Wi-fi Logic, an IoT options supplier, has acquired Zipit Wi-fi, a multi-carrier IoT connectivity and subscription billing options supplier. The step marks Wi-fi Logic’s first acquisition of a US-headquartered firm and aligns with its broader technique to scale internationally whereas reinforcing regional experience in key markets.
Headquartered in South Carolina, Zipit delivers connectivity throughout sectors together with agriculture, safety and surveillance and digital signage. With operations in each the US and Canada, Zipit is recognised for its versatile, white-labelled billing platform, robust buyer help and regional perception. To this point, Zipit’s billing capabilities have supported over $45 million in subscription income for its OEM purchasers. Its Canadian subsidiary, Mtrex Networks, is a supplier of worldwide connectivity primarily serving the point-of-sale (PoS) market.
Zipit’s long-standing relationships with top-tier carriers resembling Verizon, AT&T and Rogers help world connectivity by means of a variety of applied sciences, together with NB-IoT, LTE-M and 5G. Its platform reduces industrial complexity by means of automated billing and versatile subscription fashions, giving companies larger management over how companies are packaged and billed.
“Changing into a part of the Wi-fi Logic Group is a significant milestone and the pure subsequent step in our development,” mentioned Frank Greer, the CEO at Zipit Wi-fi. “Entry to Wi-fi Logic’s world footprint and broader service portfolio means we are able to supply extra selection, protection and functionality – whereas staying true to the hands-on help our prospects depend on. It’s a powerful cultural match and we’re enthusiastic about what’s forward.”
With purpose-built capabilities in billing and platform integration, Zipit is especially suited to supporting B2B2C and multi-tiered IoT fashions. Its means to handle advanced billing chains and layered industrial relationships provides a priceless dimension to Wi-fi Logic’s providing.
“Zipit’s deep understanding of the North American market and its experience in advanced industrial fashions make it a welcome addition to the group,” mentioned Oliver Tucker, the co-founder and CEO at Wi-fi Logic. “We’re delighted to have the staff onboard and stay up for the alternatives this creates for our prospects and companions.”
The deal builds on a sequence of acquisitions by Wi-fi Logic, together with Arqia, Webbing and Blue Wi-fi, reinforcing its dedication to development and innovation.
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