IoT Software Business Chordant Launched as Standalone Company
January 31 2019 - 4:15PM
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and
development company, today announced the launch of the company’s
Chordant™ business as a standalone company. The spinout of the
unit, which now includes an affiliate of Sony Corporation of
America as an investor along with InterDigital, gives the company
added independence and flexibility in driving into its core
operator and smart city markets.
Chordant provides a best-in-class oneM2M standards-compliant
horizontal IoT platform, as well as a world-leading real-time data
marketplace launched under the oneTRANSPORT™ brand in the UK
in October 2017. The company builds on more than a decade of IoT
and M2M-focused research and development at InterDigital. Since
2014, Chordant and its solutions have won 13 awards from major
trade shows and publications, including Best Solution for
Transportation and Logistics at the 2016 IoT Solutions World
Congress in Barcelona and Smart City Deployment of the Year at the
2018 IoT Breakthrough Awards for its oneTRANSPORT data
marketplace in the
UK.
“Launching Chordant as a standalone company gives us the
flexibility and independence to drive towards success in our
markets and be as responsive to customers and partners as
possible,” said Mika Rasinkangas, President of Chordant. “Our
heritage with InterDigital has given us a tremendous research and
solution development platform, and we enter this new phase with
what we feel is the best, most comprehensive and future-proof data
sharing and monetization solution with underlying technology
platform in the market. Our new structure and founding investors
put us in a tremendous position for success.”
InterDigital has had previous success with standalone commercial
initiatives. XCellAir, the company’s Wi-Fi and small cell
management initiative, was spun out in 2015, and was successfully
acquired by Spanish Wi-Fi service provider Fon in April 2018.
About InterDigital®
InterDigital develops mobile technologies that are at the core
of devices, networks, and services worldwide. We solve many of the
industry's most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a
richer multimedia experience years ahead of market deployment.
InterDigital has licenses and strategic relationships with many of
the world's leading wireless companies. Founded in 1972,
InterDigital is listed on NASDAQ and is included in the S&P
MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital
Contact:Patrick Van de WilleEmail:
patrick.vandewille@interdigital.com +1 (858) 210-4814 |
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