Wyless acquires majority stake in engineering firm ClearConnex

Wyless, a global Machine to Machine (M2M) managed services provider announced on Tuesday that it has completed the acquisition of a majority stake in ClearConnex Inc, a wireless M2M device engineering company .



Wyless, a global Machine to Machine (M2M) managed services provider announced on Tuesday that it has completed the acquisition of a majority stake in ClearConnex Inc, a wireless M2M device engineering company .


ClearConnex (Raleigh, N.C., USA) provides end-to-end engineering services including board level design, embedded software, project management, outsourced technical support and certification services.  ClearConnex also has a licensable device management software platform, ClearComm, which speeds the development of applications in many integrated platforms.  


The acquisition by Wyless (London) includes a strategic investment in ClearConnex in order to accelerate its market position in engineering services as well as the development and adoption of the ClearComm as a leading device management protocol.


 Ryan Rangel, who has run ClearConnex, since he founded the company four years ago, joins Wyless as VP of Engineering Services and will continue to run the day to day operations of the company as a subsidiary of Wyless.


 “Ryan will work with Wyless to promote Engineering Services through ClearConnex, to further develop ClearComm, integrating it with Porthos and to assist Wyless partners in getting to market faster,” said Dan McDuffie, CEO Wyless. “This is a natural next step that builds on the close working relationship that ClearConnex  has developed with Wyless and our joint customers over the past 18 months.“