Tata Communications announced that the company is acquiring Teleena which is a Netherlands based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE).
This deal is followed by Tata Communications’ investment in Teleena in January 2017 when the company became the single largest shareholder in Teleena with a 35% stake.
“The growth rate in the global mobility and IoT market is phenomenal: by 2021, enterprises’ spending on mobility alone is set to surpass $1.7trillion,” 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.”
Teleena’s customers are now expected to become Tata Communications’ customers, and all Teleena employees will become Tata Communications’ employees.
Teleena’s solution is a major 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.