M&A Deal Summary

Verizon Communications Acquires Skyward IO Inc

On February 16, 2017, Verizon Communications acquired communications company Skyward IO Inc

Acquisition Highlights
  • This is Verizon Communications’ 9th transaction in the Communications sector.
  • This is Verizon Communications’ 24th transaction in the United States.
  • This is Verizon Communications’ 1st transaction in Oregon.

M&A Deal Summary
Date 2017-02-16
Target Skyward IO Inc
Sector Communications
Buyer(s) Verizon Communications
Deal Type Add-on Acquisition
Advisor(s) GCA Corp. (Financial)

Target

Skyward IO Inc

Portland, Oregon, United States
Skyward IO, Inc is a provider of an operations management solution for commercial drone businesses. Skyward helps companies save time and scale faster by connecting all of the people projects and equipment in a drone program, into one efficient workflow.

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Buyer(S) 1

Buyer

Verizon Communications

New York, New York, United States
Category Company
Founded 1983
Sector Communications
Employees104,400
Revenue 134.0B USD (2023)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York City.

DEAL STATS #
Overall 24 of 35
Sector (Communications) 9 of 14
Type (Add-on Acquisition) 20 of 29
State (Oregon) 1 of 1
Country (United States) 24 of 33
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Verizon Communications - 24 Data Center Sites

New York, New York, United States

Verizon Communications, Inc. - 24 Data Center Site consists of 29 data center buildings across 15 metro areas.

Sell $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Verizon Communications - Corrections Patents

New York, New York, United States

Verizon Communications, Inc. - Corrections Patents includes telecommunications, messaging, and inmate visitation patents.

Sell -
Mergr

Product

Company

Legal