Sierra Wireless (NASDAQ: SWIR - TSX: SW) is proud to announce an important step today in the integration of Anyware Technologies into Sierra Wireless. The Toulouse-based company, which became a subsidiary of Wavecom, S.A. in 2008, has become an integrated business unit of Sierra Wireless, and the Anyware Technologies brand is being discontinued. As part of the integration, the open source solutions and services arm of Anyware Technologies will be spun off as an independent enterprise. The new enterprise, based in the Toulouse area, will focus on IT and web consulting and will continue to support the open source development of the Ametys CMS tool suite.
The new Sierra Wireless business unit provides solutions that allow systems integrators, key accounts and telecom operators to roll out complete machine-to-machine solutions for managing any remote set of equipment. The solutions are based on tools that facilitate the development of embedded applications on a platform of M2M services (M2MOperatingPortal(TM)) that is comprehensive, scalable, secure and compatible with the majority of wireless equipment available on the market. Anyware Technologies' historic expertise in open source technologies is a strategic advantage, allowing it to offer open source tools that easily integrate into existing systems.
"The integration of Anyware Technologies into Sierra Wireless brings the company a key competitive advantage, providing us with the ability to round out our portfolio of current products with an innovative software-as-a-service offering and cover the entire value chain for machine-to-machine applications," said Jason Cohenour, President and CEO of Sierra Wireless. "It is an important component in our strategy and we are pleased to welcome the Anyware team into the Sierra Wireless family."
"We are very lucky to have joined Sierra Wireless. Our product offering is unique in the machine-to-machine market in that it covers the entire value chain and can be delivered on a global scale. This integration will enable us to accelerate the roll-out of new customer applications and will rapidly advance our international development. As part of Sierra Wireless, the Anyware Technologies team will continue our track record of providing new increasingly innovative solutions for the thriving M2M market," said Emmanuel Walckenaer, Senior Vice President and General Manager, Solutions and Services, for Sierra Wireless.
For more information about the Sierra Wireless solutions and services product offering, please visit http://www.sierrawireless.com/.... To contact the Sierra Wireless solutions and services sales team: +33 (0)5 61 00 52 90 or solutions-sales@sierrawireless.com
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.
The new Sierra Wireless business unit provides solutions that allow systems integrators, key accounts and telecom operators to roll out complete machine-to-machine solutions for managing any remote set of equipment. The solutions are based on tools that facilitate the development of embedded applications on a platform of M2M services (M2MOperatingPortal(TM)) that is comprehensive, scalable, secure and compatible with the majority of wireless equipment available on the market. Anyware Technologies' historic expertise in open source technologies is a strategic advantage, allowing it to offer open source tools that easily integrate into existing systems.
"The integration of Anyware Technologies into Sierra Wireless brings the company a key competitive advantage, providing us with the ability to round out our portfolio of current products with an innovative software-as-a-service offering and cover the entire value chain for machine-to-machine applications," said Jason Cohenour, President and CEO of Sierra Wireless. "It is an important component in our strategy and we are pleased to welcome the Anyware team into the Sierra Wireless family."
"We are very lucky to have joined Sierra Wireless. Our product offering is unique in the machine-to-machine market in that it covers the entire value chain and can be delivered on a global scale. This integration will enable us to accelerate the roll-out of new customer applications and will rapidly advance our international development. As part of Sierra Wireless, the Anyware Technologies team will continue our track record of providing new increasingly innovative solutions for the thriving M2M market," said Emmanuel Walckenaer, Senior Vice President and General Manager, Solutions and Services, for Sierra Wireless.
For more information about the Sierra Wireless solutions and services product offering, please visit http://www.sierrawireless.com/.... To contact the Sierra Wireless solutions and services sales team: +33 (0)5 61 00 52 90 or solutions-sales@sierrawireless.com
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.
