Wednesday, June 19, 2024
HomeWhat's NewNewsThe New Owner Of Sigfox Wants To Connect IoT Networks

The New Owner Of Sigfox Wants To Connect IoT Networks

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UnaBiz will take over as Sigfox’s new owner, pledging to integrate the proprietary technology with other low-power wide-area networks (LPWANs) for the Internet of Things (IoT), including LoraWAN.

The Jury, Administrators, the Public Prosecutor, Sigfox SA, Sigfox France SAS, and Sigfox Employee Representatives unanimously backed UnaBiz as the best offer among nine initial bidders in the receivership case for Sigfox and its subsidiary Sigfox France SAS.

“On top of securing the sales pipeline for Sigfox in the next 12 months as global markets emerge from the pandemic, UnaBiz and Sigfox will strive towards the convergence of LPWAN. The new Sigfox will reinvent itself and collaborate with other IoT communication technologies to seize new market opportunities,” says Henri Bong, Co-Founder and Co-CEO of UnaBiz.

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The Administrators, Sigfox Management, and Employee Representatives will collaborate with UnaBiz over the next few weeks to facilitate a smooth transition of ownership to Sigfox’s ongoing commercial activities.

Sigfox is based in Labège, France, and has offices in Dubai, Madrid, Paris, Sao Paulo, Singapore, and Tokyo. Its proprietary protocol for low-cost IoT communication is used by the company. Around the world, there are 75 Sigfox Operators. Every day, almost 80 million messages are sent from 20 million connected devices.

UnaBiz is a Sigfox Operator for Singapore and Taiwan, and it has pledged to protect 110 of its 174 existing workers. To address consumer concerns, it is also conducting financial and operational analyses to protect the mission-critical network and backend systems.

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