Aeris Communications, a San Jose, CA-based Internet of Things (IoT) solutions provider, and Ericsson (NASDAQ: ERIC) have signed an agreement for the transfer of Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses.
The transaction is expected to close in the first quarter of 2023 and includes the transfer of employees from Ericsson to Aeris. In addition, Ericsson intends to support Aeris with transition services and will acquire a minority stake in the company.
Ericsson IoT Accelerator is used by more than 9,000 enterprises to manage more than 95 million connected devices with 20 million eSIM connections globally. These enterprises and connections leverage Ericsson’s ecosystem of over 35 communication service provider partners for global cellular connectivity.
The combination of Aeris and Ericsson’s IoT platforms will connect over 100 million IoT devices worldwide, covering 190 countries, and provide IoT connectivity, software and solutions to thousands of enterprises.
The new Aeris will be able to offer an extensive IoT technology stack, brought to the market through an ecosystem of channel partners, communications service providers (CSPs) and our direct sales organizations.
Led by Marc Jones, Chairman and CEO, Aeris Communications provides businesses with intelligent IoT cellular connectivity, security, reliability, and support to simplify and streamline IoT programs at scale. The company addresses industries such as transport, automotive, energy, healthcare among others and has helped thousands of customers to deploy and manage their IoT programs end-to-end.
FinSMEs
11/12/2022