Ericsson has confirmed the completion of the transfer of its IoT (Internet of Things) Accelerator (IoT-A) and Connected Vehicle Cloud (CVC) business, along with associated assets, to Aeris. Ericsson also acquired a small stake in Aeris as part of the deal.
Aeris will integrate the Ericsson IoT and Connected Vehicle businesses to create the new Aeris. Bridge Alliance, one of Aeris’ new global partners, said it looks forward to working with Aeris and leveraging its extensive IoT portfolio and industry offerings to provide value-added service to enterprise customers through alliance members.
New market leader in IoT
With this transfer, Ericsson has created a leader in the fragmented IoT market. According to the statement, the joint capabilities provide scale, stability, reliability and security to launch and manage IoT programs globally.
Ericsson and Aeris Communications have signed an agreement to transfer Ericsson’s IoT Accelerator and Connected Vehicle Cloud business in December 2022. Aeris is a leading provider of Internet of Things (IoT) solutions based in San Jose, California. Ericsson IoT Accelerator is used by more than 9,000 enterprises worldwide to manage more than 95 million connected devices with 22 million eSIM connections. In addition, Aeris and Ericsson’s IoT platforms will connect more than 100 million IoT devices worldwide, in 190 countries.
Aeris is now leading the IoT segment, simplifying IoT for 9,400 companies worldwide. Ericsson and Aeris Communications previously demonstrated combined IoT capabilities at Mobile World Congress 2023 in Barcelona.