Telular Corporation (Chicago, Ill., U.S.A.), a wireless M2M provider, last week announced the acquisition of SkyBitz, Inc. (Sterling, Va., U.S.A.), a provider of asset tracking equipment, for $42 million. The deal is comprised of $35 million in cash and $7 million in shares of common stock.
Axeda Corporation (Foxboro, Mass., U.S.A.), a cloud platform provider for M2M and connected devices, and ClearConnex (Raleigh, N.C., U.S.A.),a company providing products and engineering services targeted at M2M and wireless devices, announced an alliance to streamline the building and delivery of wireless M2M products.
A new study released by Northeast Group, LLC (Washington D.C.) has identified 25 emerging market countries that are positioned for the next wave of smart grid activity over the coming decade. These countries will represent a smart metering market alone of at least $27 billion and could reach $49 billion by 2020.
Telit Wireless Solutions (Raleigh, N.C., U.S.A.), the North American M2M technology arm of Telit Communications, announced on Wednesday that two of its 3G M2M modules have been certified on the AT&T (Dallas, Texas, U.S.A.) network.
The M2M Zone has just released the agenda for the only on-site M2M conference at the CeBIT 2012 trade show in Hannover, Germany, which is expecting 350,000 attendees. The conference, which will be held in the CeBIT Life Section of the show, will take place on Thursday, March 8th, beginning with a keynote address from well-known industry analyst Robin Duke-Woolley discussing the current state of the M2M ecosystem.
Qualcomm Incorporated (San Diego, Calif., U.S.A.) announced on Monday the formation of a wholly owned medical device subsidiary, Qualcomm Life Inc., which aims to connect medical devices wirelessly via cloud-based services so biometric information is accessible by device users and health care providers.
German electronics giant Siemens (Munich, Germany) announced on Monday the acquisition of eMeter Corportation (San Mateo, Calif., U.D.A.), a startup company focusing on smart grid technologies for utilities such as power and water. eMeter received a total of $68.8 million over six rounds of institutional funding. JP Morgan advised eMeter in the acquisition, which is expected to close this month.
Last week, Trilliant (Redwood City, Calif., U.S.A.), a smart grid equipment provider, announced it has launched an Interoperability Group that unifies multiple home energy management devices within a single eco-system. The formation of the group aims to help consumers cut their energy bills by up to 10% by installing smart meters.
Digi International (Minnetonka, Minn., U.S.A.), a wireless M2M device provider, on Tuesday released the iDigi Telehealth Application Kit - a development kit that allows customers to create cloud-connected medical devices.
Prova Systems (Carbondale, Pa., U.S.A.) a developer of wireless On-Board diagnostic systems, recently announced the availability of a fleet management system for small businesses, local governments and consumers.