Module maker Telit has reported soaring revenues and profits for the 2013 financial year thanks to strong demand for its expanding range of M2M services.
Net income shot up from $3.88 million in 2012 to $10.87 million in 2013, while revenues increased by 17.3%, to $243 million, over the same period.
Results were boosted by the takeover of cloud specialist ILS Technology (Boca Raton, FL, USA) in September, but also reflected organic growth in each of the EMEA, Americas and Asia-Pacific regions.
Deutsche Telekom is busy showing off its M2M expertise at this week’s CeBIT show in Hannover, Germany just days after unveiling plans for a restructuring of its IT business that will prioritize the sale of standardized M2M services, among other off-the-shelf IT products.
In a strategy update last week, chief executive Timotheus Hottges said the operator would also look to address opportunities in Germany’s small and medium-sized enterprise sector, with the aim of generating €600 million from the sale of IT products in this market between now and 2018.
Telit subsidiary ILS Technology is collaborating with SAP on integrating its M2M applications platform – branded deviceWISE M2M AEP – with HANA, the German software giant’s in-memory platform.
The development is aimed at opening up new opportunities in the area of big data and analytics, allowing companies to make improvements to the operations of their devices and machines.
M2M player Sierra Wireless has teamed up with India’s Tech Mahindra to provide what they claim will be a fully managed service for M2M customers in the energy, transportation, industrial and healthcare sectors.
The partnership will make use of Sierra’s (Richmond, Canada) device-to-cloud offerings as well as Tech Mahindra’s system integration and application development expertise.
Deutsche Telekom is launching a new cloud-based service allowing companies to manage and monitor M2M devices with greater ease.
The service appears aimed primarily at helping machinery operators to track the performance of their equipment – allowing sensor data to be processed using ERP or other systems.
Last year's revelations over the U.S. tapping of phone and internet data gave telecoms firms pause for thought over whether they should sell their "big data" for gain, but the commercial potential could prove irresistible.
Although figures are scarce, analysts think selling data on mobile users' locations, movements, and web browsing habits may grow into a multi billion-dollar market for the business.
AT&T and IBM have come together with the aim of developing new products and services for the fast-growing M2M market.
The operator and IT services player are to combine their capabilities in the areas of analytics, cloud computing and security to “gain more insights” on the data that is being generated by machines across a variety of industries.
This push into the area of big data is to focus initially on creating new solutions for city governments and midsize utilities, say the companies.
Telekom Austria has expanded its portfolio of M2M offerings with the launch of six new telematics products aimed at specific industry sectors.
The products have been developed in partnership with Austrian telematics player CEplus (Timelkam, Austria) and will allow customers to monitor equipment through the use of sensors and a cloud-based software platform.
M2M player Digi International is to support the rollout of new asset-tracking services for rail systems by long-standing partner OEM Technology Solutions.
Technology developed by OEM (Sydney, Australia) is used in more than 20,000 rail systems across 20 countries, but the company says that rail operators are still often faced with rail car downtime, leading to rising costs and falling revenues.
Aeris Communications maintained its M2M momentum with the launch of a new global service platform (GSP) aimed at helping mobile network operators to address the M2M opportunity.
The company is offering its GSP as a standalone service or part of a package and says it will allow operators to deploy M2M services without incurring the expense of developing purpose-built systems.