Category Archives: Business News

Ericsson Accelerates 5G for Enterprise with Acquisition of Cradlepoint

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Ericsson Accelerates 5G for Enterprise with Acquisition of Cradlepoint

Sept. 17, 2020 — Ericsson (NASDAQ: ERIC) has agreed to acquire Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.

The combined offering will create valuable new revenue streams for customers by supporting full 5G-enabled services for enterprise, and boost returns on investments in the network.

Cradlepoint will become a fully owned subsidiary of Ericsson while continuing to operate under its existing brand. Cradlepoint employees will remain within the company, headquartered in Boise, Idaho. It will be part of Ericsson’s Business Area Technologies & New Businesses.

The acquisition price amounts to an enterprise value of USD 1.1 b. with the transaction expected to close before the end of Q4 2020, subject to closing conditions. The purchase price, which is funded from Ericsson’s cash-in-hand, is paid in full on closing. Cradlepoint’s sales for 2019 were SEK 1.2 b. with a gross margin of 61%. Ericsson’s operating margins are expected to be negatively impacted by approximately 1% in 2021 and 2022 – where half is related to amortization of intangible assets which arise from the acquisition. Cradlepoint is expected to contribute to operating cash-flow starting in 2022. Ericsson’s 2022 group financial targets remain unchanged.

Wireless wide area network (wireless WAN) Edge solutions connect through 4G and 5G to deliver fast, secure, and flexible connectivity wherever and whenever it is needed for businesses, mobility and critical frontline emergency services. Cradlepoint is strongly positioned in a market with underlying growth of 25-30%.

Börje Ekholm, President and CEO Ericsson, says: “Portfolio-near acquisitions are an integral part of our earlier communicated strategy. The acquisition of Cradlepoint complements our existing offerings and is key to our strategy of helping customers grow the value of their 5G network investments. Ericsson is uniquely positioned to build on Cradlepoint’s leadership position in Wireless Edge and the wireless WAN market. Combining the scale of our market access and established relationships with the world’s biggest mobile operators we are making a strong investment to support our customers to grow in this exciting market. I would like to extend a very warm welcome to all Cradlepoint employees.”

George Mulhern, CEO and Chairman, Cradlepoint says: “We have led the way in bringing the power of cellular networks and technologies to enterprise and public sector customers – helping them connect beyond the limits of traditional wired WANs. Ericsson with its global 5G leadership is a great match for us and I am very excited to continue to scale and expand our business together.”

Founded in 2006, Cradlepoint has more than 650 employees, providing wireless WAN solutions that deliver enterprise-grade connectivity. In addition to the company headquarters in Boise, Idaho, USA, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia.

Cradlepoint’s subscription model combines cloud-delivered software with hardware endpoints, support and training.

Ericsson’s long-standing collaboration with Cradlepoint dates back to the launch of 4G in the U.S. market more than a decade ago.

To find out more about the Cradlepoint range off 5G wireless routers and how it can bring your 5G IoT application to life please visit co-star

 

 

Big Change make the Sunday Times Tech Track 100

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Congratulations to Martin Port and Big Change who have made the Sunday Times Tech Track 100.

The Leeds based technology company supply workforce management software that helps companies manage their mobile work force by connecting back offices, job sheduling and vehicle location and tracking.

The BigChange mobile app, for Android and iOS replaces all paperwork in the field. It provides real-time job information and manages each task step by step with customisable electronic workflows. It also features photo and signature capture and inbuilt risk assessments.

During the pandemic they have developed software that features daily check-ins for remote workers, paperless  apps and no-touch signatures for mobile devices.

The Big Change software allows companies with mobile workforces to work more efficiently and productively by streamlining job sheduling, reducing traveling times between jobs, saving on fuel costs,  significanly reducing administration costs and boosting cashflow by allowing instant invoicing from the system once jobs have been completed.

Full integrated Customer Relationship Management gives you a 360 degree view of every account, contact, site and contract. You can even bill and invoice right from the system.

