India’s Tata Communications is acquiring Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE).
The terms of the acquisition were not disclosed but the company said it is an “investment in technology and talent” meant to boost Tata’s MOVE platform, which manages information for enterprises as they move across borders.
Launched in February 2017, the platform has been adopted by global businesses such as the children’s smartwatch makers Omate and Doki Technologies, new mobile network virtual operators (MVNO) like Singapore-based MyRepublic, and the smart logistics company W-Locate.
Teleena’s technology portfolio includes its MVNE platform and Operational Support System/ Business Support System (OSS/BSS) solution. The company is also bringing in the expertise of mobility and IoT industry specialists.
The combination of the Tata's MOVE platform and Teleena’s technology and talent is expected to accelerate our growth in the mobility and IoT market, according to Anthony Bartolo, Chief Product Officer, Tata Communications.
“The growth rate in the global mobility and IoT market is phenomenal: by 2021, enterprises’ spending on mobility alone is set to surpass US$1.7 trillion,” he said in a media statement.
Teleena’s customers will now transition to become Tata Communications’ customers, and all Teleena employees will become Tata Communications’ employees.
“I look forward to working with Anthony and his team to help Tata Communications’ customers make the most of the transformational potential of IoT and mobility, and support the company’s mission to become one of the leading players in this industry,” said Kim Bybjerg, CEO of Teleena.
Before the acquisition, Tata Communications had already invested in Teleena. The company became the single largest shareholder in Teleena with a 35 percent stake in January 2017.
In April 2017, the two companies have joined forces to offer South African ICT services provider Dreamtime Technologies (Pty) Ltd. (DTTech) a new cloud-based virtual mobile network to serve African mobile and IoT providers.