On May 7, Sierra Wireless announced that it has closed a deal to acquire Accel Networks in a move designed to expand the company’s cloud business and scale up its service offerings. The transaction is expected to close in June 2015.
“We are excited to join forces with our long-time partner Accel Networks as we see strong strategic alignment providing secure, managed connectivity solutions for the distributed enterprise, as well as for the broader Internet of Things,” said Jason Cohenour, President and CEO, Sierra Wireless. “With a proven managed connectivity service adopted by hundreds of enterprises in the U.S., the addition of Accel will accelerate our device-to-cloud strategy and add significant scale and capabilities to our services business.”
Accel Networks provides primary and back-up connectivity services to more than 300 enterprise customers in the retail, finance, security, energy, and hospitality verticals. Because of the growth and widespread adoption of 4G LTE connectivity, with its faster speeds, many companies are adopting wireless connectivity. Also, many legacy carriers have started to transition away from copper-based networks, making a switch to wireless inevitable. Accel enables this migration through managed connectivity services and wireless link optimization solutions that transform cellular links into enterprise level connections that can equal or exceed traditional, wired broadband.
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“Since founding the company in 2002, we have been successful in building a strong customer base by developing solutions that overcome the challenges of utilizing cellular for mission-critical networking and by delivering robust indoor connectivity in a highly cost-effective manner,” said Mark Gianinni, co-founder and CEO, Accel Networks. “Looking forward, we are excited to join Sierra Wireless to further expand our offering and accelerate our growth.”
Accel integrates 4G LTE gateways with the iMaestro antenna, with cloud-based radio frequency link optimization and remote management to accomplish its connectivity goals. It works with all of the leading providers, including AT&T, Verizon, and Sprint, so that its customers can rely on cellular connectivity for critical, and especially remote, applications. In addition to working with customers on connectivity directly, Accel enables channel partners like Trextel to provide the service to their clients.
“Accel Networks is an important partner for Trextel. The iMaestro platform, in combination with AT&T, powers our 4G LTE managed connectivity service offering,” said Jason Morrow, CEO, Trextel Solutions. “We are excited that Accel is joining Sierra Wireless and we look forward to working together to expand the offering and provide even more value for our customers.”
Edited by
Maurice Nagle