Feb. 1, 2017:
Telit acquires GainSpan to extend end-to-end IoT solutions reach
Telit, a global enabler of the Internet of Things (IoT), today announced that it has agreed to acquire Silicon Valley-based GainSpan Corporation. The acquisition positions Telit to expand its complete end-to-end IoT solutions portfolio and address the growing market of battery-powered devices that rely on Wi-Fi and other low-power technologies. Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement. The company offers the industry’s broadest portfolio of integrated products and services for end-to-end IoT deployments – including cellular communication modules in all technologies, GNSS, short-to-long range wireless modules, IoT connectivity plans and IoT platform services.