The acquisition extends international mobile network solutions to the Internet of Things market.
Truphone, the world's first global mobile network, today announced the acquisition of the Internet of Things Connectivity Management Platform from CoSwitched, an Internet of Things specialist start-up providing a management platform for connected machines, such as connected cars, asset trackers or smart meters. The acquisition will allow Truphone to address the demand from international businesses to have one high quality, reliable solutions provider across multiple countries.
Truphone selected CoSwitched based on their high quality platform with its extensive set of capabilities, high degree of flexibility and scalability. The ability to respond to customer needs efficiently and rapidly is a critical success factor in this market. Combined with Truphone's global reach this will deliver significant market advantage.
Steve Robertson, CEO of Truphone said: "We are delighted that CoSwitched is joining us. Through this acquisition we'll be able to apply our core product benefits to the Internet of Things ecosystems and address the demand of international customers for a consolidated proposition across multiple markets. Our unique product set and high quality connectivity, supported by our global network and partner positions enable us to exploit the significant opportunities in this space."
Bruno Duarte, Co-founder and CEO of CoSwitched said: "Truphone shares our vision of seamless machine connectivity to the Internet, anywhere in the world. We are very excited to join forces. With Truphone's presence and network we will further increase the value we bring to our customers and will significantly extend both our geographical and market reach.
Truphone is the world's first global mobile network, using unique technology and patented innovations to create a seamless global plane. Truphone provides its customers with a single device (SIM) with multiple international numbers, with plans offering extensive, in-bundle packages of minutes, text and data across 66 countries, as well as connected coverage in over 200 countries. Truphone's unique network proactively monitors network performance, delivering a consistent international mobile experience.
Thousands of customers including FTSE 100 and Fortune 500 companies, as well as eight of the world's ten largest banks enjoy Truphone's innovative, tailored services and 24/7 global, multi-language support.
Headquartered in London, Truphone has 10 offices across 4 continents and continues to expand globally.
To learn more, visit www.truphone.com
CoSwitched, a fast growing start-up created in 2014, built an industry-leading cloud M2M/IoT Connectivity Management Platform and has been doing extensive agreements with mobile partners and selling the platform to other mobile operators enabling them with Machine to Machine (M2M) and Internet of Things (IoT) capabilities.
To learn more, visit www.coswitched.com.