Ericsson says it has completed the purchase of Sweden-based Telenor Connexion's machine-to-machine technology platform, part of Ericsson's ambition to drive the market for M2M communication. The company adds valuable technology and the know-how of 10 employees making the transfer.
The Ericsson-Telenor Connexion deal was initially announced on April 19, 2011.
Ericsson's M2M service, the Device Connection Platform, offers telecom operators a way to set up tailored M2M services for enterprise customers. It is brought to market as a service providing a low initial investment in technology and a fast time to market.
"We are happy to welcome the employees today working with Telenor Connexion's M2M technology platform," said Magnus Furustam, VP, head of Core & IMS at Ericsson. “They are together with the technology platform important to us as our ambition is to grow the M2M market, offering our customers a solution that they can quickly use on the market for a low initial investment."
Today, mobile connectivity is used in several M2M solutions such as smart meters and fleet management and is useful in all products with software, which can be easily upgraded if they were connected to a mobile network. And the market outlook is good.
Telenor Connexion becomes the first customer to Ericsson on the platform. Terms of the deal are yet to be disclosed. Telenor Connexion is wholly owned by Telenor Group, the mobile operator with 127 million mobile subscribers in consolidated operations; 301 million including VimpelCom Ltd (associated company).
