PLATFORMS

Sequans to Expand 4G and 5G Partnership with Renesas

Sequans Communications | January 06, 2022

Sequans Communications S.A., a leading provider of cellular IoT chips and modules, announced today an expansion of its existing 4G/5G licensing agreements with Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, granting special rights to Renesas that strengthen the go-to-market opportunities for Sequans' LTE-M/NB-IoT Monarch 2 and Taurus 5G platforms. In particular, by building on Renesas' extensive sales, distribution and customer support capabilities, the deal allows Sequans to expand its serviceable addressable market to India.  Additionally, Renesas will take a small equity stake in Sequans, and Renesas' Executive Vice President and Head of IoT and Infrastructure business unit, Dr. Sailesh Chittipeddi, will be nominated for election to the Sequans board of directors at the June 2022 shareholder meeting. The combined value of the business agreements and the equity investment, which is expected to close by January 14, 2022 subject to customary closing conditions, is approximately $20 million.

These multi-year agreements are designed to allow Sequans and Renesas to achieve several mutually beneficial goals. First, the agreements provide better control of manufacturing and product cost, which is especially important given the current supply challenges. Second, the agreements reinforce the joint product offerings and expand market opportunities. Third, the equity stake and board seat facilitate management alignment to strengthen the partnership and make the joint business successful.

"We are pleased to further strengthen our relationship with Renesas with both the LTE-M/NB-IoT and 5G businesses, as well as the opportunity to add Dr. Chittipeddi to the Sequans board. The expanded agreements reinforce our sales strategy and provide access to numerous new opportunities with a unique competitive solution while allowing us to leverage Renesas' strong global brand and manufacturing advantages."

Georges Karam, CEO of Sequans

"Renesas values Sequans' comprehensive cellular IoT offering, which brings our global customers and us advanced 4G/5G IoT capabilities that can address the broadest scope of applications and develop new markets with unique needs," said Dr. Sailesh Chittipeddi. "Our deepening collaboration with Sequans enhances our global presence with best-in-class cellular IoT solutions."

About Sequans
Sequans Communications S.A. is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China. 

Spotlight

With global spending on the Internet of Things (IoT) forecast to reach the trillion dollar mark by 2022, clearly the IoT is here to stay. In the past few years, we have seen increasingly intelligent products, from smart medical implants that monitor our health to smart speakers that allow us to shop online. But IoT technology could be used for so much more. As silicon chips become increasingly capable of artificial intelligence and machine learning, we can envision a world where even the smallest, most inexpensive everyday items incorporate intelligence for the benefit of the end user.


Other News
THEORY AND STRATEGY

Facilio, Airmaster, and NEJAVI Announce Strategic Partnership to Accelerate IoT Digital Transformation in Property Operations

