Aeris Communications, an IoT solutions provider based in San Jose, CA, and Ericsson (NASDAQ: ERIC) announced they have signed an agreement for the transfer of Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses.
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 says it will be able to offer an extensive IoT technology stack, brought to the market through an ecosystem of channel partners, communications service providers and direct sales organizations.
Åsa Tamsons, Head of Business Area Technologies & New Businesses at Ericsson, stated: “Aeris has been successful in extending its IoT solution offering beyond connectivity and has the right focus, assets, and capabilities to realize the full potential of Ericsson’s IoT business and its strong market presence. Despite significant investments to address the fragmentation of the IoT market, Ericsson has only tapped into a limited part of the value chain, limiting the returns of such investments. The combined business will offer an unparalleled IoT platform for enterprises and new revenue streams for communication service providers, ultimately benefiting Ericsson’s customers. Aeris is a good home for our IoT business.”
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