VOSO

Virtuoso Acquisition Corp. Stockholders Approve Proposed Merger With Wejo

Retrieved on: 
Wednesday, November 17, 2021

Virtuoso Acquisition Corp. ("Virtuoso") (NASDAQ: VOSO), a publicly traded special purpose acquisition company, today announced that Virtuoso stockholders voted to approve its proposed merger with Wejo Group Limited ("Wejo or the "Company"), a global leader in connected vehicle data, at a Special Meeting of Shareholders held on November 16, 2021.

Key Points: 
  • Virtuoso Acquisition Corp. ("Virtuoso") (NASDAQ: VOSO), a publicly traded special purpose acquisition company, today announced that Virtuoso stockholders voted to approve its proposed merger with Wejo Group Limited ("Wejo or the "Company"), a global leader in connected vehicle data, at a Special Meeting of Shareholders held on November 16, 2021.
  • "We are very pleased to achieve this important milestone in the merger process and thank our stockholders for their support," said Jeffrey D. Warshaw, Chairman and CEO of Virtuoso.
  • We are excited to support Wejo as a public company and further establish it as the global leader in connected vehicle data."
  • Virtuoso Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses.

Wejo and Virtuoso Acquisition Corp. Announce Additional Financing Arrangements Related to Upcoming Merger

Retrieved on: 
Wednesday, November 10, 2021

Wejo Group Limited (the Company or Wejo), a global leader in connected vehicle data, and Virtuoso Acquisition Corp. (Virtuoso) (NASDAQ: VOSO), a publicly traded special purpose acquisition company, today announced two agreements to secure additional financing arrangements related to their proposed merger through which Wejo expects to become a publicly listed company:

Key Points: 
  • Wejo Group Limited (the Company or Wejo), a global leader in connected vehicle data, and Virtuoso Acquisition Corp. (Virtuoso) (NASDAQ: VOSO), a publicly traded special purpose acquisition company, today announced two agreements to secure additional financing arrangements related to their proposed merger through which Wejo expects to become a publicly listed company:
    Forward Purchase Agreement.
  • Rob Givone, Partner at Apollo, stated, We are excited to support this transaction with Wejo, a global market leader in connected vehicles.
  • Wejo has established relationships with major OEMs and related Tier 1 automotive suppliers, and has received strategic investments from blue-chip companies such as GM, Microsoft, and Palantir.
  • Virtuoso Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses.

Wejo Demonstrates Momentum for Microsoft Partnership, Scales Suite of Data Solutions on Azure Cloud Platform

Retrieved on: 
Wednesday, November 10, 2021

As the volume of Wejos data continually grows, Azure AI capabilities enhance predictability such as helping to reduce road traffic accidents through near real-time data modelling.

Key Points: 
  • As the volume of Wejos data continually grows, Azure AI capabilities enhance predictability such as helping to reduce road traffic accidents through near real-time data modelling.
  • The strategic partnership between Wejo and Microsoft continues to produce unique technical and commercial benefits for the broader mobility sector, said David Burns, CTO, Wejo.
  • Wejo has agreed to a business combination with Virtuoso Acquisition Corp. (NASDAQ:VOSO); when completed, Wejo will become a public company.
  • Wejo is a global leader in connected vehicle data, revolutionizing the way we live, work and travel by transforming and interpreting real-time vehicle data.

Wejo Comments on Passage of Infrastructure and Jobs Act

Retrieved on: 
Monday, November 8, 2021

Wejo, a global leader in connected vehicle data, today commented on the Infrastructure and Jobs Act, one of the largest U.S. infrastructure packages in history, passed by the U.S. House of Representatives on Friday.

Key Points: 
  • Wejo, a global leader in connected vehicle data, today commented on the Infrastructure and Jobs Act, one of the largest U.S. infrastructure packages in history, passed by the U.S. House of Representatives on Friday.
  • Connected vehicle data collection and utilization is a critical component in the creation of a modernized U.S. transportation system, which the Infrastructure and Jobs Act sets out to achieve.
  • Wejo expects to become a publicly listed company through its planned merger with Virtuoso Acquisition Corp. (NASDAQ: VOSO).
  • Founded in 2014, Wejo employs more than 250 people and has offices in Manchester in the UK and in regions where Wejo does business around the world.

Wejo and Hella Partnership Unlocks New Use Cases for Connected Vehicle Data

Retrieved on: 
Thursday, November 4, 2021

Wejo, a global leader in connected vehicle data, and Hella Gutmann Solutions (Hella Gutmann), a leading diagnostics and automotive data provider, which is a subsidiary of HELLA GmbH & Co. KGaA (Hella), one of the worlds leading automotive suppliers, today detailed notable recent achievements of their partnership, which include multiple business applications for connected vehicle data across the vehicle lifecycle.

