Square Inc has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash, the Wall Street Journal reported, citing people familiar with the matter.
The company spoke to Google Inc (Mountain View, CA, USA) earlier this year about a possible sale, the Journal reported, adding that it wasn't clear whether the talks are continuing.
Asset-tracking specialist Zebra Technologies has agreed a $3.45 billion takeover of Motorola’s enterprise business in a deal aimed at strengthening its portfolio of services for tracking internet-enabled devices.
Zebra (Lincolnshire, IL, USA) said it would fund the acquisition through $200 million of available cash on hand and $3.25 billion it will raise through a new credit facility and the issuance of debt securities.
Jasper Wireless has raised $50 million in a new round of financing led by Singapore’s Temasek.
The M2M platform provider says it will use the funding to expand its service, claiming that it now serves around 1,000 enterprise customers and has partnerships with 19 operators around the world.
“After nearly a decade partnering with enterprises and operators, we know one thing with absolute certainty: the Internet of Things is not about things, it is about service,” said Jahangir Mohammed, the founder and chief executive of Jasper (Mountain View, CA, USA).
Kore Wireless and Robustel Technologies have formed a partnership aimed at developing a new range of industrial M2M solutions.
Robustel (Guangzhou, China), which provides cellular and Wi-Fi gateways for M2M services, says the partnership with Kore (Alpharetta, GA, USA) – an MVNO – will allow it to include optional device connectivity for a range of products.
The companies plan to unveil an M2M Starter Kit combining their products later this month.
Recominte and Telit have developed a new portable device capable of tracking luggage during transit.
The Brazilian company – which describes itself as a leader in the aeronautic industry – is using modules supplied by UK-headquartered Telit (London) in the so-called Tracer Tag device.
It says the technology is aimed at addressing a growing issue for airlines and their passengers, with delayed and lost luggage costing the airline industry more than $2 billion last year alone.
DigitalRoute and MetraTech have teamed up to help communications service providers with the monetization of next-generation services, including M2M and Intenet of Things (IoT) applications delivered over LTE networks.
The companies say they are already providing cloud-based metering, charging and billing services to a North America tier-one customer and aim to expand their offerings for other players as technologies like software-defined networking (SDN) and network functions virtualization (NFV) gain traction.
Schindler Elevators has revealed it is using M2M technology from Swisscom to support maintenance and emergency call management in Switzerland.
“With M2M we can monitor emergency calls as well as data traffic in real time, and offer customers a one-stop solution for everything from commissioning to elevator maintenance", says Martin Huonder, the head of product management modernization at Schindler Elevators (Ebikon, Switzerland), which claims that a billion people worldwide use its elevators on a daily basis.
Raco Wireless has teamed up with hardware player Queclink to provide an all-in-one M2M service for companies in the fleet and asset management industries.
The two M2M players say they can together provide everything customers need, from the SIM cards and development kits to the connectivity service courtesy of Raco’s (Cincinnati, OH, USA) deals with network operators around the world.
They argue their bundled service will help solutions providers launch products and services more quickly and easily, bringing together all the essentials needed for an M2M deployment.
Telefonica has signed a deal with JCDecaux that will see the Spanish telecoms operator develop new M2M products and services for the outdoor advertising company, from digital screens to self-service bicycle stations.
The agreement covers markets in Europe and South America and is designed to help JCDecaux (Neuilly-sur-Seine, France) offer a more sophisticated range of advertising services to its clients.
The UK’s Plastic Logic has formed a partnership with US-headquartered Solvay Specialty Polymers aimed at developing low-power flexible electronics for sensors, mobile displays and wearable devices.
The two companies say they have committed to a joint development program that will demonstrate and industrialize low-power variants of such devices within two years.
Plastic Logic (Cambridge, UK) is regarded as a leader in the development of organic thin-film transistors, while Solvay (Alpharetta, GA, USA) produces high-performance polymers.