Tata acquires Teleena to reduce IoT complexity
October 9, 2018
India-based infrastructure provider Tata Communications is acquiring Teleena, a Dutch IoT connectivity specialist and mobile virtual network enabler (MVNE). The company’s technology reduces the operational complexity and cost of mobility and IoT deployments for businesses.
Teleena’s product is a key part of Tata’s Move platform, which lets enterprises and device manufacturers capture, move and manage information worldwide through borderless, secure and scalable connectivity. The acquisition is an investment in technology and talent to complement Tata’s 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 and business support systems, and the expertise of Teleena’s mobility and IoT industry specialists.
Teleena’s customers will now transition to become Tata customers, and all Teleena employees will become Tata employees.
“The growth rate in the global mobility and IoT market is phenomenal,” said Anthony Bartolo (pictured), chief product officer for Tata Communications. “By 2021, enterprises’ spending on mobility alone is set to surpass US$1.7tn. 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.”
Since its launch in February 2017, the Move platform has been adopted by businesses worldwide to introduce a range of innovative mobile and IoT services. These businesses include children’s smartwatch makers Omate and Doki Technologies, mobile network virtual operators (MVNO) such as Singapore-based MyRepublic, and the smart logistics company W-Locate.
“I’m excited about this next stage on our ten-year journey because, just like Teleena, Tata Communications is fast-moving, ambitious and focused on innovation,” said Kim Bybjerg, CEO of Teleena. “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.”
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.