps
shoppers navigate the Mall of America was believed to be the
largest such installation in the U.S. to date.
A Verizon press release didn't mention the deal price. The
company said the purchase "expands Verizon's location-based
technology offerings, empowering companies to better and more
safely manage their spaces."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 21, 2021 14:17 ET (18:17 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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