u-blox acquires Thingstream- a provider of IoT Communication-as-a-Service

u-blox is a Swiss company that creates wireless semiconductors and modules for consumer, automotive and industrial markets. They are one of the leaders and global supplier in wireless communication technologies. U-blox’s solutions help vehicles, people, and machinery ascertain their exact position and convey remotely over cellular and short range networks.

u-blox acquires Thingstream-

U-blox on 1^st April 2020 announced their acquisition of IoT Communication-as-a-Service provider, Thingstream.
Thingstream is a leading provider of IoT Communication-as-a-Service for the Internet of Things applications. Its intelligent Global Connectivity Platform provides low power, low cost, ubiquitous IoT connectivity via MQTT over GSM. Thingstream gives a thorough, end to end solution for worldwide IoT availability utilizing the business standard MQTT protocol.

Message Queuing Telemetry Transport (MQTT), has become an extensively used data transfer convention in the Internet of Things, alongside MQTT-SN, which is custom-made to the necessities of sensor networks. Intended for constrained conditions defined by low force and bandwidth necessities, MQTT transmits messages from one gadget to one or numerous others by means of an agent. To accomplish dependable machine to machine correspondence, clients can set the nature of service to the particular prerequisites of their applications. Thingstream's MQTT Anywhere service offers data transfers across 600+ telecom operators in 190 nations without requiring a cellular data plan by transmitting MQTT-SN messages over 2G, 3G, LTE, and LTE-M networks.

“The acquisition of Thingstream and its platform accelerates u-blox’s entry into a new dimension of our services business, the IoT Sphere, which will provide customers with a reliable, smart and secure solution to connect sensor data to their cloud enterprise,” said Thomas Seiler, CEO of u-blox. “Our customers can focus on scaling their business rather than the complexities of acquiring and establishing a connectivity platform and maintaining the data flow management.”

The acquisition Thingstream costed u-blox 10 million, plus coverage for some staff retention. The acquistion of Thingstream and its foundation will drive further force in u-blox's guide for delivering its clients the most hearty help offering in the market, exemplified by improved usefulness, secure availability and full lifetime support – to put it plainly, to make wireless communication and location simple.

The inclusion of Thingstream's high-performing group of 26 qualified staff will get many years of experience telecom services and IoT, expanding u-blox's enthusiastic groups in R&D and sales and marketing.

Source: u-blox