u-blox Acquires Thingstream for $10 Million to Simplify IoT Connectivity

u-blox has announced that it has acquired IoT Communication-as-a-Service provider, Thingstream. Thingstream provides a comprehensive, end-to-end solution for global IoT connectivity using the industry-standard MQTT protocol. The product is offered “as-a-service” which provides predictable cost and on-demand scalability for customers. u-blox acquired the company for CHF 10 million (~USD $10 Million), plus coverage for some deferred staff retention. The acquisition has now been successfully closed.

MQTT, (Message Queuing Telemetry Transport), has become a widely used data transfer protocol in the Internet of Things, along with MQTT-SN, which is tailored to the needs of sensor networks. Designed for constrained environments characterized by low power and bandwidth requirements, MQTT transmits messages from one device to one or many others via a broker. To achieve a reliable machine to machine communication, users can set the quality of service to the specific requirements of their applications. Thingstream’s MQTT Anywhere service offers data transfer across 600+ telecom carriers in 190 countries without necessitating a cellular data plan by transmitting MQTT-SN messages over 2G, 3G, LTE, and LTE-M networks.

Thomas Seiler, CEO of u-blox feels that the acquisition of Thingstream and its platform will accelerate u-blox’s entry into a new dimension of IoT Services which will provide customers with a reliable, smart and secure solution to connect sensor data to their cloud enterprise. Their customers can focus on scaling their business rather than the complexities of acquiring and establishing a connectivity platform and maintaining data flow management.

Simplifying cost of ownership and management of an end-to-end solution that is reliable and secure is crucial for the success of any IoT solution. The integration of Thingstream and its platform will drive further momentum in u-blox’s roadmap for delivering to customers the most robust service offering in the market, exemplified by improved functionality, secure connectivity, and full lifetime support – in short, to make wireless communication and location easy. 

The addition of Thingstream’s high-performing team of 26 qualified staff will bring decades of experience in telecom services and IoT, augmenting u-blox’s functional teams in R&D and sales and marketing.