Sierra Wireless buys Wireless Maingate for $90M
With 500 customers and more than 500,000 devices across Europe, Maingate “has a strong base of top-tier M2M customers and a proven technology platform that we believe will enable market expansion and accelerated services growth through our channels,” Sierra CEO Jason Cohenour said at the time.
Maingate was actually split into two separate companies: Sierra acquired the M2M connectivity side, while Maingate’s data management services continue as an independent business. Sierra’s expertise is in 2G, 3G and 4G mobile connections and data management cloud services.
Since selling off its mobile broadband AirCard business to Netgear for $138 million in 2013, Sierra has focused exclusively on device connectivity for the IoT and acquisitions have played a big role in its strategy. In October 2013 Sierra bought AnyDATA’s embedded M2M module and modem business for $6 million. Last March, it spent $21 million to buy In Motion Technologies, which specialized in wireless connectivity for vehicle fleets and enterprise-scale deployments.
Related: IoT Investments