Indian software giant Wipro has made a $5 million investment in Axeda in exchange for a minority stake in the M2M platform provider, the size of which has not been disclosed.
The Indian firm says it wants to capitalize on the rapid growth in the M2M market and plans to develop new enterprise applications in partnership with Axeda (Foxboro, MA, USA).
Chipset and device leaders are lagging on development of the white space opportunity, even though it could provide a major spur to the M2M market.
The finding comes from new research published by Strategy Analytics, which urges Google (Mountain View, CA, USA) and Microsoft (Seattle, WA, USA) to recruit device and chipset giants to support their white space efforts.
White space spectrum comprises frequencies that are being freed up with the transition from old analog TV broadcasting to new digital systems.
Satellite company and M2M specialist Orbcomm is to expand its business in Africa after winning an important deal with South Africa’s Cartrack, which provides fleet-management and vehicle-tracking services across the continent.
Under the deal, Cartrack (Johannesburg, South Africa) is set to become Orbcomm’s first value-added reseller in the African transportation sector, distributing Orbcomm’s fleet-management solution through its growing brand and dealer network.
Energy company Alstom Grid is to work with chipmaker Intel on the development of technologies for smart grids and smart cities.
The two companies aim to focus on embedded intelligence and IT systems security in order to speed up the deployment of smart-grid infrastructure.
The deal is described as the fruit of three years of project collaboration.
Sprint Nextel Corp and Japan's SoftBank Corp have reached an agreement with U.S. authorities on the national security aspects of the Japanese firm's pending $20.1 billion deal to win control of the U.S. wireless carrier, people familiar with the matter said.
As a part of that agreement, the U.S. government will have a veto over new equipment purchases by Sprint in certain circumstances if the two companies merge, one source said.
Crest Financial, an investor in Clearwire Corp, said on Tuesday that the voting threshold for approval of Sprint Nextel Corp's purchase of Clearwire should exclude strategic investors such as Comcast Corp and Intel.
Sprint (Overland Park, KS, USA), Clearwire's majority owner, needs approval from more than 50 percent of Clearwire's minority shareholders in order to go ahead with its proposed $3.40-per-share purchase of the rest of Clearwire (Bellevue, WA, USA).
Cisco Systems Inc, the world's leading network equipment maker, will try to convince Europe's second highest court on Wednesday that it should overturn the EU's approval of Microsoft's purchase of Skype.
If Cisco (San Jose, CA, USA) wins the challenge at the Luxembourg-based general court, the European Commission would have to annul its decision, which allowed Microsoft (Seattle, WA, USA) to buy the Internet video and voice company without having to make any concessions.
Satellite TV provider Dish Network Corp and wireless network provider nTelos Holdings Corp said they would jointly develop a broadband service within nTelos's coverage territory serving parts of Virginia, Maryland and a few other states.
Dish (Meridian, CO, USA) has been trying to diversify beyond its core pay-TV business that has matured and faces tough competition from cable, telecom and Internet video providers.
SoftBank Corp would appoint a "security director" to Sprint Nextel Corp's board if its takeover bid succeeds and give the U.S. government right of approval on the appointment in hopes of easing national security concerns raised by the proposed deal.
Sprint (Overland Park, KS, USA) said in a filing with the U.S. Securities and Exchange Commission on May 1 that the new director appointed by Tokyo-based SoftBank would oversee public safety concerns related to Sprint's wireless and wireline operations.
It seems mobile network operators are constantly being urged to play a bigger M2M role than that of connectivity provider, but Telenor Connexion claims its focus on connectivity is helping it stay ahead of the competition.
The operator this week announced a new deal to provide connectivity services in Europe and Asia for Geotab, a North American fleet telematics specialist now expanding its service internationally.