|Industry||Internet of things (IoT, M2M)|
|Founded||Trieste, Italy in 1986|
|Offices||Italy, US, Brazil, India, Korea|
|Revenue||$156.3 mn in H1 2015|
|Workforce||885 as of October 2015|
Telit Communications is a London headquartered company working on machine to machine (M2M) technology and related services. The company also offers connectivity cloud and platform as a service (PaaS) application services and is listed on the AIM.
Telit is ranked as the third largest M2M module supplier globally according to research agency Berg Insight. One of the fastest growing M2M company, Telit operates in a business domain that is pegged at $1.9 trillion by 2022.
Telit recognized early on the potential of cellular m2m solutions and launched its first m2m module called Datablock in 1998. Allowing real-time monitoring and control, minimizing or dispensing with human intervention, m2m is gaining significant market traction as it addresses the ever-increasing demands, e.g. in terms of speed, savings, safety, environmental protection, localization, remote control, accuracy and many others in the business world.
On March 1st 2011, Telit completed the acquisition of Motorola m2m from Motorola Israel Ltd., a subsidiary of Motorola Solutions Inc. The integration of Motorola m2m into the existing Telit business, mainly in Israel but also in the US, England and APAC, was fully and successfully completed during 2011.
On July 11th 2011, the company acquired GlobalConect Ltd. to establish a services business, with the goal of having recurring revenues. Thanks to this acquisition and the strategic partnership Telit entered in with Telefonica Espana S.A.U on February 22nd 2012 Telit is today the only company in the market that provides a value added services bundle including connectivity to its customers.
Navman Wireless OEM Solutions LP was acquired on January 3rd 2012 which strengthens Telit’s position as the premier product and consultative partner in the m2m industry. The acquisition of Navman’s technology and the engagement of its US based executive engineering and sales staff will make Telit a major contender in the GNSS (Global Navigation Satellite System) market while providing an enhanced product portfolio for its m2m customers and providing Telit access to new GPS customers and products beyond the traditional m2m industry.
At the beginning of 2013, Telit acquired CrossBridge Solutions expanding its IoT Connectivity offering to small/medium m2m customers in the U.S. The acquired company has a long 22-year history in the North American market adding to Telit’s 20+ years’ experience in cellular hardware technology.
In September 2013, Telit acquired IoT Portal, a U.S.-based provider of cloud services and application enablement platform (AEP). The acquisition was another important step to continue building a company to offer end-to-end solutions to its customers.
In 2012 Telit added the value added and connectivity services to deliver essential connectivity solutions on the mobile network side of connected devices. With the IoT Portal acquisition its cloud-based services and AEP, Telit completes the set of solutions to provide customers a comprehensive Internet-side services offering including Application Enablement.
In April 2014, Telit concluded the acquisition of the Automotive Telematics On-board unit Platform (ATOP) business from Netherlands-based NXP Semiconductors (Nasdaq NXPI). With the conclusion, Telit Automotive Solutions was launched as a new business unit conceived to focus exclusively on the Automotive OEM and Tier-one markets.