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Verizon buys Telogis in connected vehicle market push

(Note/disclaimer: We are owned by Verizon, by way of AOL. This gives us no inside track whatsoever when it comes to news.) With a lot of tech companies and automakers staking their claims in the connected car space, now there are signs that others are looking to move in, too. Today, telecoms giant Verizon announced that it is acquiring Telogis, a California-based company that develops cloud-based solutions for mobile workforces, and specifically telematics, compliance and navigation software used by Ford, Volvo, GM and other car companies, as well as Apple and AT&T. Financial terms of the deal have not been disclosed, although we'll try to find out. Considering that Verizon in 2015 reported full-year revenues of $131.6 billion, the price would have to be very high to be considered "material" and may not be made public for some time, if ever. Telogis in its time as a startup raised a substantial amount of money, just over $126 million in all, including $93 million in 2013, supposedly ahead of an IPO, all from Kleiner Perkins Caufield & Byers. Back in 2013 when KPCB made its investment (which was the first from a VC firm in the company), Telogis told TechCrunch it was profitable and forecasting revenues of $100 million annually for the year. It's not clear what size those revenues are now, but if it was on the same growth trajectory as before the funding, sales would be around $150 million annually, with profitability, at the moment. Other investors include some very notable strategics: the investment arm of General Motors, and Fontinalis Partners, which also invests in Lyft and was co-founded by Bill Ford, the executive chairman of the Ford Motor Company. Before the acquisition, Verizon actually had a business in fleet management and telematics; in fact, the two companies competed against each other for business from the trucking and other industries. Verizon Telematics, as the business is called, is active in 40 countries. But in a way, Verizon buying Telogis is a sign that the latter may have proved to be the more superior, and the one with the key customer deals.

Ford overlooks the Big Apple in the 2015 Mustang Convertible [w/video]

Ford has done it again. Like in April of 1964, there is once again an all-new Mustang Convertible sitting on the observation deck of New York City's Empire State Building. This has been in the making for a little while, with the first report that Ford would recreate the sky-high publicity stunt coming out a few weeks back.
The process of getting the Mustang up there wasn't exactly easy. A Troy, MI-based company chopped up the new droptop, a necessary evil to get the Mustang on the Empire State Building's only freight elevator that runs to the 86th floor observation deck. But it was slightly more involved than just taking the car apart. The company, DST, built a mockup of the ESB's freight elevators, and then practiced its cuts on a second pre-production Mustang Convertible (measure twice, cut once).
The result of all this work are the images you see above. Yes, sitting in the crisp, morning air of midtown Manhattan, over 1,000 feet up, is this brilliant, Triple Yellow Mustang. Take a look up top for our gallery of images from today's event. You can also scroll down for videos and images of the process leading up to the ESB debut.

Want to buy a brand-new 1964 Ford Mustang? [w/video]

Even in its current iteration, the Ford Mustang is not without its share of heritage design cues. But if it's a more classic look of the first-gen pony car you're after, combined with modern levels of equipment, Revology just might have the answer. The Orlando-based company makes what you might call "continuation" Mustangs, using replica steel bodies made by Dynacorn and licensed by Ford to give it that classic look, but with modern technology. Under the skin you'll find a 5.0-liter fuel-injected V8 with 265 horsepower and either a five-speed manual or four-speed automatic transmission, but the powertrain is just the start. It's also got a MacPherson strut suspension, disc brakes, power steering and a cabin equipped with such modern accoutrements as power door locks and seats, keyless entry, intermittent wipers, even Bluetooth connectivity. And it's all covered by a one-year, unlimited-milage warranty, plus five-year corrosion protection and three-year powertrain warranty. Of course none of that comes cheap, as a turnkey Revology Mustang will set you back at least $119,500, in the buyer's choice of fastback or convertible body-styles. The first example was unveiled at the Amelia Island Concours d'Elegance this past weekend, with the first customer examples set for delivery next year. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Revology Mustang View 17 Photos News Source: Revology Cars via Carscoops Ford Convertible Coupe Classics replica continuation revology