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Gemalto has acquired SensorLogic. Terms of the transaction, which was structured as an asset deal, were not disclosed.
Founded in 2002, with its main location in Plano, Texas, SensorLogic has developed a cloud-based, machine-to-machine (M2M) service delivery platform which allows customers to build, deploy and manage M2M solutions in a broad range of applications such as asset tracking, telematics and equipment monitoring and servicing. The SensorLogic “platform as a service” approach allows enterprises, mobile network operators, system integrators and service providers to bring services to market at a fraction of the cost of a traditional in-house development. By adding a well recognized application development platform to the Cinterion market leading range of M2M modules, MIM cards and MIM management capabilities, and Over-The-Air device management and security solutions, Gemalto has created a globally unique offering for M2M.
Commenting on the transaction, Oliver Piou, Gemalto Chief Executive Officer noted: “With M2M, we continue to replicate our successful business model. Starting from advanced software embedded in a device, we add remote management and then application support to provide superior performance and differentiation to our customers.” Norbert Muhrer, Cinterion’s CEO, added “SensorLogic is a perfect fit for our M2M business. With SensorLogic, we are taking complexity out of M2M deployments thus clearly adding value to our clients”.
Michael Campbell, CEO of SensorLogic, confirmed “I believe that the combination of Gemalto, Cinterion, and SensorLogic has no match in the market today. Serving both the mobile network operators and enterprise worlds, Gemalto through Cinterion will clearly take our platform to new levels.”
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Assuming they can hang on to the knowledge in the heads of the SensorLogic technical staff in Texas, this has the makings of a great deal for Gemalto/Cinterion that should put them in a good spot.