Goodwin represented longtime client Fleetmatics Group PLC (NYSE: FLTX), a leading global provider of fleet and mobile workforce management solutions, in its announced definitive agreement with Verizon Communications Inc. (NYSE, Nasdaq: VZ) under which Fleetmatics will be acquired by Verizon for $60.00 per share in cash – representing a value of approximately $2.4 billion.
Fleetmatics is a leading global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS). Fleetmatics’ solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data.
Verizon operates America’s most reliable wireless network with 113.2 million retail connections nationwide. Headquartered in New York City, the company has a diverse workforce of nearly 162,700 and generated nearly $132 billion in 2015 revenues.
Gordon and Theis were also on the Goodwin team that represented Fleetmatics in its 2012 IPO.
For more information on the transaction, please view the joint press release.