Semtech estimates that by 2027 the IoT market will have grown ten-fold, resulting in a 10 billion dollar boom.
Semtech Corporation, according to a statement in a press release, purchased Sierra Wireless for $1.2 Billion, increasing its revenue from IoT Cloud Services with high margins by $100 MILLION. Semtech expects the acquisition to “immediately increase non-GAAP earnings per share” and generate “run-rate operational synergies of $40 million in 18 months”.
According to Semtech CEO Mohan Maheswaran the combined business will have considerable expertise in connectivity whether it is high bandwidth cellular, or ultra-low powered LoR. They gain expertise in IoT services and software, a deep understanding of IoT Hardware, and a priceless, but often overlooked, ability to negotiate global sales channels. Maheswaran believes that Semtech has a unique opportunity to offer customers in high-growth IoT categories an extensive product portfolio and service strategies.
Maheswaran said that Sierra Wireless offers a broad and robust portfolio of IoT device-to Cloud solutions. The company has also been a leader of cellular IoT for 30 years. Semtech’s LoRa capable end nodes put us in an excellent position to provide a service which is both comprehensive and distinctive. Service providers need to be able to manage their systems in a comprehensive manner.
Semtech estimates that by 2027 the IoT market will have grown ten-fold, resulting in a 10 billion dollar boom.
Semtech Corporation, according to a statement in a press release, purchased Sierra Wireless for 1.2 billion dollars, increasing its revenue from IoT Cloud Services with high margins by $100 million. Semtech expects the acquisition to “immediately increase non-GAAP earnings per share” and generate “run rate synergies” worth $40 million in 18 months.
According to Semtech CEO Mohan Maheswaran the combined business will have considerable expertise in connectivity whether it is high bandwidth cellular, or ultra-low powered LoR. They gain expertise in IoT services and software, a deep understanding of IoT Hardware, and the underappreciated but priceless ability to negotiate global sales channels and Vertical markets. Maheswaran believes that Semtech has a unique opportunity to offer customers in high-growth IoT categories an extensive product portfolio and a service strategy.
Maheswaran said that Sierra Wireless offers a broad and robust portfolio of IoT device-to Cloud solutions. The company has also been a leader of cellular IoT for 30 years. Semtech’s LoRa capable end nodes put us in a position to provide a service which is both comprehensive and distinctive. Service providers need to give comprehensive management before they can create a world that is more intelligent and sustainable.