Facilio | April 19, 2022

Facilio, a leading global property operations software platform; Airmaster, an Australia-based award-winning building services company, and NEJAVI, a sales advisory and delivery service focusing on digital transformation and business process, today announced a strategic partnership. The partnership will help real estate portfolio owners and operators realize next-level operational savings, energy efficiency, and improved building performance. Leveraging the combined power of Facilio's unified cloud operations software platform, Airmaster's intelligent building products, and engineering services, and NEJAVI's experience in IoT service delivery, the partnership will accelerate smart building projects and solve portfolio-level IoT deployments without redundant site-level integrations. Joint customers are benefiting from immediate value across: Portfolio Monitoring and Visibility: focused on portfolio-level performance benchmarking, sustainability reporting, and operational savings via FDD & business intelligence capabilities. Enterprise O&M Efficiency: that goes beyond analytics to tie operations intelligence with automated real-time workflows including condition-based and predictive maintenance, conference & meeting room automation, occupants' apps and kiosk interfaces, customer self-service scheduling, and independent data layer capabilities Energy Optimization: to exceed sustainability goals and meet savings targets via cloud-based remote setpoint optimization, automated demand response, ramp up/ramp down the optimization, occupancy-based setback, etc. The partnership with Facilio was an obvious fit. It is the best of both worlds for our customers who will be able to use our intelligent/smart products and services to optimize the whole O&M lifecycle, energy performance, and customer experiences—within a single platform." Noel Courtney, CEO of Airmaster. "The NEJAVI team has always focused on strategies that help drive customer growth and the partnership with Facilio and Airmaster will further strengthen this offering and help customers effectively capitalize on IoT technology and solutions, linking technology, vendors and customers through a holistic business model," comments Matthew Smith, Managing Director of APAC, NEJAVI. "With a unique approach to property operations, a powerful technology stack, and strong industry experience, Facilio and Airmaster help us to develop winning IoT projects that meet the modern O&M needs of customers and enable a fully data-driven portfolio." We are committed to creating a seamless, smarter way to connected building operations as more and more customers embrace cloud-based portfolio performance management," added Prabhu Ramachandran, Founder & CEO, of Facilio. "By teaming up with proven ecosystem players, our customers can see multi-fold value by leveraging their existing supervisory controls infrastructure to deploy IoT-led high-performance portfolio operations with Facilio, Airmaster, and NEJAVI." About Airmaster Airmaster is an award-winning building services company, providing HVAC&R management, smart building solutions and fire services across Australia, New Zealand and South-East Asia. Founded in Melbourne in 1988 and with 14 branches across Australia and New Zealand, Airmaster's holistic approach to building management makes for a comprehensive range of service offerings. As a leader in the building services industry, Airmaster prides itself on delivering sustainable, cost effective and energy efficient products, services and solutions. As the built environment landscape changes, Airmaster has adapted, ensuring every service and solution offered aligns with best practice in building services management. About Nejavi NEJAVI is a sales advisory and delivery service focusing on digital transformation and business processes, powered by an extensive global ecosystem of suppliers and partners. Bridging the gap between the physical and digital world, IoT offers a huge opportunity for companies. We help clients effectively capitalize on IoT technology and solutions, linking technology, vendors, and customers through a holistic business model. About Facilio Facilio's AI-driven property operations platform allows real estate owners to aggregate building data, optimize performance, and control portfolio operations - all from one place. Customers in the commercial office, healthcare, retail, education, and other real estate categories across the world use Facilio to reduce operations costs, increase net asset value, and de-risk operational liability. Headquartered in New York City with offices in Dubai, Chennai, Singapore, and Sydney, Facilio is a global company backed by leading investors including Accel India, Tiger Global Management, Dragoneer Investment Group, and Brookfield Growth.

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PLATFORMS

Jacobs Acquires Mobility Analytics Leader StreetLight Data, Inc

Jacobs | February 08, 2022

Jacobs announced today it has acquired StreetLight Data, Inc. ("StreetLight"), a pioneer of mobility analytics who uses its vast data and machine learning resources to shed light on mobility, enabling users to solve complex transportation problems. The addition of StreetLight accelerates Jacobs' strategy in growing its end-to-end digital solutions portfolio and focus on ESG, while adding high growth, highly recurring revenue software businesses that offer tremendous value for its clients and the communities they serve. StreetLight applies proprietary processing technology to location data from millions of mobile devices, connected vehicles, IoT sensors and geospatial databases to measure multimodal travel patterns – and makes them available via its online SaaS (Software as a Service) solution StreetLight InSight®. Designed for smart cities and the transportation industry, the on-demand software provides industry-targeted analytic tools to support critical infrastructure planning, investment and policy decisions. "The past two years have accelerated structural changes to human mobility, infrastructure and supply chain planning, resulting in increased investments from governments and enterprises around the world. We're also experiencing a critical need for data-driven planning to meet carbon emissions goals, address energy transformation and advance social equity through infrastructure investment," said Jacobs Chair and CEO Steve Demetriou. "There is a global need for solutions that help us better understand the movement of people, goods and services while addressing broader societal challenges, and our acquisition of StreetLight solidifies our leadership in this fast-growing area." StreetLight's suite of powerful analytics enables all major transportation verticals to make vastly more informed investment decisions while measuring critical impacts. Delivering more than a modern alternative to traditional measurement methods with months of lead time and limited scope, the company's technology has enabled the industry to solve complex problems, such as planning EV networks ahead of future demand, recommending optimal traffic pattern improvements and helping to ensure equitable transportation access. "We chose Jacobs because they genuinely share our mission and recognize the importance of StreetLight's digital innovation in adapting their own core practices to the needs of an industry undergoing transformation. They have the global scale to rapidly accelerate client decision making at a pivotal time for infrastructure investment and its impact on climate and society." StreetLight CEO Laura Schewel StreetLight has a long track record of supporting transportation agencies at federal, state, regional and city levels, transportation engineering and consulting firms, and private companies spanning the new mobility, automotive, IoT and utility sectors. The company's metrics have informed transportation analyses across every state and province in North America. Demetriou continued, "We consistently seek to add value for our shareholders, create transformative solutions for our clients, and make a positive difference within our communities. Like Jacobs, StreetLight is purpose-driven and shares in our commitment to create a more connected, sustainable world." One of the growth accelerators in Jacobs' new strategy is centered on data solutions aligned to high growth markets with increasing margin profiles. Building on its strong foundation of existing technology and data capabilities, the company also recently acquired BlackLynx, an industry-leading edge computing, hybrid-cloud and collection automation technology provider serving the intelligence, defense and critical infrastructure sectors. Jacobs' portfolio of data and technology investments will be leveraged in tandem to create expanded market penetration, growth opportunities and solutions for its clients. About Jacobs At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. About StreetLight StreetLight is a pioneer in the use of Big Data analytics to help transportation professionals solve their biggest problems. Applying proprietary machine-learning algorithms to over four trillion spatial data points over time, StreetLight measures diverse travel patterns and makes them available on-demand via its SaaS platform for mobility, StreetLight InSight®. From identifying sources of congestion to optimizing new infrastructure to planning for autonomous vehicles to enhancing the location of outdoor advertising and business facilities, StreetLight powers more than 10,000 global projects every month.

