Ericsson completes transfer of IoT business to Aeris
By MYBRANDBOOK
Ericsson has confirmed the finalization of the transfer of its IoT Accelerator and Connected Vehicle Cloud businesses, along with their associated assets, to Aeris. Ericsson has also obtained a minor share in Aeris as part of the agreement. Aeris will integrate the Ericsson IoT and Connected Vehicle businesses to create the new Aeris. With this transfer, Ericsson has created a leader in the fragmented IoT market.
Bridge Alliance, one of Aeris' new global partners, said it looks forward to working with Aeris and leveraging its extended IoT portfolio and industry offerings to bring value-added service to enterprise customers through alliance members.
Ericsson and Aeris Communications signed an Agreement to transfer Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses in December 2022. Aeris is a leading Internet of Things (IoT) solutions provider based in San Jose, California. Ericsson IoT Accelerator is used by over 9,000 enterprises to manage more than 95 million connected devices with 22 million eSIM connections globally.
In addition, Aeris's and Ericsson's IoT platforms will connect over 100 million IoT devices worldwide, covering 190 countries.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : NIKHIL RATHI
Co-founder & CEO of Web Werks, a global leader in Data Centers and Clo...
Icons Of India : Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla recently made a comeb...
Icons Of India : Arundhati Bhattacharya
Arundhati Bhattacharya serves as the Chairperson and CEO of Salesforce...
UIDAI - Unique Identification Authority of India
UIDAI and the Aadhaar system represent a significant milestone in Indi...
IOCL - Indian Oil Corporation Ltd.
IOCL is India’s largest oil refining and marketing company ...
BEL - Bharat Electronics Limited
BEL is an Indian Government-owned aerospace and defence electronics co...
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
Indian Tech Talent Excelling The Tech World - Satya Nadella, Chairman & CEO- Microsoft
Satya Nadella, the Chairman and CEO of Microsoft, recently emphasized ...
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...