Movik Networks announced last week that it has been named to the annual Lead411 "Hottest Companies in Boston" list, designating it as one of the fastest growing technology companies of the year in Boston and surrounding areas. Lead411 researchers evaluated over 2100 companies, and found Movik to be amongst the "hottest," proven by their growth and financial stability in the marketplace.
Allot Communications Ltd., a leading supplier of service optimization and revenue generation solutions for fixed and mobile broadband service providers worldwide, announced Tuesday at LTE World Summit in Amsterdam, Netherlands, that its intelligent charging solution, Allot ChargeSmart, has been selected by a multinational mobile operator. The converged charging solution, which is built on Allot Service Gateway, will be deployed in nine countries, serving approximately 30 million subscribers.
Law firms Seeger Weiss LLP and Cohen Milstein Sellers & Toll PLLC announced Monday that the U.S. District Court of New Jersey has granted final approval to a proposed settlement of a consumer class action against telecom provider Vonage Holdings Corp. challenging the company's sales and marketing practices. The final settlement of In re Vonage Marketing and Sales Practice Litigation follows a fairness hearing on May 12, 2011. The settlement will likely provide dollar-for-dollar recovery to most settlement class members.
AT&T's proposed acquisition of T-Mobile USA Inc. for $39 billion still needs to clear regulatory hurdles, which leaves unanswered questions for the future. These questions deepened Monday when it was announced that RACO Wireless would remain the preferred M2M service provider for T-Mobile USA, and that John Horn, the national director of M2M for T-Mobile USA, would be leaving to serve as president at RACO Wireless, and bringing along most of his M2M staff.
AT&T will give Deutsche Telekom a break-up fee and benefits worth about $6 billion if regulators reject the proposed takeover of the German company's U.S. business, Deutsche Telekom said on Friday.
In March, when the $39 billion deal was disclosed, the companies said AT&T would pay the German group a record break-up fee of $3 billion, but they did not put a value on other parts of the agreement.
"$3 billion would flow directly in cash, but Deutsche Telekom would also receive spectrum and a national roaming agreement," a Deutsche Telekom spokesman said.
M2M (Machine to Machine) connections will be the catalyst for over $35 billion of service revenues across a diverse range of industry sectors by the end of 2016, finds a new report by Juniper Research.
Sectors identified by the report as having particular potential included: Consumer and commercial telematics; smart metering; Point of sale; Retail; Banking; Mobile health monitoring; Smart buildings and security.
Science Applications International Corporation (SAIC) announced Monday that it has acquired the transmission and distribution (T&D) engineering capabilities of Patrick Energy Services (PES), a provider of performance-based transmission and distribution power system solutions. The acquisition will enhance SAIC's energy and smart grid services portfolio, adding additional T&D engineering services to the company's existing capabilities in a growing market.
Secure M2M product and service provider Numerex Corp Monday announced the opening of its London office and a collaboration with Arkessa Limited, to foster Numerex's advance in the European M2M market. In a separate press release, last week Numerex announced its participation in various M2M standardization activities around TIA 2011, the US Telecommunications Industry Association's annual industry event, which will take place at the Gaylord Texan Hotel and Convention Center in Dallas, Texas, May 17-20, 2011. In particular, Dr. Jeffrey O.
The new telit2market magazine, the international M2M magazine from Telit Wireless Solutions, is now available to download from www.telit.com/ebook. The line-up of featured experts in this year's edition ranges from political organizations like the European Commission and the Korean Communications Commission to telco giants like China Telecom, Deutsche Telekom or Sprint Nextel and global consultants like Beecham Research or Booz & Co. Topics include the entire spectrum of the M2M world: the latest technology trends, current market reports and a multitude of colorful case studies.
Telenor Connexion, M2M service provider, Monday announced the expansion of its executive team in North America to meet the growing demand for M2M services in the region.