Verizon announced it has entered into a definitive agreement to acquire Incubed IT, the creator of a software platform providing autonomous navigation tools to administer, manage and optimize mixed fleets of robots in industrial settings.
The transaction is subject to customary closing conditions and is expected to close in the first half of 2021.
Incubed IT’s award-winning software enables robots to localize and navigate autonomously and can be easily integrated into nearly any mobile robot. Their products include: Smart Shuttle Navigation Toolkit (Transmits near real-time data to navigate autonomous mobile robots -AMRs-); Fleet Management Server (Manages AMR Fleet & Routing Operations); Data Monitoring & Analytics: Near real-time monitoring and advanced reporting.
“Incubed IT’s next-generation software and autonomous fleet management server are foundational components for the future of terrestrial robotics,” said Elise Neel, Vice President of Verizon New Business Incubation. “When we combine incubed IT’s capabilities with the reliability, responsiveness and vast capabilities of Verizon’s 5G platform, we will enable faster, less expensive and more effective adoption of robotic automation for enterprises everywhere.”
Incubed IT’s employees will join the Verizon New Business Incubation team, whose mission is to scale new automation businesses, fueled by the inherent orchestration power of 5G. The incubed IT team will continue to drive development, sales and support for its customers and suite of products across an impressive fleet of diversified robotic partners.
“We are proud of all the incubed IT team has accomplished to get us to this point, and we look forward to expanding on our successes and capabilities,” said Stephan Gspandl, incubed IT CEO. “By joining the Verizon team, we have the opportunity to bring our software to broader audiences and to help create the future of robotic automation.”