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Technology Stocks : Sierra Wireless, Inc. (SWIR)

SWIR 30.99

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Jan 12 4:00 PM EST

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From: JakeStraw	5/8/2015 7:54:54 AM
	of 185

Sierra Wireless Expands Its Managed Connectivity Services Offering with Acquisition of Accel Networks finance.yahoo.com Sierra Wireless agrees to purchase Florida-based Accel Networks, a leading provider of 4G LTE managed connectivity service for distributed enterprises. “We are excited to join forces with our long-time partner Accel Networks as we see strong strategic alignment providing secure, managed connectivity solutions for the distributed enterprise, as well as for the broader Internet of Things,” said Jason Cohenour, President and CEO of Sierra Wireless. “With a proven managed connectivity service adopted by hundreds of enterprises in the U.S., the addition of Accel will accelerate our device-to-cloud strategy and add significant scale and capabilities to our services business.” Accel Networks provides primary and back-up connectivity services to more than 300 enterprise customers in sectors such as retail, finance, security, energy, and hospitality. With 4G LTE providing high connectivity speeds and legacy carriers transitioning away from copper-based networks, many enterprises are adopting wireless connectivity. Accel enables this migration without sacrificing reliability or performance. Accel’s managed connectivity service and wireless link optimization solution transforms a cellular link into an enterprise-class last-mile connection that equals or exceeds terrestrial broadband.

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