Sierra Wireless (Nasdaq: SWIR) has acquired Junxion, a Seattle-based provider of managed 3G wireless router solutions for enterprise and government customers. No financial terms were disclosed. Junxion has raised a small amount of VC funding from Trilogy Equity Partners.
PRESS RELEASE
Sierra Wireless (NASDAQ: SWIR – TSX: SW) announced today they have completed an agreement to purchase the assets of Junxion, Inc. effective immediately.
Based in Seattle, Junxion is a privately held company that delivers managed 3G wireless router solutions for enterprise and government customers. Junxion's platform provides reliable and secure real-time data access for mission-critical applications anywhere cellular connectivity is available.
“The purchase of Junxion's assets is consistent with our strategy of building differentiation and expanding our position in the mobile and M2M space,” said Jason Cohenour, President and CEO of Sierra Wireless. “By leveraging Junxion technology and incorporating it into our Mobile and M2M product portfolio, we will enhance and diversify our offering of high value equipment, services, and software to support this growing market.”
For more information on Junxion please visit www.junxion.com
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR – TSX: SW) modems and software connect people and systems to mobile broadband networks around the world. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, specialized vertical industry, and machine-to-machine markets, and provides professional services to customers requiring expertise in wireless design, integration, and carrier certification. For more information about Sierra Wireless, visit www.sierrawireless.com.
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