Iota Communications - M&A Summary and Business Overview

Information TechnologyCompany

Iota Communications M&A Summary

Iota Communications has acquired 1 company. It has also divested 1 asset.

Iota Communications’ largest acquisition to date was in 2017, when it acquired Solbright Renewable Energy for $15M. It’s largest disclosed sale occurred in 2014, when it sold Semiconductor Business - Arkados to STMicroelectronics N.V. for $11M. Iota Communications has acquired in 1 US state. The Company’s most targeted sectors include renewable energy (100%).

Iota Communications Business Overview

Where is Iota Communications headquartered?

Iota Communications is headquartered in Newark, New Jersey.

What is Iota Communications’ revenue?

Iota Communications disclosed revenue of 2M USD for 2017 and 2M USD for 2016.

How many employees does Iota Communications have?

Iota Communications has 6 employees.

What sector is Iota Communications in?

Iota Communications is an information technology company.

When was Iota Communications founded?

Iota Communications was founded in 2002.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1

Iota Communications, Inc.

211 Warren Street Suite 320,
Newark, New Jersey 07103
United States,
(862) 393-1988
www.solbrightgroup.com

Iota Communications, Inc. is a provider of a wireless network and operating system (the "platform") which has been purpose-built and optimized for the Internet of Things applications. Iota's is the only IoT-dedicated wireless platform in the US whose core network operates on FCC-licensed radio spectrum, and the only one which also connects all standard end devices transmitting on standard cellular, WiFi, Bluetooth, and Zigbee protocols. Iota operates an open-interface applications environment which hosts and distributes both Iota's and third-party customer applications. Iota also offers important additional products and services which facilitate the adoption of our platform-based services. These include customer connectivity devices and other pass-through equipment for certain applications, FCC license application, procurement, and leasing services, and solar energy, LED lighting, and HVAC conversion and implementation services. Iota Communications was formed in 2002 and is headquartered in Newark, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $15M $15M
Sell (0.0/yr) # 1 - - - - - 1
vol $11M $11M
  2

Most Recent M&A

Company Date Value Type
Solbright Renewable Energy LLC 2017-05-08 15M USD Add-on Acquisition
Charleston, South Carolina · www.solbrightre.com
Semiconductor Business - Arkados 2014-12-28 11M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 1 (100%) 15M (100%) - -
Semiconductors - - 1 (100%) 11M (100%)
Total 1 $15M 1 $11M

By Geo

State/Country Buy Value Sell Value
United States 1 15M 1 11M
  South Carolina 1 15M - -
Total 1 $15M 1 $11M

Top M&A Advisors

Financial Deals
Joseph Gunnar & Co. LLC
 1

Deal Values

buy # Total
< $100M 1 $15M
TOTAL $15M
Largest Solbright Renewable Energy LLC
$15M (2017-05-08)
sell # Total
< $100M 1 $11M
TOTAL $11M
Largest Semiconductor Business - Arkados
$11M (2014-12-28)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Information Technology

Revenue

2   26% 2017
2   368% 2016
0   2015
(millions of USD)

Employees

6

Established

2002

Former Name

Solbright Group, Inc. (Arkados Group, Inc.)

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