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Qualcomm to sell fleet management software unit for $800 million

A man walks past a Qualcomm advertising logo at the Mobile World Congress at Barcelona, February 27, 2013. REUTERS/Albert Gea
A man walks past a Qualcomm advertising logo at the Mobile World Congress at Barcelona, February 27, 2013. REUTERS/Albert Gea

(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)

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