Software provider Incubed IT acquired

24. Februar 2021, 08:40 Uhr   |  Inka Krischke

Software provider Incubed IT acquired
© Incubed IT

The software provider for autonomous mobile robots Incubed IT will in future belong to the US telecommunications company Verizon.

Incubed IT, a software provider for autonomous mobile robots based in Graz, Austria, will become part of Verizon. The acquisition is aimed at expanding the robotics capabilities of the U.S. telecommunications group.

Incubed IT is the developer of a software platform that provides autonomous navigation tools for managing, administering and optimizing mixed robot fleets in industrial environments. "This acquisition further demonstrates Verizon's commitment to developing new and innovative business lines and use cases that harness the power of 5G," said Rima Qureshi, chief strategy officer at Verizon. "Mobile robotics orchestration is a challenge that enterprises face today and will become even more important in the future. By integrating incubed IT's autonomous software with Verizon's 5G platform, we will be able to operate robotic automation at large scale."

Upon closing of the transaction, and as Verizon continues to expand 5G coverage, capacity and mobile edge computing capabilities, incubed IT's autonomous software will enable enterprise customers to achieve new efficiencies as they scale their autonomous mobile robot fleets. The software allows robots to autonomously locate and navigate themselves, and integrates with virtually any mobile robot.

Incubed IT employees will join Verizon's New Business Incubation team, whose mission is to scale new automation projects driven by the power of 5G. Incubed IT's team will continue to drive development, sales and support for its customers and product portfolio with a fleet of diversified robotics partners.

The transaction is subject to customary closing conditions and is expected to close in the first half of 2021.

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Verizon Business Dortmund, Verizon Business Dortmund, incubed IT