Building on its strategy to drive innovation and adoption for IoT services in high-growth markets, Verizon today announced that it has purchased Skyward, a private company based in Portland, Oregon.
Skyward brings drone operations management to the Verizon IoT portfolio, simplifying drone operations and management for organizations of any size. Terms of the transaction have not been disclosed.
Internationally, companies rely on Skyward for managing operations, improving safety and lowering operating costs. Through this acquisition, businesses small and large will now have a single source for integrating, managing and wirelessly connecting their drone operations – linking all the people, projects and equipment involved into one clear and efficient workflow.
Thanks to advances in technology and regulations, organizations are looking at drones to help run their business. From agriculture to telecommunications and from industrial construction to film production, major corporations, small businesses, and individuals are using drones to save time, improve safety, and operate more efficiently. The value is clear, but scaling and managing a drone program can be complex.
With Skyward’s technology, Verizon will streamline the management of drone operations through one platform designed to handle end-to-end activities such as mission planning, complex workflow, FAA compliance support, supplying information about restricted airspace and pilot credentialing, drone registration and provisioning rate plans for drones on Verizon’s network.
All of this is designed to help developers and businesses create and manage a wide-range of services backed by Verizon’s mobile private network, secure cloud interconnect and data analytics capabilities.
The acquisition of Skyward speaks to Verizon’s strategy to operate in innovative, high growth markets leveraging core assets to help accelerate IoT adoption. In 2016, revenue from Verizon’s internet of things business grew 35% totaling $964 million.