Cyan to acquire Connode to expand global reach and portfolio

John Cronin, executive chairman of Cyan

Cyan has announced its intention to acquire Sweden’s standards-based software company Connode for an undisclosed sum, subject to shareholder approval.

Headquartered in Stockholm, Connode is a leading supplier of wireless communication products for IoT and has successfully deployed more than 650,000 legacy units with utilities. Connode provides a standards-based IPv6 6LoWPAN solution for developed markets in Europe and Asia including a £25 million ($35.43 million) software license and support contract for the UK smart meter rollout to provide the radio network for households where there is no cellular network coverage.

The UK Government has identified smart meters as key energy efficiency technology and is aiming for approximately 53 million smart meters to be installed in 30 million homes and businesses in the UK by 2020.

As well as being successful in developed markets Connode has recently partnered with Reliance Energy, part of Reliance Industries Ltd the Indian conglomerate with more than 6.4 million customers, to build a smart sustainable city network pilot in Mumbai.

In the first pilot project, smart meters, streetlights and distribution automation equipment will be connected using Intel® IoT Gateways and Connode’s IPv6-based wireless solution. This will be the first rollout in India of smart meters fully compliant with the communication standards recently adopted in the machine-to-machine roadmap by the government of India.

The acquisition of Connode will accelerate Cyan’s product roadmap with the addition of IPv6 6LoWPAN, expand Cyan’s geographic coverage from the major emerging markets (including India, Iran, Africa and China) to developed markets (including Europe and other western markets, potentially North America) and allow the combined company to become the world number one in narrowband mesh networks.

John Cronin, executive chairman of Cyan commented: “As our clients in developing markets realise the benefits from our proprietary end-to-end solutions, we believe that they will want to converge their networks and this will require standards-based technologies.

Convergent networks require a standards-based core language to enable the rapid development integration and consolidation of applications. The acquisition of Connode will be transformational for Cyan, and will give us the capability to build these functions into our core products, enabling us to future proof our customer solutions and provide standards-based interfaces for additional connectivity as required for the Internet of Things (IoT) and smart cities.”

Bjorn Lindblom, chief executive officer of Connode, commented: “This change in ownership will help us to further boost the global sales of our mature IoT platform. The combined entities will be a market leader in dedicated IoT communications networks with the resources needed to continue our global expansion.

Connode has a unique position as a proven supplier of highly scalable, easy to deploy, IPv6 6LoWPAN-based, wireless Neighbourhood Area Networks. It is a great opportunity to broaden the scope of work for both technical and commercial staff.”

Cyan currently focuses on smart metering and lighting in emerging markets that have a pressing requirement to reduce energy losses and improve revenue assurance. The company partners worldwide with utilities, system integrators and meter manufacturers to create global ecosystems that deliver significant benefits for energy providers, consumers and the environment.

Cyan uses a proprietary communication platform which is optimised for exceptional performance at an affordable price.  The low power solution uses compressed data over narrowband frequencies, which provides reliable, long range communications as well as a self-forming and self-healing mesh network to ensure resilience.

The acquisition is subject to shareholder approval to be sought at a general meeting of the company to be held on June 30, 2016.

Comment on this article below or via Twitter: @IoTNow_ OR @jcIoTnow


9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

Infineon and Rainforest Connection create real-time monitoring system to detect wildfires

Posted on: October 22, 2021

Munich and San Jose, California, 21 October, 2021 – Infineon Technologies AG a provider of semiconductors for mobility, energy efficiency and the IoT, announced a collaboration with Rainforest Connection (RFCx), a non-profit organisation that uses acoustic technology, Big Data and Artificial Intelligence / Machine Learning to save the rainforests and monitor biodiversity.

Read more

Infineon simplifies secure IoT device-to-cloud authentication with CIRRENT Cloud ID service

Posted on: October 21, 2021

Munich, Germany. 21 October 2021 – Infineon Technologies AG launched CIRRENT Cloud ID, a service that automates cloud certificate provisioning and IoT device-to-cloud authentication. The easy-to-use service extends the chain of trust and makes tasks easier and more secure from chip-to-cloud, while lowering companies’ total cost of ownership. Cloud ID is ideal for cloud-connected product companies

Read more