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INVESTMENT AND BUSINESS

Nordic Capital Announces Strategic Investment in German IoT and Wearable Technology Disruptor ProGlove

Nordic Capital | May 09, 2022

Nordic Capital, a leading European private equity investor, has signed an agreement to become the majority owner of the German-based Industrial Internet of Things (“IoT”) company ProGlove. ProGlove is a disruptive technology leader for a smarter workforce. In close partnership with ProGlove’s management and founders, Nordic Capital will enable the company to accelerate its future growth plans, further expand its customer base and invest in product development. The financial terms of the transaction will not be disclosed. ProGlove is a technology leader that has been growing rapidly since its foundation in 2014. With over 250 employees in Munich, Chicago and Belgrade, it serves numerous customers in retail and e-commerce, logistics and warehousing, manufacturing and automotive across more than 30 countries. Among them are renowned global brands such as Mercedes Benz, VW, BMW, DHL, XPO Logistics, GAP and Staples. The company provides integrated hardware and software solutions that are built around wearable barcode scanners with multiple IoT sensors allowing for hands-free data capture. This combination of German engineering and industry analytics software caters to the growing demand for digitalization across industries. ProGlove’s technology helps improve worker well-being, increase productivity and optimize efficiency. ProGlove’s market provides excellent opportunities to address increasing logistical complexity, the demand for accelerated digitalization and the need for ergonomic and efficient workflows in the wake of the global labor shortage. Nordic Capital will actively support ProGlove with its deep understanding of Industrial IoT, its strong network and significant experience from SaaS business models. Andreas König, CEO of ProGlove says: “This opportunity to work with Nordic Capital is instrumental for ProGlove to help us gain further momentum on our growth path. Building on Nordic Capital’s tremendous expertise in Industrial IoT and SaaS, we will be in a very strong position to achieve our full potential. We are extremely excited about taking our business to the next level, both in terms of growth as well as innovation.” “The ProGlove team has built an outstanding business with a strong track-record of high-quality growth. ProGlove is a technology leader with strong competitive differentiation and a unique customer value proposition to enable smooth human-machine collaboration. Nordic Capital is looking forward to writing the next chapter together with the company’s strong management team,” says Andreas Näsvik, Partner and Head of Industrial & Business Services, Nordic Capital Advisors. “I’m delighted to have Nordic Capital on board. Its partnership approach and deep sector expertise will give ProGlove additional firepower to further invest in people and technology. The acquisition by Nordic Capital undoubtedly proves the strength of ProGlove and the tremendous opportunities that lie ahead,” says Thomas Kirchner, co-founder of ProGlove. ProGlove is a very exciting company and a perfect first investment in the Industrial & Business Services sector for Nordic Capital in the German speaking part of Europe, broadening the sector footprint. Nordic Capital looks forward to working in partnership with the business to further strengthen ProGlove’s great team of engineers and software developers and to continue the exciting trajectory the company is on, Rainer Lenhard, Partner, Nordic Capital Advisors, Germany. Nordic Capital has continuously built its business over the past 15 years in the German speaking part of Europe and has become one of the most active investors, with seven companies from its focus sectors in its current portfolio. With a long history of investing in the Industrial & Business Services sector in the Nordic region, Nordic Capital’s portfolio today includes companies like Sortera, an environmental services company focused on recycling and waste solutions; iLOQ, a provider of self-powered and mobile access management systems; Consilium Safety Group, a producer of safety technologies for the marine, oil and gas, transport and building sectors; and recently listed Cary Group, a leading vehicle glass repair and replacement provider offering sustainable car care solutions. About ProGlove ProGlove is a World Economic Forum Technology Pioneer and builds the smallest, lightest, and toughest barcode scanners in the world. ProGlove’s industrial wearables connect the shopfloor worker to the Internet of Things. The wearables combined with ProGlove’s industry analytics software platform promote human-machine collaboration and drive the digitization across the shopfloor. ProGlove’s customers include some of the most iconic global industrial brands, pioneers and innovators in manufacturing and production, logistics and warehousing, retail and e-commerce, and post and parcel. About Nordic Capital Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 19 billion in over 120 investments. The most recent entities are Nordic Capital X with EUR 6.1 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea.

