Verizon Ventures has exited drone management software developer Skyward through an acquisition by its parent company.

Telecommunications firm Verizon acquired US-based drone operating software provider Skyward for an undisclosed amount yesterday, giving an exit to its corporate venturing unit, Verizon Ventures.

Skyward produces software that makes the management and operation of unmanned aerial vehicles more efficient and cost-effective. Companies can use the platform to integrate and connect their drone network in a single place.

Verizon will use Skyward’s technology to provide an end-to-end drone operations service that incorporates planning, workflow, airspace data, registration and regulatory compliance…