Sierra Wireless Completes Acquisition of Accel Networks
June 19 2015 - 7:00AM
Business Wire
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) today announced it has
completed the acquisition of Accel Networks, a Florida-based
provider of 4G LTE managed connectivity service for distributed
enterprises. The company has purchased substantially all of the
assets of Accel Networks. Details of the acquisition were first
announced on May 7, 2015.
Accel Networks provides primary and back-up connectivity
services in the U.S. to more than 300 enterprise customers in
sectors such as retail, finance, security, energy, and hospitality.
Accel Networks is a long term partner of Sierra Wireless and will
add scale and capabilities to the company’s services business and
accelerate the company’s device-to-cloud offering. With 4G LTE
providing high connectivity speeds and legacy carriers
transitioning away from copper-based networks, many enterprises are
adopting wireless connectivity.
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. Accel
Networks is headquartered in Florida, with its primary operations
center located in Georgia.
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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version on businesswire.com: http://www.businesswire.com/news/home/20150619005194/en/
Sierra WirelessDavid Climie, +1-604-231-1137VP Investor
Relationsinvestor@sierrawireless.com
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