iGen Networks has agreed a takeover of asset-tracking player Nimbo it says is aimed at extending its leadership position in M2M markets.
The cloud-computing company plans to issue 2.5 million shares of its common stock to secure full ownership of Nimbo (Murrieta, CA, USA), and is aiming to close the deal by the end of this month.
Nimbo offers what it calls consumer-safety solutions for the automotive and power sport industries and claims to have more than 10,000 asset activations to date.
Satellite player Orbcomm and analytics specialist Savi have won a five-year US Department of Defense contract as the sole providers to the $204 million RFID-IV program.
Under the deal, the two companies will provide satellite and RFID tags as well as other sensor technologies using Orbcomm’s (Rochelle Park, NJ, USA) global communications network.
The technologies will allow government customers to monitor the location of their cargo and send real-time alerts if there is a security breach or other anomaly.
Satellite company SkyWave Mobile Communications has launched a new dual satellite-cellular HSPA device to support M2M services.
The company says the device’s functionality will allow customers to access the most cost-effective communications network without sacrificing coverage or connectivity to essential data.
The IDP 700 series terminals are designed to provide a “quick and smart way” to connect people and assets anywhere in the world, says SkyWave (Ottawa, Canada).
Systems integrator Logic PD and M2M specialist SeeControl have formed a partnership aimed at speeding up the development of Internet of Things (IoT) services.
Through the tie-up, SeeControl (Redwood City, CA, USA) will provide an IoT platform and associated integration methodology to support Logic PD’s (Minneapolis, MN, USA) Adrenaline series – a service designed to let customers test M2M concepts they intend to bring to market.
Software player Amdocs has become the latest member of the International M2M Council (IMC) – a trade group that defines its mission as proving there is a compelling business case for investing in M2M technologies.
The membership deal will see Yuval Mayron, the general manager for Amdocs (Chesterfield, MO, USA) Product Group, join the IMC’s board of governors.
US telecoms giant AT&T continues to set the pace in the connected-cars industry, having just announced a deal with Volvo to provide wireless connectivity services in vehicles sold in the US and Canadian markets.
The multi-year agreement will see AT&T (Dallas, TX, USA) equip Volvo’s (Gothenburg, Sweden) US 2015 model year with its Sensus Connect embedded infotainment service, while Volvo customers in the US and Canada will also have access to Volvo On Call – which allows car functions to be accessed remotely and also notifies emergency services in the event of a crash.
Square Inc has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash, the Wall Street Journal reported, citing people familiar with the matter.
The company spoke to Google Inc (Mountain View, CA, USA) earlier this year about a possible sale, the Journal reported, adding that it wasn't clear whether the talks are continuing.
Asset-tracking specialist Zebra Technologies has agreed a $3.45 billion takeover of Motorola’s enterprise business in a deal aimed at strengthening its portfolio of services for tracking internet-enabled devices.
Zebra (Lincolnshire, IL, USA) said it would fund the acquisition through $200 million of available cash on hand and $3.25 billion it will raise through a new credit facility and the issuance of debt securities.
Jasper Wireless has raised $50 million in a new round of financing led by Singapore’s Temasek.
The M2M platform provider says it will use the funding to expand its service, claiming that it now serves around 1,000 enterprise customers and has partnerships with 19 operators around the world.
“After nearly a decade partnering with enterprises and operators, we know one thing with absolute certainty: the Internet of Things is not about things, it is about service,” said Jahangir Mohammed, the founder and chief executive of Jasper (Mountain View, CA, USA).
Kore Wireless and Robustel Technologies have formed a partnership aimed at developing a new range of industrial M2M solutions.
Robustel (Guangzhou, China), which provides cellular and Wi-Fi gateways for M2M services, says the partnership with Kore (Alpharetta, GA, USA) – an MVNO – will allow it to include optional device connectivity for a range of products.
The companies plan to unveil an M2M Starter Kit combining their products later this month.