Thursday, April 18, 2024
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HomeDAS & In Building WirelessVerizon acquires precise positioning company Senion

Verizon acquires precise positioning company Senion

Carrier can now offer businesses, CRE owners positioning capabilities like location sharing and geofencing.

Wireless carrier Verizon recently announced it acquired Senion, a location-responsive solutions provider. Senion, which developed an indoor positioning platform, uses advanced machine learning sensor fusion technology to bring sub-meter accuracy for precise positioning and indoor space navigation. The acquisition will allow Verizon to expand its location-based technology offerings and let commercial real estate owners and companies better and more safely manage their spaces. Services such as indoor wayfinding and geofencing, location sharing, analytics and predictive intelligence will all see a boost from this acquisition.

“Verizon Location Technology is working to build a more efficient and productive world,” Jeff Frantz, Executive Director of Verizon Location Technology said in a statement. “This involves giving machines sight and providing enterprise leaders with deeper insights, enabling the orchestration of any space. 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 comprises its high-powered Indoor Positioning System (IPS). The IPS helps facility leaders, operation managers and other enterprise partners understand people, machines and IoT (Internet of Things) enabled items’ movements within any space. Meanwhile, Senion’s smart space solution, combined with analytics and an active dashboard can help businesses improve how to use their physical spaces and increase their productivity. Senion employees will work with the Location Technology team within the Verizon New Business Incubation. The team’s mission is to scale new automation businesses, which will be powered by 5G.

“Senion was created with the vision that one day our sensor fusion technology would allow for precise positioning for anyone and anything, at any time,” Dr. Christian Lundquist, CEO and Co-Founder of Senion said in a statement. “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.”

Joe Dyton can be reached at joed@fifthgenmedia.com.

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