Telit acquires Cloud Platform ILS Technology
2013-09-09Telit Wireless Solutions has announced that it has acquired ILS Technology LLC (ILST). With the acquisition, ILST management, engineering and support staff will be integrated into the m2mAir services unit, expanding Telit's successful "ONE STOP. ONE SHOP." market approach with solutions to boast a broader offering in value-added services.
With ILST, Telit aims to expand the reach of m2mAIR much deeper into Internet-side services where M2M adopters have been seeking better, more integrated solutions, particularly for on-boarding M2M assets to Cloud-enabled IT infrastructures in low-entry-cost, PaaS service models.
Oozi Cats, Chief Executive, Telit Wireless Solutions, said, "The ILST acquisition provides Telit with access to additional value-added services and customers, providing Telit with an even broader footprint in the M2M value chain. It opens up new opportunities to expand our service offerings to small and medium M2M customers worldwide, widening our market advantage. We see tremendous synergies between our hardware and connectivity offerings and the portfolio from ILST, and welcome the opportunity that this acquisition provides us to further strengthen and solidify our presence in the M2M market. "
"We are excited at the prospect of working with the Telit team to continue providing premier services to our customers and to expand our sales and customer base. We look forward to continued growth and globalization of ILST under Telit leadership," said Fred Yentz, President & CEO, ILST.
ILST's two well recognized product lines - secureWISE and deviceWISE - will remain as solutions.
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