comment on this article

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.

Author
Graham Pitcher

Comment on this article


This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

What you think about this article:


Add your comments

Name
 
Email
 
Comments
 

Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

CES 2022 Review

Some of the key trends, innovations and news from this year’s Consumer ...

Get to market faster

A quick look at using Vicor's PFM and AIM in VIA packaging for your AC to Point ...

Digital consciousness

​Would you consider uploading your brain to the cloud if it meant you could ...