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Qualcomm’s $800 million Sale of Omnitracs Signals Growing Telematic Market
SAN DIEGO, CA. - Last Friday, Qualcomm Inc. announced that it has signed a definitive agreement to sell Omnitracs to Vista Equity Partners to the tune of $800 million in cash.It's a big price tag for a telematics solution and, if anything, signals that the market is, without a doubt, growing.