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Novatel Wireless Acquires Enfora

Author: Sam Lucero, Practice Director, M2M & Embedded

Published: 15 Nov 2010

On November 8, 2010 Novatel Wireless announced it was acquiring privately-held Enfora for $64.5 million in cash. Based in San Diego, California, Novatel Wireless is a publicly-traded maker of cellular broadband modems and embedded modules. Most recently, the company gained significant traction with its MiFi personal hotspot devices, sold through mobile operators such as Sprint. Enfora, based in Richardson, Texas, focuses squarely on the cellular Machine-to-Machine (M2M) with modems, embedded modules, and platform software, and will reportedly be run as a standalone business unit by Novatel Wireless. This acquisition follows on the heels of Gemalto’s acquisition of Cinterion Wireless Modules in June 2010 and holds many similarities to Sierra Wireless’s acquisition of Wavecom in 2009. What is the upside for Novatel Wireless – and the downside?

The full text of this Insight is available to subscribers of the M2M Research Service.

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