Enea on Thursday announced that it has acquired Aptilo, a leading provider of policy and access control solutions for carrier Wi-Fi and IoT (Internet of Things), headquartered in Stockholm, Sweden for an enterprise value of SEK 150 million (~$17M).
Aptilo’s flagship product is the Aptilo Service Management Platform (SMP), a carrier-class system for management of data services, with advanced functions for policy and access control. Aptilo SMP is used in large-scale deployments of carrier Wi-Fi, while Aptilo SMP IoT is a solution for connectivity and security management over both cellular and Wi-Fi technologies.
Aptilo’s solutions have been deployed by more than 100 operators in 75 countries and are sold both directly to operators and indirectly through technology and channel partners. More than half of Aptilo’s total revenue is recurring, and the products are sold either as software licenses, as managed services, or in a cloud-based SaaS (software as a service) model to a growing number of customers.
Aptilo will continue to operate under its own brand as a business unit within Enea, and the business unit will be headed by Paul Mikkelsen.
Jan Häglund, President and CEO of Enea
The acquisition strengthens our data management portfolio, expands our reach with existing and new customers, and creates interesting business opportunities in the fields of 5G, Internet of Things, and SaaS.
Paul Mikkelsen, CEO of Aptilo
Our solutions will be an excellent addition to Enea’s core network portfolio, as the combination of 5G and Wi-Fi 6 creates a strong and unique offering to the market.