Source: Tim Cosgrove – Co-Star

 

 

 

T-Mobile and Nokia ink $3.5 billion, multi-year 5G network agreement

  • Nokia’s largest 5G agreement globally will provide end-to-end 5G solutions for T-Mobile’s nationwide 5G network

30 July 2018

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Bellevue, Washington and Espoo, Finland – T-Mobile (NASDAQ: TMUS) and Nokia today announced a landmark $3.5 billion agreement to accelerate the deployment of a nationwide 5G network. Nokia will provide T-Mobile with its complete end-to-end 5G technology, software and services portfolio, assisting the Un-carrier in its efforts to bring its 5G network to market for customers in the critical first years of the 5G cycle.

“We are all in on 5G,” said Neville Ray, Chief Technology Officer at T-Mobile. “Every dollar we spend is a 5G dollar, and our agreement with Nokia underscores the kind of investment we’re making to bring customers a mobile, nationwide 5G network. And together with Sprint, we’ll be able to do So. Much. More.”

As part of the agreement, Nokia will help build T-Mobile’s nationwide 5G network with 600 MHz and 28 GHz millimeter wave 5G capabilities compliant with 3GPP 5G New Radio (NR) standards.

“Nokia and T-Mobile will advance the large-scale deployment of 5G services throughout the United States,” said Ashish Chowdhary, Chief Customer Operations Officer, Nokia. “This is a testament to our companies’ strong and productive working relationship, one which has produced several important technological milestones in recent months, and which now allows us to make 5G a commercial reality.”

5G promises to enable faster speeds, massive connectivity, decade-long battery life for sensors and super-responsive and reliable networks for customers. This will unleash on-demand virtual reality (VR) and augmented reality (AR) experiences, driverless vehicles, medical monitoring, advanced industrial automation services, and so much more – all requiring ubiquitous low latency connectivity.

T-Mobile will leverage multiple products across Nokia’s end-to-end 5G technology, software and services portfolio, including commercial AirScale radio platforms and cloud-native core, AirFrame hardware, CloudBand software, SON and 5G Acceleration Services.

Using 5G, Nokia and T-Mobile will develop, test and launch the next generation of connectivity services that will cover a wide range of industries, including enterprise, smart cities, utilities, transportation, health, manufacturing, retail, agriculture and government agencies.

Source: Nokia





MICROLISE RECEIVES QUEEN’S AWARD FOR ENTERPRISE FROM LORD-LIEUTENANT OF NOTTINGHAMSHIRE AT SPECIAL CEREMONY

MICROLISE RECEIVES QUEEN’S AWARD FOR ENTERPRISE FROM LORD-LIEUTENANT OF NOTTINGHAMSHIRE AT SPECIAL CEREMONY

The ceremony took place today at Microlise’s global headquarters in Eastwood, in front of staff and special guests including the Chairman of Nottinghamshire County Council Cllr Sue Saddington, the Mayor of the Borough of Broxtowe Cllr Derek Burnett BEM and Eastwood Cllr Tony Harper.

Microlise, one of Europe’s largest telematics and transport management solutions providers, was named a winner in the annual Queen’s Award for Enterprise earlier this year. The awards are the UK’s most prestigious business awards, recognising and celebrating business excellence across the UK.

The accolade for International Trade has been awarded to Microlise for its outstanding results in exporting.

A major business objective over the last three years for Microlise has been to grow and sell directly to international customers. The company is achieving this via new offices established in France, India and Australia.

At the same time, Microlise is also working closely with existing domestic customers to help them to be more successful internationally. This has been achieved in a number of territories, for example delivering transport telematics services to Tesco in Thailand and JCB operating in more than 180 countries worldwide.

Microlise designs, develops and creates technology which captures data and creates compelling information about vehicle usage to aid with driver, journey and delivery management. These software and hardware products help fleets to reduce the cost and environmental impact of their fleet operations while helping transport service providers and retailers to deliver an excellent customer experience.

