Sierra Wireless strengthens IoT position with acquisition of Numerex

Sierra Wireless is to buy Numerex in a deal that values the latter at $107million. According to Sierra Wireless, which specialises in wireless modules and embedded solutions, the move will reinforce its leading position in the IoT sector.

“The acquisition of Numerex accelerates our IoT device-to-cloud strategy by adding an established customer base, significant sales capacity, proven solutions and recurring revenue scale,” said Jason Cohenour, Sierra Wireless’ president and CEO. “The combination of Sierra Wireless and Numerex will represent a powerful business and technology platform that will enable the company to drive a global leadership position in IoT services and solutions.”

Numerex offers managed end-to-end IoT solutions, including smart devices, network connectivity and service applications, targeted at vertical markets and industrial customers.

“We believe that combining with Sierra Wireless will strengthen Numerex’ business, advance its product offerings, and accelerate the growth of recurring revenue streams,” said Ken Gayron, interim CEO and CFO.