Estonian IoT connectivity supplier 1oT is buying Dutch competitor CheerIoT’s buyer portfolio, considerably increasing its presence.
The acquisition will develop 1oT’s buyer base by 50 firms whose SIMs are energetic in 52 international locations, together with within the EU, UK, and Southeast Asia.
The deal will develop 1oT’s buyer base from 400 to 450, strengthening their place within the European market and demonstrating their resilience and progress throughout difficult financial instances.
1oT supplies IoT gadget producers and repair suppliers with eSIM playing cards that embrace the companies of a number of telecoms. Their shoppers can select between telecoms based mostly on value or protection with out straight negotiating with a number of telecoms.
The acquired shoppers had initially purchased SIM playing cards from CheerIoT, which have now been transferred to 1oT’s system. All these clients can profit from what 1oT gives, together with a state-of-the-art SIM administration platform known as 1oT Terminal, professional technical help, and a devoted account supervisor. This customized strategy ensures the businesses can optimize their connectivity options, obtain their operational objectives globally, and continue to grow with 1oT.
Märt Kroodo, founder & CEO at 1oT: “1oT has been growing steadily and organically every year since we were founded in 2016. Our goal is to be a technically and financially strong partner to our scaling IoT customers, and we’ve focused on building long-lasting relationships with them. I’m happy to welcome previous CheerIoT customers who can start enjoying our modern connectivity management platform and strong IoT offering.”
The acquired clients embrace firms that supply sensors to the meals and pharmaceutical trade, asset and GPS monitoring companies, and point-of-sale terminals.
CheerIoT’s ex-CEO, Joachim de Wild: “We are pleased to hand over our customer base to 1oT, a company we believe is the perfect partner for our customers’ needs. With their modern tools, innovative connectivity management platform, and deep understanding of the growing IoT sector, we are confident that 1oT will provide our customers with exceptional solutions and support. We want to thank our customers for their trust and collaboration throughout our journey.”
1oT’s new clients will profit from their complete connectivity service and have the ability to scale worldwide with out worrying about connectivity disruptions or altering the SIMs of their gadgets.
