Wireless Logic has acquired Zipit Wireless. This is a big move to expand its global reach. The deal also enhances Wireless Logic’s services. It is their first acquisition of a US-based company. This reinforces their goal to be a top player in international markets.
Zipit Wireless is a multi-carrier IoT connectivity provider known for its innovative subscription billing and management solutions. Based in South Carolina, the company has a strong reputation for customer support in the US and Canada, serving sectors like agriculture and security.
A key asset is Zipit’s flexible billing platform. It has generated over $45 million for customers. Zipit’s subsidiary, Mtrex Networks, is also part of the deal. Mtrex specializes in global connectivity for the point-of-sale market.
Enhanced Connectivity and Billing Capabilities
The integration of Zipit’s platform into the Wireless Logic Group creates a major strategic advantage. Zipit has strong relationships with major carriers. These include Verizon, AT&T, and Rogers. The relationships provide a powerful foundation for global connectivity. This covers technologies like NB-IoT, LTE-M, and 5G.
By adding Zipit’s platform, Wireless Logic can now offer businesses greater control over their services. The solution simplifies complex commercial relationships and provides automated billing, giving companies the flexibility to package and bill their IoT offerings with greater ease. This is particularly beneficial for B2B2C and multi-tiered IoT models, where managing intricate billing chains is a critical challenge.
“Becoming part of the Wireless Logic Group is a major milestone and the natural next step in our growth,” said Frank Greer, CEO at Zipit Wireless. “Access to Wireless Logic’s global footprint and broader service portfolio means we can offer more choice, coverage and capability – while staying true to the hands-on support our customers rely on. We’re excited about what’s ahead.”
A Strategic Fit for Future Growth
Wireless Logic’s co-founder and CEO, Oliver Tucker, shared his enthusiasm for the acquisition. “Zipit’s deep understanding of the North American market and its expertise in complex commercial models make it a welcome addition to the group,” he said. “We’re delighted to have the team onboard and look forward to the opportunities this creates for our customers and partners.”
This acquisition is the latest in a series of strategic moves by Wireless Logic to drive growth and innovation, following recent deals for Arqia, Webbing, and Blue Wireless. By bringing Zipit’s advanced IoT connectivity solutions into its portfolio, Wireless Logic is poised to deliver a more comprehensive and powerful suite of services to a global customer base.
Source: This post is based on information originally reported by IoT Business News. You can read the original article here: Wireless Logic Acquires Zipit Wireless
FAQs
Find answers to common questions below.
What does the acquisition of Zipit Wireless mean for existing customers?
The acquisition is expected to bring significant benefits to existing Zipit Wireless customers. While they will continue to receive the same high-level, hands-on support they rely on, they will now also gain access to Wireless Logic's broader global footprint and expanded service portfolio.
How does this deal benefit Wireless Logic's global strategy?
This acquisition is a major step in Wireless Logic's strategy to expand its global reach. By acquiring a US-based company, Wireless Logic gains a crucial presence and deep local expertise in the North American market, adding valuable partnerships and advanced billing capabilities to its existing services.
What specific new capabilities does Zipit's platform bring to Wireless Logic?
Zipit Wireless brings a unique, white-labeled subscription billing platform that is particularly effective for managing complex commercial relationships and multi-tiered IoT models. It also adds strong carrier relationships with Verizon, AT&T, and Rogers, expanding connectivity options for customers.
What is a "white-labelled billing platform"?
A white-labelled billing platform is a service that allows a company (in this case, an OEM) to use Zipit's advanced billing system under its own brand name. This reduces commercial complexity and gives businesses greater control over how they package, sell, and bill for their services.
