Verizon (NYSE: VZ) has purchased Skyward, a Portland, Oregon-based provider of drone operations management solutions.
The terms of the transaction have not been disclosed.
Led by founder and CEO Jonathan Evans, Skyward provides companies with solutions to manage operations, improve safety and lower operating costs. The company was backed by Draper Associates, Founders Co-Op, Norwest Venture Partners, Techstars Ventures, Verizon Ventures, and Voyager Capital.
The acquisition will enable Verizon to simplify drone operations and reduce complexity for organizations of any size. Small and large agriculture, telecommunications, industrial construction, film production businesses will now have a platform for integrating, managing and wirelessly connecting their drone operations – linking all the people, projects and equipment involved into a single workflow 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.