Senion was acquired by Verizon.

Senion, a Linköping, Sweden-based developer of indoor navigation technologies, announced that it was acquired by the American telecom Verizon.

The financial details of the transaction were not disclosed.

Senion, founded in 2010 by CEO Christian Lundquist, is a developer of an indoor positioning platform, via an advanced machine-learning sensor fusion technology that delivers sub-meter accuracy for precise positioning and navigation of indoor spaces.

Senion’s technology includes their Indoor Positioning System (IPS), a high-powered and robust indoor positioning system. The IPS can help facility leaders, operation managers and other enterprise partners locate and understand the movement of people, machines and IoT-enabled items within any space. Additionally, Senion’s smart space solution, combined with analytics and an interactive dashboard, can help companies improve the utilization and productivity of their physical spaces.

Senio previously raised funding from SEB Venture Capital in 2015.