Aeris to Acquire IoT Business from Ericsson

Aeris Communications, a leading Internet of Things (IoT) solutions provider based in San Jose, California, and Ericsson (NASDAQ: ERIC) have signed an agreement for the transfer of Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses.

The combination of Aeris and Ericsson’s IoT platforms will connect over 100 million IoT devices worldwide, covering 190 countries, and provide IoT connectivity, software and solutions to thousands of enterprises. The new Aeris will be able to offer an extensive IoT technology stack, brought to the market through a strong ecosystem of channel partners, communications service providers (CSPs) and our direct sales organizations.

Åsa Tamsons, Head of Business Area Technologies & New Businesses at Ericsson, stated: "Aeris has been successful in extending its IoT solution offering beyond connectivity and has the right focus, assets, and capabilities to realize the full potential of Ericsson's IoT business and its strong market presence. Despite significant investments to address the fragmentation of the IoT market, Ericsson has only tapped into a limited part of the value chain, limiting the returns of such investments. The combined business will offer an unparalleled IoT platform for enterprises and new revenue streams for communication service providers, ultimately benefiting Ericsson's customers. Aeris is a good home for our IoT business."

With the cellular IoT market being a rather fragmented sector, a consolidation of two industry leading players is expected to accelerate the IoT market overall. IoT will be a fundamental and growing part of the 4G and 5G market.

Marc Jones, Chairman and CEO of Aeris, commented: “Building the best technology to support the success of our customers and driving innovation in the IoT space have always been at the forefront for Aeris. Our intelligent, software-defined IoT network and Ericsson’s leading connectivity management platform will provide the foundation to become a leading IoT technology stack in the industry. We look forward to bringing new, transformational IoT solutions and Ericsson’s IoT Accelerator and Connected Vehicle Cloud products to our customers.”

Aeris Communications provides businesses with intelligent IoT cellular connectivity, security, reliability, and support to simplify and streamline IoT programs at scale. The company addresses industries such as transport, automotive, energy, healthcare among others and has helped thousands of customers to deploy and manage their IoT programs end-to-end.