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Technology Stocks : Sierra Wireless, Inc. (SWIR)
SWIR 30.990.0%Jan 12 4:00 PM EST
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From: JakeStraw8/3/2017 12:24:30 PM
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Sierra Wireless will acquire Numerex to accelerate Device-to-Cloud strategy and scale recurring revenue from IoT services
markets.siliconinvestor.com.

Transaction Benefits

The acquisition of Numerex accelerates Sierra Wireless’ IoT device-to-cloud strategy:

Scales Sierra Wireless’ subscription-based recurring revenue from IoT services;
Significantly bolsters Sierra Wireless’ position in the global IoT market;
Expands Sierra Wireless’ sales capacity with an experienced team and channel;
Strong fit with Sierra Wireless organization and operating model goals; and
Strategically diversifies Sierra Wireless’ services business and revenue mix.
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