Perwyn-backed JT IoT has acquired international MVNO and global roaming provider Top Connect to build a stronger global IoT ecosystem and to expand into new markets and use cases.
The buy adds 100 international customers and diversifies the JT IoT portfolio through Top Connect’s proprietary core infrastructure and range of suppliers.
Graeme Millar, CEO of JT IoT said: “This move provides a major growth opportunity for both our businesses through an extended service offering for our clients.
“Mutual access to new markets, products and people will add significantly enhanced capabilities for both JT IoT and Top Connect teams.”
Vladislav Sobolev, CEO of Top Connect, added: “By combining our engineering expertise, core infrastructures and supplier agreements with JT IoT’s connectivity platform, we can power further innovation and create true value for all our IoT global customers.”
The merged business will serve over 500 enterprises and governmental organisations across the globe and will manage over 10 million IoT connections.