Key Points: 
  • Wejo, a global leader in connected vehicle data, and Hella Gutmann Solutions (Hella Gutmann), a leading diagnostics and automotive data provider, which is a subsidiary of HELLA GmbH & Co. KGaA (Hella), one of the worlds leading automotive suppliers, today detailed notable recent achievements of their partnership, which include multiple business applications for connected vehicle data across the vehicle lifecycle.
  • From e-mobility to the broader digitalization of the vehicle and ever more intelligent sensors, Hella and Wejo together will deliver insights to passengers, manufacturers, mechanics, OEMs business fleets that demonstrate the power and potential of how connected vehicle data can be used.
  • Rolf Kunold, CEO at Hella Gutmann, added: Wejos connected vehicle data expertise is an outstanding complement to Hella Gutmanns product portfolio and has enabled us to develop new digital data driven products and services for the connected vehicle data supply chain to benefit OEMs.
  • Wejo is a global leader in connected vehicle data, revolutionizing the way we live, work and travel by transforming and interpreting real-time vehicle data.

Wejo to Participate in Upcoming Conferences

Retrieved on: 
Wednesday, November 3, 2021

Wejo, a global leader in connected vehicle data, today announced that members of its management team will participate in the following conferences on November 17, 2021:

Key Points: 
  • Wejo, a global leader in connected vehicle data, today announced that members of its management team will participate in the following conferences on November 17, 2021:
    Third Annual Needham Virtual Big Data/Infrastructure Software 1x1 Conference.
  • Wejo is expected become a publicly listed company later this year through its planned merger with Virtuoso Acquisition Corp. (NASDAQ: VOSO).
  • Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers.
  • Founded in 2014, Wejo employs more than 250 people and has offices in Manchester in the UK and in regions where Wejo does business around the world.

Wejo Announces Appointment of Renowned Autonomous Vehicle Expert Lawrence Burns to Board of Directors Ahead of Combination With Virtuoso Acquisition Corp.

Retrieved on: 
Tuesday, October 26, 2021

Mr. Burns appointment will take effect following its upcoming business combination with Virtuoso Acquisition Corp. (NASDAQ:VOSO) (Virtuoso).

Key Points: 
  • Mr. Burns appointment will take effect following its upcoming business combination with Virtuoso Acquisition Corp. (NASDAQ:VOSO) (Virtuoso).
  • Mr. Burns joins a board that includes directors with diverse and complementary backgrounds in areas critical to Wejos business.
  • We are so pleased that Larry has chosen to join the Board of Directors of Wejo.
  • He also personally championed vehicle electrification, connected vehicles, fuel cells, bio-fuels, advanced batteries, autonomous driving, and a series of innovative concept vehicles.

Virtuoso Acquisition Corp. Announces Effectiveness of Registration Statement and Date for Special Meeting to Approve Proposed Business Combination with Wejo, to be Held on November 16, 2021

Retrieved on: 
Monday, October 25, 2021

The Registration Statement includes a definitive proxy statement/prospectus and provides important information about Virtuoso, Wejo, and the business combination.

Key Points: 
  • The Registration Statement includes a definitive proxy statement/prospectus and provides important information about Virtuoso, Wejo, and the business combination.
  • View the full release here: https://www.businesswire.com/news/home/20211025005597/en/
    Virtuoso also announced that its Special Meeting of Stockholders (the Special Meeting) to consider and vote upon the business combination has been set for November 16, 2021 at 12:00 p.m. EST.
  • Stockholders of record as of October 14, 2021 (the Record Date) are eligible to attend and vote at the Special Meeting.
  • Virtuoso Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses.

Wejo Integrates With Microsoft Mapping Services to Provide Real-Time Transportation Data

Retrieved on: 
Tuesday, October 19, 2021

Wejo, a global leader in connected vehicle data, today announced an expanded collaboration with Microsoft through which Wejos real-time mapping and traffic data will be integrated with Microsoft mapping services to deliver enhanced accuracy, safety, and efficiency to its location services.

Key Points: 
  • Wejo, a global leader in connected vehicle data, today announced an expanded collaboration with Microsoft through which Wejos real-time mapping and traffic data will be integrated with Microsoft mapping services to deliver enhanced accuracy, safety, and efficiency to its location services.
  • Wejos high-quality, proprietary data platform will enhance Microsoft Azure Maps and Bing Maps services with real-time, accurate information across the U.S. and Europe.
  • Additionally, Wejos proprietary data sets can help Microsoft perpetuate improved smart city applications in a consolidated, map-based application that allows for visualization of pertinent information crucial to its mapping users.
  • We are thrilled that Wejo will enhance Microsofts mapping platform across its ecosystem of services and solutions, said Richard Barlow, founder and CEO of Wejo.

Wejo Launches Wejo Studio, Enabling Access to Connected Vehicle Data Anytime, Anywhere

Retrieved on: 
Tuesday, October 5, 2021

Wejo Limited (Wejo), a global leader in connected vehicle data (CVD), has unveiled Wejo Studio , a web-based SaaS platform that analyzes data from millions of connected vehicles and translates billions of data points in near real-time into game-changing traffic and journey insights for all business users to leverage.

Key Points: 
  • Wejo Limited (Wejo), a global leader in connected vehicle data (CVD), has unveiled Wejo Studio , a web-based SaaS platform that analyzes data from millions of connected vehicles and translates billions of data points in near real-time into game-changing traffic and journey insights for all business users to leverage.
  • Wejo is continually expanding the ways it allows access to insights queries that run over such a large and complex data asset.
  • This news comes on the heels of growing interest in connected vehicle data and promise for its applications across sectors.
  • Wejo is a global leader in connected vehicle data, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data.