Speaking after the ceremony Nadeem said: “It has been an honour to have welcomed such esteemed guests to Microlise for the presentation. I would like to take this opportunity to thank the Microlise team for their efforts in helping us to realise strong international growth over the last three years. We’ve been able to double net profit in export markets in that time and continue to look to the future with optimism.”

An inaugural Queen’s Award winner, Microlise is a pioneer of logistics and telematics technology and has been delivering enterprise grade solutions to the road transport sector since 1999. The company works with two of Europe’s leading truck manufacturers, as well as Tata Motors in India and JCB.

About Microlise
Microlise telematics, journey management and proof of delivery products help its customers reduce costs and the environmental impact of their fleet operations. This is achieved by maximising vehicle utilisation, increasing operational efficiency and improving economy and safety; whilst helping to deliver the very best customer experience by providing real-time visibility of the fleet against schedule.

An award-winning privately owned business based in Nottingham in the UK, Microlise invests significantly in research and development annually to ensure its solutions continue to be underpinned by market-leading technology. In 2018 Microlise won the Queen’s Award for Enterprise – International Trade.

Orange strengthens its leadership in e-health with the acquisition of Enovacom

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Orange Business Services has signed an agreement for the acquisition of Enovacom, a leading player in e-health on behalf of Orange Healthcare, its health subsidiary. This acquisition project is a key element of Orange Healthcare’s strategy, which aims to be the main partner of the digital transformation of healthcare institutions and players in France and abroad.

Acquisition of a leading player in the healthcare market

Enovacom is a French software publisher, established in Marseille in 2002, whose business is dedicated to e-health. A leader in the sector and an expert in interoperability, Enovacom designed a software suite to facilitate the exchange, sharing and security of data between all players in the healthcare system. Its solutions are found in over 1 500 healthcare institutions in France and abroad. In particular, Enovacom software is used to manage and secure hospitals’ electronic exchanges with their various partners.

This acquisition is a key step in Orange Healthcare’s growth. Beyond its infrastructure and certified healthcare data hosting solutions, Orange Healthcare wants to develop innovative solutions that will enable healthcare players to communicate with each other and stay in contact with patients throughout their treatment. The digitalisation and streamlining of care is a major issue for the industry and it is for this reason that Orange Business Services chose to invest in Enovacom. Its neutral position enables it to interface with all players on the market.

Incorporating the skills of a healthcare publisher like Enovacom enables us to move up the value chain to offer more comprehensive e-heath solutions to our customers and in particular to hospitals. By acquiring such an innovative and effective player, we are strengthening our growth strategy in the healthcare market, especially under the Territorial Hospital Groups (Groupements Hospitaliers de Territoire) reform, which has made communication between hospitals and equipment interoperability a major issue,” says Thierry Bonhomme, Deputy CEO of the Orange Group, in charge of Orange Business Services.

By joining forces with Orange Healthcare, Enovacom’s customers will benefit from the Orange Group’s wide-ranging skills and capacity to innovate in cloud computing, communication infrastructure, security, connected objects and customer experience. I am overjoyed that through this deal, Enovacom will continue to grow with respect for and in the interest of its employees,” commented Laurent Frigara and Renaud Luparia, Chief Executives of Enovacom.

At the end of negotiations and subject to the usual suspensive conditions, Enovacom will become a subsidiary of Orange Business Services and will be operationally attached to Orange Healthcare, under the management of Elie Lobel. Laurent Frigara and Renaud Luparia will continue to play an active role in the development of the company as Deputy Chief Executives of Enovacom.

The closing of the operation is expected to be carried out in the coming weeks.

Source: Orange Business Services

 

Telent awarded Smart Highway contract

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Highway to the future.

Innovative service approach keeping the country’s traffic moving is about to get a whole lot smarter.

Congratulations from everyone at Co-Star to Telent for winning the Smart Higway contact.

Highways England has awarded a contract worth  nearly half a billion pounds to leading UK technology and network services company, telent Technology Services, to help keep England moving into the future.

