Telit acquires ILS Technology and Broadcom spends US$164m on LTE assets from Renesas subsidiaries
(London, UK. September 5, 2013) — Telit Wireless Solutions, a global provider of M2M solutions, products and services, today announced that it has acquired ILS Technology LLC. This news comes 24 hours after Renesas Electronics Corporation reported the transfer of all shares in subsidiaries Renesas Mobile Europe Oy (RME), and Renesas Mobile India Private Ltd (RMI) to Broadcom Corporation.
A spate of machine-to-machine (M2M) mergers and acquisitions have been reported on extensively in M2M Now (see: ARM buys Sensinode Oy to accelerate IoT growth and ‘support 30bn connected devices by 2020′; and Software AG buys JackBe and launches real-time analytics platform for intelligent operations) continues. Boca-Raton, Florida-based ILS Technology (ILST) is a provider of ready-to-use, off-the-shelf cloud platform services connecting enterprise IT systems to M2M-enabled devices as well as machines for businesses-critical use. Terms of the deal have yet to be announced.
ILST management, engineering and support staff will be integrated into the m2mAir services unit, expanding Telit’s ‘ONE STOP. ONE SHOP.’ market approach. Telit created the m2mAIR business unit in 2012 to centralise the company’s value-added services including connectivity. Starting with a focus on the mobile network offering, the company leveraged its relationship with key partners in Europe and Latin America. In North America it acquired Illinois-based CrossBridge Solutions.
Telit is now extending the reach of m2mAIR deeper into internet-side services with ILST. M2M adopters in this area have been seeking better, more integrated solutions, particularly for on-boarding M2M assets to cloud-enabled IT infrastructures in low entry-cost, platform-as-a-service (PaaS) service models.
ILST solutions are designed for easy deployment and can integrate M2M devices with minimal application development effort. ILST reportedly places great emphasis on providing security for company and customer data, as well as on regulatory compliance. Over the past decade Telit has focused on M2M, reducing technical risk and shortening time to market for OEMs and integrators, with the goal of making Telit the industry’s ONE STOP. ONE SHOP.
secureWISE and deviceWISE, ILST’s two product lines, will remain as solutions. The two lines which target customers in different business environments are currently the responsibility of distinct areas of the company and are to remain organised as such post-integration of the company into m2mAIR. secureWISE is an established product delivering secure data exchange for large data volumes. Its customers include tool manufacturers for semiconductor fabrication facilities (FAB), automotive, data centres, and industrial automation.
deviceWISE products are critically concerned with security, scalability and integration with modern IT infrastructures. The expertise Telit has amassed with its acquisitions for m2mAIR are said by the company to “enable the rapid evolution of deviceWISE to a highly adept PaaS/SaaS-based Application Enablement Platform (AEP)”.
“The ILST acquisition provides Telit with access to additional value added services and customers, providing Telit with an even broader footprint in the M2M value chain,” said Oozi Cats (pictured above), chief executive at Telit Wireless Solutions. “It opens up new opportunities to expand our service offerings to small and medium M2M customers worldwide, widening our market advantage. We see tremendous synergies between our hardware and connectivity offerings and the portfolio from ILST; and welcome the opportunity that this acquisition provides us to further strengthen and solidify our presence in the M2M market.”
Fred Yentz, president and CEO of ILST, said: “We are excited about the prospect of working with the Telit team to continue providing premier services to our customers and to expand our sales and customer base.” Yentz, who stays at the helm of ILST under Telit ownership, added: “We look forward to continued growth and globalization of ILST under Telit leadership.”
Broadcom buys LTE-related assets from Renesas
Renesas Electronics Corporation said on Wednesday that it will transfer all the shares of subsidiaries Renesas Mobile Europe Oy (RME), and Renesas Mobile India Private Ltd (RMI) to Broadcom Corporation. The sale will also include “certain assets related to its LTE modem technology”. Broadcom is a technology innovator and global leader in semiconductors for wired and wireless communications.
Renesas and RMC announced on June 27 that they would stop development activities and sales expansion of the 4th generation wireless (LTE) modem developed by RME and RMI, and work towards the termination of this business. During the process, however, Broadcom proposed to Renesas and RMC that it acquire the LTE Modem technology. Renesas and RMC concluded that it would be desirable for all stakeholders to effect the transfer to Broadcom.
This transaction enables Renesas and RMC to quickly exit from the LTE Modem business and focus more on their core business, while enabling Broadcom to strengthen its semiconductor business for communications.