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INDUSTRIAL IOT

Omnispace and Lacuna Announce Collaboration to Deliver Global LoRaWAN® IoT Service

Omnispace | March 10, 2022

Omnispace, the company reinventing mobile communications, today announced an agreement with Lacuna Space to collaborate on the distribution of a ground-breaking internet of things (IoT) service. The collaboration will enable the commercial launch of a first-of-its-kind, global, open standards-based IoT network. The service will employ the LoRaWAN® protocol to support direct-to-satellite communications for a broad range of IoT devices. The protocol will utilize the LR-FHSS technology -- specifically designed for high-capacity IoT networks -- with on-orbit operation validated by Lacuna through several years of non-geostationary satellite testing and optimization. Leveraging Omnispace's licensed, 2GHz S-band spectrum rights, and integrating Omnispace and Lacuna infrastructure, the service will allow devices to connect seamlessly between existing terrestrial networks and previously un-connected regions around the globe. "Omnispace is reimagining mobile communications for users by employing standards-based solutions to deliver global, real-time connectivity," said Ram Viswanathan, president and CEO for Omnispace. "We're pleased to be working with Lacuna to introduce this new enterprise-class service, which is part of our broader vision to deliver seamless terrestrial and satellite communications." We are happy to announce this agreement with Omnispace which accelerates getting our technology to market and enables us to start delivering our IoT services around the globe. Our customers will be able to access Lacuna's IoT service directly from inexpensive, battery-powered LoRa® devices to extend connectivity to even the most remote areas of the world." Rob Spurrett, CEO of Lacuna This joint Omnispace and Lacuna effort will begin serving customers and distribution partners in Q3 2022, powering asset tracking, fleet management and data collection across industries globally. The two companies will leverage the LoRaWAN standard that is capable of bridging terrestrial networks with worldwide satellite coverage to offer low power ubiquitous connectivity. The initial set of Lacuna sensors are smaller than the palm of a hand and can connect over satellite for several years off a single battery charge, providing customers with affordable and simplified communications. About Omnispace, LLC Headquartered in the Washington D.C. area, and founded by veteran telecommunications and satellite industry executives, Omnispace is redefining mobile connectivity for the 21st century. By leveraging 5G technologies, the company is combining the global footprint of a non-geostationary satellite constellation with the mobile networks of the world's leading telecom companies to bring an interoperable "one network" connectivity to users and IoT devices anywhere on the globe.

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Spotlight

With global spending on the Internet of Things (IoT) forecast to reach the trillion dollar mark by 2022, clearly the IoT is here to stay. In the past few years, we have seen increasingly intelligent products, from smart medical implants that monitor our health to smart speakers that allow us to shop online. But IoT technology could be used for so much more. As silicon chips become increasingly capable of artificial intelligence and machine learning, we can envision a world where even the smallest, most inexpensive everyday items incorporate intelligence for the benefit of the end user.

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