Highways England today announced it has awarded the contract for the operation and management of NRTS (National Roads Telecommunication Services), a critical component of national infrastructure supporting the country’s 4,400 mile strategic road network, to telent Technology Services Ltd (telent).

The contract will see telent take over the current NRTS network and provide an end-to-end managed service from the 24-hour network operations centre at Quinton, Birmingham. Field services will transition from the current suppliers to telent, including current staff that will transfer under TUPE to join the telent team.

Additionally, telecommunications project works involving changes to and extensions of the network to support the government’s Road Investment Strategy, including telecommunications services supporting the rollout of smart motorways and expressways will transfer to telent.

From spring 2018, telent, together with its world class technology partners, will collaborate with Highways England to transform the NRTS network and roll-out innovative, world-class, carrier grade network technology, which will support the provision of new telecommunication services.  This will increase safety for road workers and users, help ensure that drivers and their passengers can travel with minimal delays, and facilitate the development of future communications-based services alongside the strategic road network.

telent CEO, Mark Plato, said: “This large, 7 year contract is an outstanding accomplishment. With telent’s proven capability designing, delivering and supporting England’s critical national infrastructure, we are uniquely positioned to support Highways England who we have had a relationship with for over 20 years.  We are excited to begin work transforming the NRTS network, ensuring we deliver a service that consistently upholds health and safety standards and delivers the required performance.

“Our technology innovation of NRTS will provide a world class, superfast network to support Highways England’s plans for upgrading the strategic road network.  The scale and capability of the transformed NRTS network will be on a par with all but the very largest ISPs’ networks, and this reflects telent’ proven track record of working with service providers to transform their networks.”

NRTS is used to connect Highways England’s seven regional control centres with over 30,000 roadside devices, including CCTV cameras, message signs, emergency roadside phones and smart motorway equipment. Today NRTS comprises approximately 6,000 miles of fibre and copper networks, 145 transmission stations and almost 5,000 roadside cabinets.

Highways England’s requirements for the new contract included effective service continuity and the ability to undertake a transformation programme without impacting on the service, whilst also reducing roadside maintenance activity. The upgraded programme will improve reliability, increase remote services, and support the introduction of new services such as wireless and IP CCTV.

Chief Information Officer at Highways England, Tony Malone said:

“We are pleased to announce the award of the second National Roads Telecommunications Service contract to telent Technology Services Ltd. With their proactive approach to innovation and collaboration, they will help Highways England deliver a service that will provide improvements in safety, customer service and delivery, as well as enable us to support emerging technologies such as connected vehicles and 5G.”

Source: Telent

Rakuten Japan’s answer to Amazon plans to build its own cell-phone network

Japan’s largest e-commerce company wants to shake up the country’s wireless market.

Rakuten (RKUNF) said in a statement Thursday that it’s working on plans to build its own mobile network, aiming to launch services in 2019 and eventually sign up at least 15 million subscribers.

It’s a bold move from a company that started out 20 years ago with just six employees. Rakuten is now a $14 billion internet giant that employs more than 14,000 people.

Like its U.S. counterpart, Amazon (AMZN), Rakuten is best known for its internet shopping portals. Run by its billionaire founder, Hiroshi Mikitani, it also has a hand in a variety of other services, including video streaming, messaging apps and payment services.

The announcement of its wireless ambitions comes at a time when many carriers around the world are trying to build up their digital content businesses in search of more revenue.

Verizon (VZ) recently bought Yahoo, and AT&T (T) is trying to buy Time Warner (TWX), the parent company of CNN. Meanwhile, one of Japan’s top wireless providers, SoftBank (SFTBF), is aggressively investing in internet and technology companies around the world.

Rakuten wants to go in the opposite direction.

It said moving into the wireless industry will give it “a new engine for further growth” and make it “one of the few companies in the world that can provide a comprehensive package of services” in e-commerce, internet finance, digital content and mobile communications.

