Verizon acquires indoor-location technology company

Verizon has acquired a location-responsive solutions company and its indoor positioning platform, it announced this week.

The tech and telecom giant, which is based in New York but has a major presence in New Jersey, said it has acquired Senion, which specializes in precise positioning and navigation of indoor spaces.

“Verizon Location Technology is working to build a more efficient and productive world,” Jeff Frantz, executive director of Verizon Location Technology, said in a prepared statement. “This involves giving machines sight and providing enterprise leaders with deeper insights, enabling the orchestration of any space.

“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 employees have joined the Location Technology team. The company is headquartered in Sweden and San Francisco.