Telenor Connexion in strategic deal with Ericsson

Having been an early pioneer in the M2M market in automotive, security and smart metering industries, Telenor Connexion developed an advanced M2M dedicated platform in 2009. This platform and managed M2M solutions were subsequently chosen by companies such as Omron, Nissan, TomTom, and Qualcomm for their embedded connectivity solutions. Telenor Connexion has announced the next step in the company's evolution - a strategic deal with Ericsson where Ericsson acquires the advanced M2M platform in order to allow
May 21, 2012 Read time: 2 mins
Having been an early pioneer in the M2M market in automotive, security and smart metering industries, 955 Telenor Connexion developed an advanced M2M dedicated platform in 2009. This platform and managed M2M solutions were subsequently chosen by companies such as 564 Omron, 838 Nissan, 1692 TomTom, and 213 Qualcomm for their embedded connectivity solutions. Telenor Connexion has announced the next step in the company’s evolution - a strategic deal with 5650 Ericsson where Ericsson acquires the advanced M2M platform in order to allow for larger economies of scale.

Telenor Connexion says this aggressive move allows it to free up resources allowing for focus on fulfilling customers’ needs rather than concentrating on the day to day operations of an M2M platform. Less emphasis will be placed on the base systems and more resources will become engaged in developing new value added services per vertical market, improving and customising products, as well as utilising partnerships to complement the M2M development.

“The new direction will enable us to deliver market-making services faster to our rapidly growing customer base,” said Per Simonsen, CEO. “Telenor Connexion has designed and deployed the best in class M2M platform, thereby making it attractive to a company like Ericsson to leverage for their own M2M initiatives. We believe that our increased focus on value added services will address the multiple demands of our customers and allow us to retain our competitive edge. With this strategic development, we will further strengthen our position as the leading provider of premium M2M solutions. It is also a way to continue to differentiate ourselves in the market,” Simonsen added.
Location Based Systems

For more information on companies in this article

Related Content

  • Progress towards a pan-European cooperative infrastructure
    July 17, 2012
    Kallistratos Dionelis, General Secretary of ASECAP, makes the case for a lightly regulated, staged progression towards a pan-European cooperative infrastructure environment, the achievement of which should look to engender cooperation between the public and private sectors. Such an approach, he says, is the only real path to success.
    Read More
  • Improve and increase mass transit systems to minimise congestion
    January 24, 2012
    Rather looking to solve congestion by spreading the load, perhaps we need to look at concentrating it. Michael L. Sena writes. We humans were made to walk and run at embarrassingly slow speeds by comparison with other, more fleet-footed organisms. The sea is not our natural habitat and we were definitely not designed to fly unaided. Nevertheless, humankind has evolved a method of living during the past century that is dependent on transporting its members over very long distances during relatively short per
    Read More
  • Advances in real time traffic and travel information
    March 16, 2012
    David Crawford admires TomTom’s flying start to 2012. Gobal location and navigation equipment supplier TomTom rang in 2012 with two strategically important announcements. First was the signing of a deal with Korean electronics giant Samsung, representing an important consolidation of its position in the consumer market. Under this agreement, TomTom maps and location content will power the Samsung Wave3 smartphone, launched in autumn 2011. TomTom data will support navigation and search-and-find applications
    Read More
  • Tracis acquires Datasys
    May 19, 2014
    A Manchester firm that specialises in software for the transport industry has been acquired by listed Leeds group Tracsis in a cash and shares deal worth US$7.5 million. Datasys, which employs 17 staff, provides rail management software systems, business applications and hosting services for the majority of the UK's train operating companies, such as First Group, Go-Ahead, Stagecoach, National Express, Arriva, and Virgin. Tracsis believes that the products, services and development capabilities of Da
    Read More

Highlighted Content