Mondicon Announces Acquisition of IoT PaaS Provider Simfony

In a recent announcement, Mondicon has announced that it has acquired IoT PaaS Simfony. All assets including all intellectual property rights, customers, suppliers and employees are transferred to a new Dutch entity named Simfony B.V. The financial terms of the deal were not disclosed. Joachim de Wild, co-owner of Mondicon, will become CEO of Simfony, and Stefan Anghel (formerly Product Architect at Simfony) will join the management board as CTO. Simfony will keep operating under the same brand name, enabling mobile operators and other communication providers to efficiently serve their customer base with comprehensive connectivity management services, allowing them to benefit from an ever-growing IoT market. The company will keep its Bucharest office, where the team of developers and consultants operates. All commercial and service activities will be managed from the Dutch headquarters which is based near Schiphol Amsterdam. The organisation also holds an office in Santa Monica, USA and is planning to open a new office in the South of Europe next month.