Tuesday, August 23, 2011

Ericsson Acquires Telenor Connexion's M2M Platform

Ericsson has acquired Telenor Connexion's M2M (machine-to-machine) technology platform. The deal includes the transfer of ten employees who will continue to work with development of the service offering provided on Ericsson's Device Connection Platform. Telenor Connexion also becomes the first customer to Ericsson on the platform. No financial details about acquiring the assets have been announced.

Ericsson's M2M service, the Device Connection Platform, a service launched during the Mobile World Congress in February, offers telecom operators a way to set up tailored M2M services for enterprise customers and is brought to market with a 'software as a service' business model, providing a low initial investment in technology and a fast time to market. http://www.ericsson.com

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