Sierra Wireless has entered into an agreement to acquire MobiquiThings, a French mobile virtual network operator (MVNO) that is focused on managed connectivity services for the Internet-of-Things (IoT), with broad segment experience in the energy, transportation, security, retail, and healthcare markets. The company provides similar network services to that of SIGFOX.
Sierra Wireless has agreed to purchase all of the shares of MobiquiThings for €14 million in cash, plus a performance-based earnout formula that extends into 2017. Sierra expects MobiquiThings to generate a revenue of approximately €3.0 million this year.
According to Sierra, MobiquiThings has a unique technology platform that includes MobiquiSIM, a dynamic attachment service that provides its customers with superior radio access network coverage and industry leading QoS, as well as SIM provisioning and management for 2G, 3G, and 4G connectivity.
