Sierra Wireless Expands Its Managed Connectivity Services Offering with Acquisition of Accel Networks
May 07 2015 - 4:29PM
Business Wire
Sierra Wireless agrees to purchase
Florida-based Accel Networks, a leading provider of 4G LTE managed
connectivity service for distributed enterprises.
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) and Accel Networks
today announced that Sierra Wireless has entered into a definitive
agreement to acquire Accel. 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 of 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 sectors such as
retail, finance, security, energy, and hospitality. With 4G LTE
providing high connectivity speeds and legacy carriers
transitioning away from copper-based networks, many enterprises are
adopting wireless connectivity. Accel enables this migration
without sacrificing reliability or performance. Accel’s managed
connectivity service and wireless link optimization solution
transforms a cellular link into an enterprise-class last-mile
connection that equals or exceeds terrestrial broadband.
“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 of
Accel Networks. “Looking forward, we are excited to join Sierra
Wireless to further expand our offering and accelerate our
growth.”
Accel Networks provides a complete end-to-end solution –
integrating 4G LTE gateways and the iMaestro™ antenna, with
cloud-based radio frequency link optimization and remote
management. Combined with high-speed LTE connectivity from leading
network operators including AT&T, Verizon, and Sprint, the
Accel solution enables distributed enterprises to rely on
cellular-based connectivity for their most critical applications,
including PCI-compliant secure communications. Accel deploys their
managed connectivity services with customers directly, as well as
with key channel partners such as Trextel.
“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 of
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.”
Accel Networks was founded in 2002 and is headquartered in
Florida, with its primary operations center located in Georgia. The
company currently employs 28 full time staff.
Additional information
Further details regarding the acquisition of Accel Networks will
be provided on the company’s First Quarter earnings conference call
at 5:30 PM Eastern time / 2:30 PM Pacific time today. To
participate in this conference call, please dial the following
number approximately 10 minutes prior to the starting time:
Toll-free (Canada and US): 1-877-201-0168Alternate number:
1-647-788-4901Conference ID: 92170371
A webcast presentation will also be available for viewing in
conjunction with the conference call. To access the webcast, please
follow the link below:
Sierra Wireless Q1 Conference Call and Webcast
For those unable to listen live, the webcast will remain
available at the above link for one year following the call.
About Accel Networks
Accel Networks is a leader in managed cellular broadband
technology and connectivity services in North America. Accel’s deep
experience in providing cellular broadband to thousands of
locations across the country resulted in the development of
iMaestro™, Accel’s smart antenna and hosted RF optimization and
management system. Through iMaestro™, Accel is unique in delivering
consistent and robust cellular broadband experience across customer
sites, enabling business to realize the promise of LTE as a
converged voice and data solution that far surpasses the
performance and cost effectiveness of wireline service.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is building the
Internet of Things with intelligent wireless solutions that empower
organizations to innovate in the connected world. We offer the
industry’s most comprehensive portfolio of 2G, 3G and 4G embedded
modules and gateways, seamlessly integrated with our secure cloud
and connectivity services. OEMs and enterprises worldwide trust our
innovative solutions to get their connected products and services
to market faster. Sierra Wireless has more than 950 employees
globally and operates R&D centers in North America, Europe and
Asia. For more information, visit www.sierrawireless.com.
Product or service names mentioned herein may be the trademarks
of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. These forward-looking statements
relate to, among other things, plans and timing for the
introduction or enhancement of our services and products,
statements about future market conditions, supply conditions,
channel and end customer demand conditions, revenues, gross
margins, operating expenses, profits, and other expectations,
intentions, and plans contained in this press release that are not
historical fact. Our expectations regarding future revenues and
earnings depend in part upon our ability to successfully develop,
manufacture, and supply products that we do not produce today and
that meet defined specifications. When used in this press release,
the words "plan", "expect", "believe", and similar expressions
generally identify forward-looking statements. These statements
reflect our current expectations. They are subject to a number of
risks and uncertainties, including, but not limited to, changes in
technology and changes in the wireless data communications market.
In light of the many risks and uncertainties surrounding the
wireless data communications market, you should understand that we
cannot assure you that the forward-looking statements contained in
this press release will be realized.
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Sierra WirelessMedia:Sharlene Myers, 604-232
1445smyers@sierrawireless.comorInvestors:David Climie,
604-231 1137dclimie@sierrawireless.com
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