Telit Wireless Solutions has announced a summary of performance data for its new m2mAIR business unit. The company established the business unit in mid-2011, focusing solely on the development and commercialization of M2M value added services including connectivity.
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In February 2012, the company announced a global strategic partnership with Telefonica, a world leader in telecommunications, to offer premium value-added services, customer support, module innovation and global connectivity. Telit released then its first m2mAIR VAS offering based on Telefonica’s global M2M solutions and a self-developed, innovative, embedded module technologies & compatible cloud and backend services.
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“We are delighted by the take up of m2mAIR – which is ahead of our expectations. In the Internet of things, machine to machine value added services & connectivity is now being rolled out at pace.  With our relationship with Telefonica and established distribution channels, we have a strategic advantage in this fast growing market – as indicated by the rapid take up by customers around the world,” said Oozi Cats, Telit Chief Executive.
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He added moreover: “Our position in this market was further strengthened by the acquisition earlier this year of US-based CrossBridge Solutions, a veteran provider of M2M focused value-added services and connectivity, which will provide Telit access to US-based value added service & connectivity customers, as well as an opportunity to expand its m2mAir offering into the US.
