M&A Deal Summary |
|
|---|---|
| Date | 2017-05-08 |
| Target | Solbright Renewable Energy |
| Sector | Renewable Energy |
| Buyer(s) | Iota Communications |
| Deal Type | Add-on Acquisition |
| Deal Value | 15M USD |
| Advisor(s) | The Capital Corp. (Financial) |
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| Category | Company |
|---|---|
| Founded | 2002 |
| Sector | Information Technology |
| Employees | 6 |
| Revenue | 2M USD (2017) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Renewable Energy) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-28 |
Semiconductor Business - Arkados
United States Semiconductor Business of Arkados. |
Sell | $11M |