Delivering beers by drone
Delivering beers by drone

But Rakuten will face some stiff challenges taking on SoftBank and the two other wireless carriers that dominate the Japanese market, NTT DoCoMo (DCM) and KDDI (KDDIF).

Those three companies are all several times the size of Rakuten, which will have to spend heavily to build out a network across Japan.

Related: SoftBank is the new kingmaker in tech

Rakuten on Thursday estimated it would have to borrow as much as 600 billion yen ($5.3 billion) in the coming years to pay for its plans.

Investors seemed unsettled by the announcement. Rakuten shares fell nearly 5% in Tokyo on Thursday.

An upstart fourth player could inject some competition into the Japanese market, which Rakuten described as “a coordinated oligopoly.”

The Japanese government and other critics have repeatedly slammed the big three carriers over skyrocketing prices, pressing them to offer cheaper plans.

Rakuten thinks it can make a difference if the government decides to give it a chunk of 4G frequencies.

“The group will be ideally positioned to provide affordable and easy-to-use mobile communications services, as well as maximize the benefits to consumers,” it said.

Rakuten already has some experience in the wireless industry. It launched Rakuten Mobile in 2014, but that involves renting capacity on DoCoMo’s network rather building its own.

Source: Sharisse Pham CNN

Microlise wins place on Sunday Times International Track 2017 league table

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Microlise has entered the Sunday Times HSBC International Track 200 league table in 47th position, confirming it as among the companies experiencing the fastest growth internationally in the UK.

Over the past two years Microlise has experienced 73% annual international sales growth, which now represent more than 10% of the companies total annual sales.

The eighth annual Sunday Times HSBC International Track 200 league table ranked Britain’s mid-market private companies with the fastest-growing international sales.

Alongside Microlise, there are 20 companies headquartered in the Midlands (compared to 17 last year) including 11 new entrants to the league table. Their international sales have grown by an average of 47% a year over the last two years to a total of £211m, and together they now employ more than 6,200 people.

Microlise appears with businesses from around Britain, including jewellery designer Monica Vinader, cycling gear manufacturer Rapha, and sandwich shop chain Pret. Past stars include drinks maker Fever-Tree and travel search engine Skyscanner.

The league table reflects the importance of Europe to Britain’s mid-market exporters ahead of the Brexit negotiations. Almost 85% of the companies (167) sell to the continent, the most popular market, followed by North America (112) and Asia (75).

Amanda Murphy, UK head of commercial banking at HSBC, commented: “This year’s Sunday Times HSBC International Track 200 is testament to the exciting opportunities available to ambitious UK businesses with appetite to grow their goods and services abroad. The 20 companies in the Midlands are putting the region firmly on the map as a thriving business hub.”

In April, Microlise was also listed in the The Sunday Times BDO Profit Track 100 league table in 62nd place, ranking it as one of Britain’s private companies with the fastest-growing profits over three years.

About Microlise

Microlise telematics, proof of delivery and journey management solutions help its customers reduce costs and the environmental impact of their fleet operations. This is achieved by maximising vehicle utilisation, increasing operational efficiency and improving economy and safety; whilst helping to deliver the very best customer experience by providing real-time visibility of the fleet against schedule.

A privately owned business based in Nottingham in the UK, Microlise invests significantly in research and development annually to ensure its solutions continue to be underpinned by market-leading technology. Microlise helps its customers to save more than £175m each year in fuel costs and reduce CO2 emissions by hundreds of thousands of metric tonnes.

Source: Microlise

 

Verizon to acquire Fleetmatics

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Fleetmatics Logo.  (PRNewsFoto/Fleetmatics Group PLC)

Transaction to accelerate Verizon’s position as a leading provider of fleet and mobile workforce management solutions

 

NEW YORK and DUBLIN – August 1, 2016 – Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Fleetmatics Group PLC (NYSE: FLTX) today announced they have entered into a definitive agreement under which Verizon will acquire Fleetmatics, a leading global provider of fleet and mobile workforce management solutions, for $60.00 per share in cash – representing a value of approximately $2.4 billion.

