Verizon 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 way finding solutions as well as Wi-Fi capabilities.“
Next-generation urban technology is becoming increasingly important as citizen’s expectations for smart city infrastructure increases. With LQD’s technology, Verizon aims to address key community needs such as fostering economic development, bridging the digital divide, facilitating transportation and traffic management and enhancing personal security and urban planning.
LQD and Verizon are currently designing solutions for municipalities, private developers, academic institutions and entertainment venues. Verizon also sees opportunity to promote civic innovation and deliver data driven solutions leveraging the open data platforms of cities. These solutions will help communities better inform and engage with their constituents.
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.