LONDON – Truphone announces 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."