Summary: In a significant stride towards global IoT network expansion, Netmore Group has acquired Senet, Inc., signaling a prominent shift in the market towards consolidated IoT solutions. This move enables Netmore to scale up its B2B IoT deployments globally, leveraging Senet’s technological prowess and market presence in the US.
Netmore Group, well recognized for its Internet of Things (IoT) connectivity solutions, has recently taken a notable leap in its quest for global market dominance by acquiring Senet, Inc., a respected LoRaWAN network operator. This strategic move is poised to enhance Netmore’s platform with robust network capabilities within the United States and affirm its leadership role in the burgeoning IoT industry.
The merger synergizes Senet’s near-decade long experience in LoRaWAN innovation with Netmore’s European market strength, creating a dynamic new entity. This is set to particularly benefit sectors such as utilities, energy, and logistics, by offering sophisticated large-scale IoT connectivity options. Notably, Netmore begins this joint venture with direct control over more than one million IoT devices, positioning itself as an influential force in the sustainable technology market.
Netmore’s proven expertise in delivering carrier-grade connectivity services will now be complemented by Senet’s established network offerings, ensuring the provision of comprehensive IoT connectivity solutions for businesses worldwide. Additionally, this acquisition enables Netmore to advance its mission of providing sustainable IoT infrastructure that supports green economy transitions.
Ongoing operations of Senet will not be disrupted, as it will continue functioning under its original branding, from its headquarters in Portsmouth, New Hampshire. This will maintain service continuity and capitalize on Senet’s existing reputation in the market.
On the back of robust investor support from entities like Polar Structure AB and Fisk Ventures, Netmore Group is set for long-term growth. This heightened focus on sustainability and the development of connected assets underscores the company’s ambition to foster a greener, more efficient future powered by innovative IoT solutions.
What is the key development reported in the article?
Netmore Group has acquired Senet, Inc., which marks a substantial advancement in the expansion of the global IoT network. This acquisition aims to position Netmore as a leader in the IoT industry by scaling up its B2B IoT deployments around the world.
Who are Netmore Group and Senet, Inc.?
Netmore Group is a company that offers IoT connectivity solutions, mainly focusing on the European market. Senet, Inc. is a leading LoRaWAN network operator based in the US with a strong presence in IoT technology innovation.
What is IoT?
IoT, or the Internet of Things, refers to the network of physical objects (‘things’) that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet.
What is LoRaWAN?
LoRaWAN (Long Range Wide Area Network) is a protocol for high-capacity, long-range, low-power communication that is used to connect IoT devices to the internet, especially in cases where battery life and long range are essential factors.
What industries is this merger expected to benefit, and how?
The merger is expected to particularly benefit sectors such as utilities, energy, and logistics. It will provide sophisticated large-scale IoT connectivity options that can enhance efficiency and functionality within these industries.
How will ongoing operations of Senet be affected?
Senet’s operations will continue without disruption under its original branding. The company will still operate from its headquarters in Portsmouth, New Hampshire, to maintain service continuity and leverage its existing market reputation.
What is the future outlook for Netmore Group post-acquisition?
With the support of investors like Polar Structure AB and Fisk Ventures, Netmore Group is aiming for long-term growth with a heightened focus on sustainability and the development of connected assets that support transitions to a green economy.
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