Qualcomm to sell fleet management software unit for $800 million

Reuters News
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Posted: Aug 23, 2013 7:53 AM
Qualcomm to sell fleet management software unit for $800 million

(Reuters) - Mobile chipmaker Qualcomm Inc said it would sell its unit Omnitracs Inc to private equity firm Vista Equity Partners for about $800 million in cash.

The deal includes Omnitracs' operations in the U.S., Canada and Latin America. Omnitracs' technology helps in fleet management and telematics.

(Reporting by Chandni Doulatramani in Bangalore; Editing by Savio D'Souza)