Aeris’ acquisition of Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses will help channel partners grow their IoT revenue streams, claims Åsa Tamsons, Head of Business Area Technologies & New Businesses at Ericsson.
Ericsson’s IoT Accelerator is currently used by 9,000-plus enterprises to manage over 95 million connected devices, boasts 22 million eSIM connections globally, and has 35 network operator partners connected to the platform.
Together, Aeris’ and Ericsson’s IoT platforms will connect over 100 million IoT devices worldwide, covering 190 countries.
Tamsons said: “Despite investments to address the fragmentation of the IoT market, Ericsson has only tapped into a limited part of the value chain, limiting the returns of such investments.”
Ericsson expects the deal to close in Q1 2023, including the transfer of its IoT employees to Aeris. It will acquire a minority stake in the company.