“Fleetmatics is a market leader in North America — and increasingly internationally — and they’ve developed a wide-range of compelling SaaS-based products and solutions for small- and medium-sized businesses,” said Andrés Irlando, CEO of Verizon Telematics.

“The powerful combination of products and services, software platforms, robust customer bases, domain expertise and experience, and talented and passionate teams among Fleetmatics, the recently-acquired Telogis, and Verizon Telematics will position the combined companies to become a leading provider of fleet and mobile workforce management solutions globally,” Irlando added.

“Verizon and Fleetmatics share a vision that the SaaS-based fleet management solution market is extraordinarily large, lightly penetrated, global and fragmented which can best be attacked together with a world class product offering and the largest distribution channel in the industry.”

Jim Travers, Chairman and CEO of Fleetmatics.

“Fleetmatics brings over 37,000 customers, approximately 737,000 subscribers, a broad portfolio of industry leading products, and a team of 1,200 professionals focused on solving the critical challenges of businesses that deploy mobile workforces. We are excited to partner with Verizon in fulfilling the mission of becoming the largest mobile workforce management company in the world,” Travers added.

In June, Verizon Telematics also announced the acquisition of Telogis, Inc., a global, cloud-based mobile enterprise management software company based in Aliso Viejo, Calif. That transaction closed on July 29.

With approximately 1,200 employees, Fleetmatics is headquartered in Dublin, Ireland, with North American headquarters in Waltham, Mass. The company’s Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, helping them to reduce operating costs, as well as increase revenue.

Verizon Telematics, a subsidiary of Verizon Communications, operates in more than 40 markets worldwide and offers comprehensive wireless, software and hardware solutions to consumers, enterprises, automakers and dealers to power connected-vehicle products around the world.

The acquisition is subject to customary regulatory approvals and closing conditions, including the approval of Fleetmatics’ shareholders and the sanction of the Irish scheme of arrangement by which Verizon will acquire Fleetmatics by the Irish High Court, and is expected to close in the fourth quarter of 2016.

Source: Verizon

Verizon Bolsters Connected Car Portfolio with Telogis Buy

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Verizon have announced it is set to acquire telematics company Telogis in a move meant to bolster its connected car business.

According to Verizon, Telogis will bring a “world-class software program and new distribution relationships” to the carrier’s Telematics subsidiary. Verizon said the acquisition would help boost its suite of connected vehicle solutions and help drive revenue growth for the company.

Verizon’s Telematics subsidiary currently offers a number of solutions for both consumers and enterprise, including Hum, a self-installed module that provides drivers with diagnostic information, roadside assistance and emergency assistance on demand.

Founded in 2001, Telogis brings with it a platform for connected intelligence that integrates location technology with information and services. The company has offices in California, Europe, Australia and Latin America, with development centers in Texas, Toronto and New Zealand. Telogis’ products and services are used and distributed in more than 100 countries worldwide. Telogis also has partnerships with car manufacturers like Ford, General Motors and Volvo, as well as big-name tech companies like Apple.

Telogis CEO David Cozzens said the deal will be mutually beneficial for the companies.

“Verizon provides the brand equity, strength in the market, broad infrastructure and expansive global reach to take Telogis to the next level,” Cozzens said. “This strategic acquisition positions our collective technologies and services uniquely in the market while also enabling Verizon Telematics’ industry-leading business to benefit from Telogis’ unmatched strength in the enterprise market, innovative Mobile Enterprise Management software platform and our strong OEM and ecosystem partnerships.”

The terms of the deal were not disclosed. The transaction is expected to close in the second half of this year.

In the first quarter 2016, connected car additions accounted for 32 percent of net device additions for U.S. operators, surpassing phone net additions which accounted for 31 percent, Chetan Sharma Consulting found. According to the report, AT&T added more connected cars than all other operators combined.

Source: Wireless Week