Verizon to acquire incubed IT.

Verizon, an American multinational telecommunications conglomerate, agreed to acquire incubed IT, a developer of a software platform. Financial terms were not disclosed. “This acquisition further demonstrates Verizon’s commitment to developing new and innovative businesses and use cases leveraging the power of 5G. Mobile robot orchestration is a real and emerging challenge faced by enterprises today. By integrating incubed IT’s autonomous software with Verizon’s 5G platform, we will have the ability to power robotic automation at scale. This will create new opportunities for enterprise customers to better and more effectively monitor and optimize their business processes," Rima Qureshi, Verizon Chief Strategy Officer.