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KDDI to Acquire IoT Cloud Platform Startup SORACOM

11 months ago
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KDDI to Acquire IoT Cloud Platform Startup SORACOM

KDDI announced that it will acquire Soracom, which provides IoT platform, which combines over the air connectivity with cloud capability to deliver secure communication optimized for IoT and M2M.

Based in Tokyo, Soracom enabled customers to operate and manage connections and devices from the web console and API, and can quickly launch and scale IoT systems featuring advanced cloud integration and private cloud connections.

Soracom claims that it has already contributed significantly to the development of IoT capability in Japan and around the world. Since launching in September 2015, Soracom has expanded operations to the United States and Europe, initiated service in over 120 countries, and developed a worldwide base of over 7,000 customers.

KDDI has provided IoT/M2M services for over 15 years and offers mobile communication services in various industries, including smart meters and remote monitoring. In addition, KDDI is proactively advancing the communication base for future IoT services by developing next-generation networks such as cellular LPWA (LTE-M/NB-IoT) and 5G, and by providing individualized IoT solutions according to customer's needs.

The two companies will collaborate between KDDI's IoT business base and Soracom's communication platform, and will strongly promote expansion of the joint IoT platform worldwide. Both companies will also apply the IoT/M2M knowledge and customer base that they have developed to date as they create a market-leading new joint IoT business.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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