Tata Communications is set to acquire Teleena, a Netherlands-based technology company, as part of the strategy to enhance focus on mobility and IoT market.
Teleena, a provider of Internet of Things (IoT) connectivity solutions and mobile virtual network enabler (MVNE), helps in reducing the operational complexity and cost of mobility and IoT deployments for businesses.
Earlier, Tata Communications announced its 35 percent stake in Teleena. India-based Tata Communications did not reveal financial terms of the deal.
Teleena’s solution is a key part of the Tata Communications’ MOVE platform, which enables enterprises and device manufacturers to manage information through connectivity.
Teleena’s technology portfolio includes its MVNE platform, its operational support system / business support system (OSS/BSS) solution, and the expertise of Teleena’s mobility and IoT industry specialists including Kim Bybjerg, CEO of Teleena.
“The growth rate in the global mobility and IoT market is phenomenal: by 2021, enterprises’ spending on mobility alone is set to surpass USD 1.7 trillion,” said Anthony Bartolo, chief product officer of Tata Communications.
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 are the customers of Tata Communications’ MOVE platform.