Wednesday, December 24, 2014

Sierra Wireless to Acquire M2M Service Provider for $90M

Sierra Wireless agreed to acquire Wireless Maingate AB, a provider of machine-to-machine (M2M) connectivity and data management services for US $90 million in cash. The transaction is expected to close in February 2015.

Wireless Maingate, which is based in Karlskrona, Sweden, provides managed M2M connectivity and information management services to more than 500 customers across Europe, reaching a subscriber base of more than 500,000 connected devices. Maingate’s value-added services include leading-edge over-the-air subscription provisioning and tailored connectivity solutions for a broad range of M2M industries. The company claims a strong base of recurring revenue and expects 2014 turnover of over US $19 million and earnings before interest, taxes, depreciation, and amortization (EBITDA) of US $6 million. Sierra Wireless expects the transaction to be immediately accretive to earnings.

“The acquisition of Maingate is a strong strategic fit for Sierra Wireless, helping us to accelerate our device-to-cloud mission with the addition of leading edge wireless M2M connectivity and managed services,” said Jason Cohenour, Sierra Wireless President and CEO. “Maingate has a strong base of top-tier M2M customers and a proven technology platform that we believe will enable market expansion and accelerated services growth through our channels.”

NJIT: The Evolution of Wireless Networks

The New Jersey Institute of Technology’s online Master of Science in Electrical Engineering program has created an infographic that traces the development of wireless technology from Gugliemo Marconi's wireless telegraph in the 1890s to the emergence of 4G technologies, followed by predictions for the coming decades.

New Jersey Institute of Technology’s Online Master of Science in Electrical Engineering

Windstream Deploys Cyan for 100G Metro Upgrade

Windstream has selected Cyan to help upgrade its regional and metro networks to 100G utilizing Cyan’s Z-Series packet-optical hardware. Initial deployments of this new infrastructure are underway with the introduction of a new packet-based 100GbE network across major Windstream markets.  Financial terms were not disclosed.

Cyan said its Z-Series Packet Optical Platforms have been an important part of Windstream’s network architecture for many years, initially serving wireless backhaul and consumer broadband applications,  The Z-Series will now support a wide-breadth of high-performance applications across Windstream’s footprint.

“Windstream is clearly taking the lead in evolving their regional and metro networks to 100G and we’re proud to support them in this transformation. This evolution was discussed early in our relationship with Windstream and it’s exciting to see it now coming to fruition,” said Mike Hatfield, President, Cyan.