Verizon announces acquisition of precise positioning company, Senion
June 21 2021 - 12:29PM
Today, Verizon announced the acquisition of Senion, a global leader
in location-responsive solutions. The developer of an indoor
positioning platform, Senion’s advanced machine-learning sensor
fusion technology delivers sub-meter accuracy for precise
positioning and navigation of indoor spaces.
From indoor wayfinding and geofencing to location sharing,
analytics and predictive intelligence, this acquisition expands
Verizon’s location-based technology offerings, empowering companies
to better and more safely manage their spaces.
“Verizon Location Technology is working to build a more
efficient and productive world. This involves giving machines sight
and providing enterprise leaders with deeper insights, enabling the
orchestration of any space,” said Jeff Frantz, Executive Director
of Verizon Location Technology. “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 technology includes their Indoor Positioning System
(IPS), a high-powered and robust indoor positioning system. The IPS
can help facility leaders, operation managers and other enterprise
partners locate and understand the movement of people, machines and
IoT-enabled items within any space. Additionally, Senion’s smart
space solution, combined with analytics and an interactive
dashboard, can help companies improve the utilization and
productivity of their physical spaces.
Senion’s employees have joined the Location Technology team
within Verizon New Business Incubation, whose mission is to scale
new automation businesses, fueled by the inherent orchestration
power of 5G.
"Senion was created with the vision that one day our sensor
fusion technology would allow for precise positioning for anyone
and anything, at anytime,” said Dr. Christian Lundquist, CEO and
Co-Founder of Senion. “By leveraging Verizon’s expertise in
connectivity and location technology, we can further our work to
improve workflows for companies and create seamless, responsive and
location-aware services.”
About VerizonVerizon
Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000
and is one of the world’s leading providers of technology,
communications, information and entertainment products and
services. Headquartered in New York City and with a presence around
the world, Verizon generated revenues of $128.3 billion in 2020.
The company offers data, video and voice services and solutions on
its award-winning networks and platforms, delivering on customers’
demand for mobility, reliable network connectivity, security and
control.
About SenionSenion is a global leader in indoor
positioning solutions, bringing a seamless, responsive, and
consumer-friendly foundation for location-based services
applications. Senion comprehensive IPS services include analytics,
wayfinding, geofencing, friend finder and tracking. With more than
300 IPS installations globally, Senion has worked closely with
shopping malls, hospitals, corporate campuses and more to improve
workflows. Senion is headquartered in Linkoping, Sweden, and San
Francisco. Find us on the web at www.senion.com.
Media contacts:Erica
DilkErica.Dilk@verizon.com720.483.4341
Kimberly AncinKimberly.Ancin@verizon.com
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