KDDI to Acquire SORACOM
2 August 2017 ― KDDI Corporation today announced that it will acquire the outstanding shares of SORACOM, Inc., provider of the leading cloud-native communication platform for the Internet of Things (IoT).
SORACOM, a leader in IoT, provides an IoT platform that combines over the air connectivity with cloud capability to deliver secure communication optimized for IoT and M2M.
SORACOM customers can operate and manage connections and devices from a web console and API, and can quickly launch and scale IoT systems featuring advanced cloud integration and private cloud connections.
Since launching in Japan in September 2015, SORACOM has expanded operations to the United States and Europe, initiated service in over 120 countries, and developed a worldwide base of over 7,000 customers. At the same time, SORACOM has established an IoT ecosystem of over 350 registered partners in its SORACOM Partner Space.
“When we launched SORACOM, our mission was to make the Internet of Things accessible to the smallest developers and scalable to the largest enterprises,” said Ken Tamagawa, CEO SORACOM (above). “Today’s announcement represents an extraordinary milestone for SORACOM, and I am very pleased to be able to share this news. With the support and encouragement of investors like WiL and IVP, who understood the scope of our vision and recognized the strength of the team, we succeeded in bringing this idea of a readily-accessible IoT to life.”
SORACOM will become a consolidated subsidiary of KDDI. The transaction is expected to close at the end of August 2017.
KDDI has provided IoT/M2M services for over 15 years and offers mobile communication services in various industries, including smart meters and remote monitoring. In addition, KDDI is proactively advancing the communication base for future IoT services by developing next-generation networks such as cellular LPWA (LTE-M/NB-IoT) and 5G, and by providing custom IoT solutions according to client's needs.
The KDDI IoT team and SORACOM will collaborate to build a joint IoT platform worldwide and create a market-leading new IoT business.
Source: KDDI and Soracom