The acquisition is an investment in technology and talent to accelerate Tata Communications’ growth in the global mobility and Internet of Things market
London, UK – October 3rd, 2018 – Tata Communications, a leading global digital infrastructure provider, is acquiring Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE). The company’s technology reduces the operational complexity and cost of mobility and IoT deployments for businesses.
Teleena’s solution is a key part of the Tata Communications’ MOVE™ platform, which enables enterprises and device manufacturers to capture, move and manage information worldwide through borderless, secure and scalable connectivity. The acquisition is an investment in technology and talent to complement Tata Communications’ growth strategy in the global mobility and IoT market. It gives the company full access to Teleena’s technology portfolio, including its MVNE platform, its Operational Support System / Business Support System (OSS/BSS) solution, and the expertise of Teleena’s mobility and IoT industry specialists.
Teleena’s customers will now transition to become Tata Communications’ customers, and all Teleena employees will become Tata Communications’ employees.
“The growth rate in the global mobility and IoT market is phenomenal: by 2021, enterprises’ spending on mobility alone is set to surpass USD 1.7 trillion,” said Anthony Bartolo, Chief Product Officer, Tata Communications. “Our vision is to create an environment where anything can be ‘born connected’. Providing everyone and everything in the world with seamless connectivity globally will support businesses’ digital transformation. The combination of the Tata Communications MOVE™ platform and Teleena’s technology and talent will help us fulfill this vision, and accelerate our growth in the mobility and IoT market.”
Since its launch in February 2017, the Tata Communications MOVE™ platform has been adopted by businesses worldwide to introduce a range of innovative mobile and IoT services. These businesses include children’s smartwatch makers Omate and Doki Technologies, new mobile network virtual operators (MVNO) like Singapore-based MyRepublic, and the smart logistics company W-Locate.
“I’m excited about this next stage on our 10-year journey because just like Teleena, Tata Communications is fast-moving, ambitious and focused on innovation,” said Kim Bybjerg, CEO of Teleena. “I look forward to working with Anthony and his team to help Tata Communications’ customers make the most of the transformational potential of IoT and mobility, and support the company’s mission to become one of the leading players in this industry.”
This acquisition follows Tata Communications’ investment in Teleena in January 2017, when the company became the single largest shareholder in Teleena with a 35% stake.
About Tata Communications
Tata Communications Limited (CIN no: L64200MH1986PLC039266) along with its subsidiaries (Tata Communications) is a leading global provider of A New World of Communications™. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global network to deliver managed solutions to multi-national enterprises and communications service providers.
The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to more than 240 countries and territories across 500 PoPs.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services and leadership in global international voice communications. Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India. www.tatacommunications.com
Teleena is a global IoT and Mobility enabler based in the Netherlands, with regional offices in Serbia and Singapore. Founded in 2007, Teleena has helped many companies worldwide to achieve IoT and Mobile success by setting them free from the complex aspects of technology. Teleena does this by fully managing the operational side of a business, as well as by simplifying the technology. We help customers monetize their efforts while they grow their business. This way, they can focus on what matters the most: their core business and how they want to approach the market without any limitations.