iBASIS recently announced that its owner, Tofane Global (TOFANE), the leading international communications solutions group, acquired Simfony, an IoT Platform-as-a-Service provider and Mobile Virtual Network Enabler (MVNE).
The acquisition complements the iBASIS IoT portfolio by adding a business management layer to its global connectivity offering, thus creating a one-stop shop for its customers. They now have access to a fully-featured IoT Connectivity Management Platform for their remotely programmable SIMs (eSIMs), from online ordering, provisioning, product catalog, device lifecycle control, trouble ticketing, online rating, and billing, to account profitability.
iBASIS’ expanded IoT offering comes at a time when the IoT connectivity market, which is forecasted for double-digit growth in the coming years, is experiencing a surge in demand for reliable and secure networks.
With this acquisition, iBASIS adds a technology development center in Romania and strengthens its operations in the Netherlands where Simfony is headquartered. The Simfony management and team will join iBASIS, bringing remarkable value in industry expertise and technology skills.
Simfony’s platform, built on the latest architecture concepts such as Software Defined Network (SDN) and Network Functions Virtualization (NFV), ensures rapid time-to-market and elasticity for an unlimited number of connected devices. It enables greater flexibility and agility using software innovation adding to iBASIS’ numerous patented technologies in IoT.
Alexandre Pébereau, CEO, iBASIS, and Founder, TOFANE
After establishing ourselves as a leader through acquisitions in international voice (2018), mobile roaming (2019), and messaging (2020), today’s announcement is an exciting step for us in the world of Internet of Things. By adding Simfony to the TOFANE family, iBASIS moves up the value chain to the management layer, fast-tracking our plans of becoming a single-source enabler of global IoT connectivity services.
Joachim de Wild, CEO and Founder, Simfony
We are very excited about joining iBASIS, particularly after working successfully together over the past few years on our global eSIM connectivity partnership. We are thrilled for our employees and customers as this acquisition opens a new era of possibilities and growth.
