New strategic acquisition
to power global expansion plans, build strategic partnerships & develop new
IoT services
LONDON
– 10 October, 2017: Truphone, the first global mobile operator, announces today
it has entered into a binding agreement to acquire Cellnetrix Group, a pioneering
secure SIM OS solutions provider. Based in Munich, Germany with a branch office
and development centre in Moscow, Russia, Cellnetrix provides innovative secure embedded products, which have
powered over 250 million mobile devices worldwide to date.
This newly-acquired capability will help Truphone deliver on its
ambitious plan to disrupt the trillion-dollar mobile industry and power the
world’s connected devices, which are expected to total 50 billion by 2020[1].
The company plans to continue developing its unique, fully globalised mobile
connectivity platform, designed to provide end-to-end embedded connectivity
irrespective of device type.
By partnering with OEMs and chipset manufacturers, with a mobile
subscription being provisioned at the time of manufacture and Over The Air
configuration, Truphone is able to offer easy in-life management solutions,
challenging the established supply chain. This essentially creates bootstrap connectivity
so that devices can connect locally wherever they are.
Through this
solution, Truphone expects to accelerate the adoption of mobile connectivity in
the IoT world by significantly simplifying access to and provisioning of mobile
connectivity, while also reducing the number of relationships that are required
to be established in order to make a device connected to the internet.
The move comes in the wake of the announcement that Truphone has raised
£255m to retire its debt and expand into IoT. The acquisition also follows a
recent deal between Truphone and Apple that saw the UK tech firm become a
global connectivity provider for new iPads, building on its status as the first
global mobile operator.
Ralph Steffens,
CEO, Truphone said:
“Truphone
continues to be the driving force reshaping the global mobile industry.
Our
disruptive Connectivity EcoSystem combines Mobile Connectivity, next generation
SIM technology and a market leading Management Platform. As a result of this
unique proposition we are the enabler of choice for disruptive IoT and eSIM
solutions as well as highly differentiated Enterprise solutions like our unique
regulated mobile recording solution used by many Tier 1 Investment banks around
the globe.
Ultimately,
we believe mobile connectivity should be as easy, cost-efficient and simple as
using an app.”
Dr
Vladimir Nagin, CEO, Cellnetrix Group, added:
“We’re
really pleased with the opportunity to join the Truphone Group at such an
exciting time for the industry. Adoption of new Embedded SIM technologies, which
enable secure provisioning and activation of network subscriptions directly in
consumer or IoT devices, without a conventional SIM card, has a huge potential
for various industries. Leveraging Truphone’s experience in mobile connectivity
and the company’s global reach will help us to enhance our current product
proposition significantly and to serve better the needs of the IoT market.”
Established in 2006, Truphone has enjoyed a
period of rapid expansion and now has more than 350 staff in 11 offices worldwide.
[1] Software.org:
the BSA Foundation (2017), ‘Connecting
to New Opportunities Through Connected Devices’, https://software.org/press-release/connecting-to-new-opportunities-through-connected-devices/