Sierra Wireless Acquires Fellow Vancouver Company, In Motion Technology, for $21 Million

Posted by Techvibes NewsDesk

Sierra Wireless has acquired Vancouver's In Motion Technology for $21 million in cash.

The deal, which is expected to close in March, will see the companies' complementary product portfolios together provide a broad choice of device-to-cloud solutions for enterprise customers, from simple gateways to full featured mobile routers, as well as a suite of cloud services and applications.

“In Motion will strengthen our leadership position in M2M and broaden our Enterprise Solutions portfolio,” said Jason Cohenour, President and CEO of Sierra Wireless, which is also headquartered in Vancouver. “The Sierra Wireless and In Motion businesses are highly complementary, and together will hold a unique competitive position."

"We will have the products, channels, and technology needed to offer the most comprehensive suite of solutions to our customers and expand our market share in high growth, high value markets such as public safety and commercial fleets," he added.

“We are experiencing unprecedented growth in the market for mobile enterprise solutions, and joining forces with the clear industry leader will enable the combined organization to capture a greater share of the opportunity,” noted Dean Rockwell, CEO of In Motion Technology.

“We are excited to join the Sierra Wireless team and we look forward to being able to deliver even greater value to our customers with the expansion of our solutions offering and global footprint," he added.

During 2013, In Motion generated $15 million with a gross margin of 50%.

Company:
Sierra Wireless
Website:
http://www.sierrawireless.com
Location:
Vancouver, British Columbia, Canada

Sierra Wireless modems and software connect people all over the world with mobile broadband networks that keep them in touch, informed, and productive from wherever they need to be. In this global, high growth industry, Sierra Wireless aims to be a leader in wireless solutions by being cost effective, innovative and responsive to customers. Founded in 1993, Sierra Wireless’s technical expertise has enabled the... more

Company:
In Motion Technology
Website:
http://www.inmotiontechnology.com
Location:
New Westminster, British Columbia, Canada

In Motion Technology is the leader in mobile enterprise networks that provide customers with fleets in mission critical environments with a secure, managed end-to-end communications system. The company’s solution includes a powerful management platform, an application suite designed to improve situational awareness, industry leading mobile-optimized security and a rugged in-vehicle mobile router. In Motion’s... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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