The Internet of Things fleet management and software company sold 35 million shares and raised $805 million in its IPO Wednesday.
The TN360 solution uses AI to provide actionable data insights for improving fleet management.
ORBCOMM lowers full-year 2020 guidance given recent coronavirus developments.
Orbcomm, Inc. (NASDAQ: ORBC) sees its shares sell off after its quarterly report. The company’s transition to subscription service, and the accompanying delay in revenue, appears to be weighing on investor sentiment.
Bridgestone Europe is acquiring TomTom Telematics for €910 million, a definitive step towards bolstering its presence in the “mobility solutions” segment. This acquisition would provide Bridgestone the leverage to up-sell and cross-sell solutions to a broader customer base.
