Telit Acquires ILS Technology
Telit Wireless Solutions has acquired ILS Technology LLC . ILST offers solutions to easily deploy and integrate M2M devices on cloud platform.
With ILST, Telit to expand the reach of its m2mAIR much deeper into Internet-side services where M2M adopters have been seeking better, more integrated solutions, particularly for on-boarding M2M assets to Cloud enabled IT infrastructures in low entry-cost, PaaS service models.
Telit to continue to offer ILST’s secureWISE and deviceWISE as separate solutions. Secure WISE enable delivering secure data exchange for large data volumes. Telit says the acquisition enables the rapid evolution of deviceWISE to a highly adept PaaS/SaaS-based Application Enablement Platform (AEP).
“The ILST acquisition provides Telit with access to additional value added services and customers, providing Telit with an even broader footprint in the M2M value chain,” said Oozi Cats, Chief Executive at Telit Wireless Solutions.“It opens up new opportunities to expand our service offerings to small & medium M2M customers worldwide, widening our market advantage. We see tremendous synergies between our hardware and connectivity offerings and the portfolio from ILST; and welcome the opportunity that this acquisition provides us to further strengthen and solidify our presence in the M2M market. “
“We are excited about the prospect of working with the Telit team to continue providing premier services to our customers and to expand our sales and customer base,” said Fred Yentz, President and CEO of ILST who stays at the helm under Telit ownership. “We look forward to continued growth and globalization of ILST under Telit leadership.”