Verizon Acquires LQD Wi-Fi
New York-based Verizon today announced that it has purchased substantially all of the assets of LQD WiFi LLC., a private company based in New York. Terms of the transaction have not been disclosed.
Mike Lanman, senior vice president, Enterprise Products and Internet of Things at Verizon, said: “LQD’s Palo technology hubs capture Verizon’s vision of delivering citizen engagement experiences by connecting people with their communities while providing critical security, transportation and wayfinding solutions as well as Wi-Fi capabilities. This transaction uniquely positions us to utilize our unmatched infrastructure, platforms and network at scale to deploy elegant and engaging community technology hubs that connect, inform, inspire and support people where they live, work and play.”
LQD Founder and CEO Randy Ramusack said: “We designed Palo, from day one, to be part of the community, offering Wi-Fi, public safety features and a unique, interactive community engagement platform. Palo’s human-scale touch screen lets users explore and connect with the local community creating multiple ways to engage, through an innovative, purposeful and curated experience.”
Verizon has developed an array of connected solutions including intelligent parking, lighting, traffic management and security that improve livability, resiliency and public safety for local communities. LQD’s assets will be integrated with the market- leading smart community infrastructure from Sensity Systems, which Verizon acquired last month. Verizon’s Smart Communities organization, which is a part of its IoT business, is also simplifying the creation of IoT applications through its ThingSpace platform.
