Sunnyvale, California – Quanergy Systems, Inc., a provider of LiDAR sensors and smart 3D solutions, announced that Audio Technology has selected Quanergy to provide perimetre intrusion detection to reduce false alarms, provide real-time tracking and classification, all while working under any lighting conditions. (more…)
May 26, 2022
Posted by: Shriya Raban
Sofia, Bulgaria. 25 May 2022 – EnduroSat, a provider of software-defined NanoSats and Space services for business and academia, announced that open source, hybrid cloud and AI technologies from IBM and Red Hat are part of its second mission, which is scheduled to launch to low earth orbit at 2:25 PM ET today. (more…)
Posted by: Shriya Raban
Tampa and San Francisco, United States. 16 May, 2022 – Syniverse, communications technology provider to carriers and enterprises, and Twilio, the customer engagement platform that drives real time, personalised experiences for today’s brands, announced that the companies have closed on their previously announced strategic partnership. Twilio has invested [$750 million (€720.50 million)] for common equity in Syniverse, and the two companies have expanded their strategic and commercial partnership. Twilio is now a significant minority owner of Syniverse with Carlyle maintaining its majority stake.
Under the terms of the transaction, Twilio has invested [$750 million (€720.50 million)] in Syniverse, with Syniverse concurrently having raised [$1.025 billion (€0.98 billion)] in new term loan debt and [$340 million (€326.63 million)] in new preferred equity, the proceeds of which were primarily used to reduce leverage.
Syniverse’s chief executive officer Andrew Davies comments, “This transaction provides Syniverse with the enhanced liquidity and financial flexibility that will enable us to accelerate investment in innovation, product quality, and breadth to benefit our enterprise and carrier customers around the world. Our partnership with Twilio, combined with our enhanced balance sheet following this new infusion of capital, leaves us well positioned to more effectively monetise the 5G and CPaaS revolutions, deepen our engagement with our customers across key industry verticals and create long-term value and opportunity for all our stakeholders.”
Through this partnership, Syniverse will benefit from Twilio’s breadth of experience serving enterprise customers to capitalise on the next wave of growth in digital communications. Syniverse will also be even better positioned to serve its carrier customers and support continued innovation, customer service and lasting growth.
Simon Khalaf, Twilio’s senior vice president and GM of communications Platform, says “We are pleased to have closed this partnership and investment to accelerate the next wave of innovation in mobile communications and drive long-term growth.”
James Attwood, senior advisor at Carlyle and Chairman of Syniverse, says “Today marks a new day for Syniverse and for Carlyle’s investment in the business. We look forward to continuing to partner with Syniverse and Twilio to accelerate the next wave of innovation in intelligent connectivity and communications.”
Comment on this article below or via Twitter @IoTGN
May 16, 2022
Posted by: Janmesh Chintankar
Herndon, United States. 16 May, 2022 – ST Engineering iDirect, a global provider in satellite communications, will provide internet service provider and longtime customer, InterSAT Communication Services FZCO, with a significant technology upgrade, enabling it to deliver enhanced services to its customers across the African continent. The upgrade to its existing evolution platform will allow InterSAT to leverage new technologies and efficiencies to remain competitive in an increasingly challenging market. (more…)
Posted by: Janmesh Chintankar
San Jose, CA., USA. 11 May 2022 – Sharper Shape Group, Inc., a specialist in powerline inspection solutions for the utility industry has completed a US$18.0 million (17.28 million) Series B round, with participation from the Michael Harvey Trust as lead investor. (more…)
May 12, 2022
Posted by: Shriya Raban
Houston and Amsterdam. 5 May 2022 – Hiber, the satellite-enabled IoT scale-up, is rolling out its HiberHilo remote well monitoring technology in the United States to help oil and gas producers monitor their remote wells via satellite connectivity. The technology unlocks significant improvement in the production, downtime reduction, safety, and sustainability of oil and gas wells. (more…)
May 5, 2022
Posted by: Shriya Raban
Andover, Mass., and Atlanta, 25 April 2022 – The latest innovations to the Max Platform, Max Velocity and Max Alert Live, are being unveiled by IBM and its subsidiary The Weather Company in conjunction with the National Association of Broadcasters (NAB) show in Las Vegas. (more…)
April 28, 2022
Posted by: Shriya Raban
Shenzhen, China. 15 April 2022 – ZTE Corporation, an international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, announced that Mr. Liu Aihua, senior system architect of its Wireline Products, has delivered a speech entitled “TSN (Time-Sensitive Networking) over Deterministic Fine-Granularity Channel of Metro-Transport Network” at the 23rd MPLS SD & AI Net World held in Paris, France. (more…)
April 19, 2022
Posted by: Shriya Raban
The Hague and Tel Aviv, Israel. 12 April, 2022 – Incident recording company Bumicom Telecommunications BV and mission-critical communications (MCX) enabler Softil jointly announce that Softil’s BEEHD technology will be licensed by Bumicom to launch a new range of MCX recorders. (more…)
April 12, 2022
Posted by: Anasia D'mello
Rockville,USA. 5 April 2022 – 3CLogic has announced the expansion of its technology partnership with ServiceNow to include Technology Workflows. Building on its success with Customer Workflows, the collaboration will focus on complementing ServiceNow’s existing and future platform releases for ITSM with voice-enabled features and capabilities designed to deliver sophisticated experiences across both self-service and live agent interactions. (more…)
April 5, 2022
Posted by: Anasia D'mello