Americans take stake in Cambridge connectivity firm
Cambridge-based remote connectivity firm Arkessa has agreed a strategic partnership with Numerex Corp, the US’s leading supplier of machine-to-machine (M2M) products and services.
It strengthens both companies’ capabilities in Europe and will lead to joint development of new services.
As part of the alliance, Nasdaq-quoted Numerex has bought a minority stake in the Cambridge company. Funds will be used to support Arkessa’s expanding business development initiatives.
Arkessa provides European systems integrators and corporate users with cellular-based wireless internet connectivity and data services, enabling the connection, control and management of remote systems and equipment for a multitude of users across borders and applications.
The critical factors leading to Numerex’s selection of Arkessa as a partner in Europe were its market presence and focus on pervasive, secure, and reliable connectivity. This allows its users to extract information from the harvested data in real-time.
“Arkessa provides Numerex with a proven, solid, European presence that delivers a package of additional data service capabilities coupled with market reach and insight. Our customers will also benefit from access to highly reliable and rapidly available M2M turnkey solutions developed through, by and with Numerex,” stated Ian Orrock, executive chairman of Arkessa.
Louis Fienberg, executive VP, corporate development of Numerex added: “Through partnerships with wireless carriers and infrastructure providers, we have built a seamless and ubiquitous M2M development platform, which has contributed to establishing a robust international service offering.”
The Numerex European expansion will focus on presenting its products and services combined with Arkessa’s, to the European market, and developing relationships with European companies interested in extending their M2M activities using the Numerex platform in the North American market and beyond.
Supported by its partnership with global telecoms giant KDDI Telehouse, Arkessa’s services are meeting the growing demand for wireless networking in many markets. It is a founder member of Cambridge Wireless and of the m2mglobal network.
The company has thrived since moving to Cambridge from Scotland and effecting a management buy-out and its reach is increasingly international.