03 October 2018, India:
Tata Communications has acquired mobility and Internet of Things (IoT) firm Teleena.
The acquisition is an investment in technology and talent to accelerate Tata Communications’ growth in the global mobility and Internet of Things market, the company said in a statement.
After acquisition, Teleena’s customers will transition to become Tata Communications’ customers, and all Teleena employees will become Tata Communications’ employees.
This acquisition follows Tata Communications’ investment in Teleena in January 2017, when the company became the single largest shareholder in Teleena with a 35% stake.
Teleena’s solution is a key part of the Tata Communications’ MOVE™ platform, which enables enterprises and device manufacturers to capture, move and manage information worldwide through borderless, secure and scalable connectivity. The acquisition is an investment in technology and talent to complement Tata Communications’ growth strategy in the global mobility and IoT market. It gives the company full access to Teleena’s technology portfolio, including its MVNE platform, its Operational Support System / Business Support System (OSS/BSS) solution, and the expertise of Teleena’s mobility and IoT industry specialists, the company said in a statement.
Anthony Bartolo, Chief Product Officer, Tata Communications, said, “The growth rate in the global mobility and IoT market is phenomenal: by 2021, enterprises’ spending on mobility alone is set to surpass USD 1.7 trillion.”
Anthony Bartolo added, “Our vision is to create an environment where anything can be ‘born connected’. Providing everyone and everything in the world with seamless connectivity globally will support businesses’ digital transformation. The combination of the Tata Communications MOVE™ platform, and Teleena’s technology and talent, will help us fulfil this vision, and accelerate our growth in the mobility and IoT market.”
Kim Bybjerg, CEO of Teleena, “I’m excited about this next stage on our 10-year journey, because just like Teleena, Tata Communications is fast-moving, ambitious and focused on innovation.”
Kim Bybjerg added, “I look forward to working with Anthony and his team to help Tata Communications’ customers make the most of the transformational potential of IoT and mobility, and support the company’s mission to become one of the leading players in this industry.”
(Image – Tata Communications)