Sierra Wireless to acquire substantially all of the assets of AnyDATA’s machine-to-machine (M2M) embedded module and modem business. The transaction is expected to close by the end of this month.
AnyDATA’s M2M embedded module and modem portfolio are going to become part of the Sierra Wireless OEM Solutions product line, and also a team of 16 sales and engineering staff from AnyDATA’s Korean subsidiary to join Sierra Wireless, after the completion of process of acquisition. Sierra Wireless said AnyDATA’s M2M embedded module and modem products generated approximately US$10 million in revenue during the last 12 months and the business is modestly profitable.
“With significant market share and established sales channels in Korea, and a proven engineering team, we believe that the AnyDATA M2M business represents an important addition to Sierra Wireless,” said Jason Cohenour, President and CEO of Sierra Wireless. “This acquisition broadens our global reach, enhances our technical capabilities, and expands our market share leadership. We are very pleased to welcome the AnyDATA customers and employees to Sierra Wireless.”
In a separate release Sierra Wireless also announced the departure of Didier Dutronc, Senior Vice President, OEM Solutions and Regional General Manager for EMEA, effective immediately. Dan Schieler, previously Senior Vice President of Worldwide Sales, has now moved into the role of Senior Vice President and General Manager, OEM Solutions. Emmanuel Walckenaer, Senior Vice President and General Manager, Enterprise Solutions, will assume Regional General Management responsibilities for EMEA.