'Difficult decision' to close NZ operations for Verizon Connect

'Difficult decision' to close NZ operations for Verizon Connect
The company was formerly Telogis until it was acquired by Verizon in 2016. (Image: NZME)
Murray Jones
Verizon Connect has begun to explore closing its New Zealand operations. Formerly Telogis, the fleet-management software company based in Christchurch, has around 120 employees. The company was profitable, with revenue of $35.7 million and profit of $3.7m for the year ended Dec 31 2023, up from $1.8m the year prior. BusinessDesk understands staff were told in a meeting this morning at the office on Victoria Street in central Christchurch. 'Business strategy'A Verizon spokesperson said: "Verizon Connect began ope...

More Finance

Treasury boss reiterates warning of surging fiscal pressures
Finance

Treasury boss reiterates warning of surging fiscal pressures

Fiscal pressures in focus as ageing population drives retirement, health costs up.

Staff reporters 24 Sep 2025
NZ workers fret over lack of job opportunities
Finance

NZ workers fret over lack of job opportunities

The latest results were marginally above lows in confidence seen during covid.

Staff reporters 24 Sep 2025
Open banking regulations due October after frustrating process
Finance

Open banking regulations due October after frustrating process

It would allow fintechs to provide innovative and personalised financial services.

Andy Macdonald 24 Sep 2025
Heartland eyes nearly $400m non-strategic asset disposals
Finance

Heartland eyes nearly $400m non-strategic asset disposals

Heartland Group edges closer to its goal with Harmoney stake sale.

Andy Macdonald 22 Sep 2025