Monday, May 11, 2015

Sierra Wireless to Acquire Accel for LTE Aggregation Service

Sierra Wireless, which offers 2G, 3G and 4G embedded modules and gateways, has agreed to acquire Accel Networks. Financial terms were not disclosed.  The deal is expected to close in June 2015.

Accel Networks provides primary and back-up connectivity services to more than 300 enterprise customers in sectors such as retail, finance, security, energy, and hospitality. The company delivers an end-to-end solution – integrating 4G LTE gateways and the iMaestro antenna, with cloud-based radio frequency link optimization and remote management. Accel Networks was founded in 2002 and is headquartered in Florida, with its primary operations center located in Georgia. The company currently employs 28 full time staff.

“Since founding the company in 2002, we have been successful in building a strong customer base by developing solutions that overcome the challenges of utilizing cellular for mission-critical networking and by delivering robust indoor connectivity in a highly cost-effective manner,” said Mark Gianinni, co-founder and CEO of Accel Networks. “Looking forward, we are excited to join Sierra Wireless to further expand our offering and accelerate our growth.”

http://www.accel-networks.com/

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